---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-116940"
form_type: "8-K"
ticker: "CBU"
cik: "0000723188"
company_name: "COMMUNITY FINANCIAL SYSTEM, INC."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:27:24.062575+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CFO Joseph E. Sutaris to retire in Q3 2025; successor search underway

## Summary
- Joseph E. Sutaris notified retirement as EVP and CFO, effective around Q3 2025.
- Decision is for personal reasons, not due to any disagreement with the Company or its auditors.
- Sutaris will continue in his current role until a successor is appointed and through a transition period.
- Company has initiated a process to identify a successor for the CFO position.

## SEC filing metadata
- accession: 0001104659-24-116940
- form_type: 8-K
- ticker: CBU
- cik: 0000723188
- company_name: COMMUNITY FINANCIAL SYSTEM, INC.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723188/000110465924116940/0001104659-24-116940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723188/000110465924116940/tm2428248d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-116940
- JSON: https://secwatch.observer/filing/0001104659-24-116940.json
- Plain text: https://secwatch.observer/filing/0001104659-24-116940.txt

## Key facts
- Executive change
  Joseph E. Sutaris departed as Executive Vice President and Chief Financial Officer at COMMUNITY FINANCIAL SYSTEM, INC..
  - Action: retire
  - Role: Executive Vice President and Chief Financial Officer
  source text: On November 7, 2024, Joseph E. Sutaris notified Community Financial System, Inc. (the “Company”) of his intention to retire, effective in or around the third quarter of 2025, from his position as the Executive Vice President (“EVP”) and Chief Financial Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/723188/000110465924116940/0001104659-24-116940-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.