secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY FINANCIAL SYSTEM, INC. (CBU)
CIK:        0000723188
Form:       8-K
Filed at:   2024-09-30T23:59:59+00:00
Accession:  0001104659-24-103952
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Financial System appoints Deresa Durkee as SVP and Chief Accounting Officer
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723188/000110465924103952/0001104659-24-103952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723188/000110465924103952/tm2425133d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-103952

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