{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-103952","form_type":"8-K","ticker":"CBU","cik":"0000723188","company_name":"COMMUNITY FINANCIAL SYSTEM, INC.","filed_at":"2024-09-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.707520+00:00","generated_at":"2026-05-31T00:59:56.526164+00:00","sec_items":["5.02","9.01","7.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Community Financial System appoints Deresa Durkee as SVP and Chief Accounting Officer","bullets":["Deresa Durkee, age 55, promoted from SVP and Corporate Controller to SVP and Chief Accounting Officer effective Sept 30, 2024.","She joined the company in 2015 via the Oneida Financial acquisition, where she was SVP and CFO.","Durkee entered into a Change of Control Agreement dated Jan 1, 2024, providing 18 months base salary plus incentive if terminated within one year after a change of control.","Change of Control Agreement includes immediate vesting of restricted stock and accelerated option exercisability upon qualifying termination.","Durkee is a certified public accountant with a B.S. in Accounting from LeMoyne College."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-103952","json":"https://secwatch.observer/filing/0001104659-24-103952.json","markdown":"https://secwatch.observer/filing/0001104659-24-103952.md","text":"https://secwatch.observer/filing/0001104659-24-103952.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723188/000110465924103952/0001104659-24-103952-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723188/000110465924103952/tm2425133d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T00:59:56.526164+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eb45f204bd","claim":"Deresa F. Durkee was appointed as Senior Vice President and Chief Accounting Officer at COMMUNITY FINANCIAL SYSTEM, INC..","evidence_excerpt":"On September 30, 2024, Community Financial System, Inc. (the “Company”) and its wholly owned banking subsidiary, Community Bank, N.A. (the “Bank”), appointed Deresa F. Durkee as Senior Vice President (“SVP”) and Chief Accounting Officer, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723188/000110465924103952/0001104659-24-103952-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Senior Vice President and Chief Accounting Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}