---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-015816"
form_type: "8-K"
ticker: "NBTB"
cik: "0000790359"
company_name: "NBT BANCORP INC"
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T07:25:29.667409+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NBT and Salisbury face two shareholder lawsuits over merger; voluntarily supplement proxy

## Summary
- Two class actions filed in Connecticut allege Salisbury directors breached fiduciary duties in approving merger.
- Six demand letters also received; the companies deny all allegations and will defend vigorously.
- Supplemental disclosures include Janney's fairness opinion fee of $200k and completion fee of 1.15% of $204M deal value.
- Additional proxy updates include offer letters to two Salisbury executives and revised financial projections.
- Salisbury shareholder vote on merger scheduled for special meeting April 12, 2023.

## SEC filing metadata
- accession: 0001140361-23-015816
- form_type: 8-K
- ticker: NBTB
- cik: 0000790359
- company_name: NBT BANCORP INC
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/790359/000114036123015816/0001140361-23-015816-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/790359/000114036123015816/brhc10050835_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-015816
- JSON: https://secwatch.observer/filing/0001140361-23-015816.json
- Plain text: https://secwatch.observer/filing/0001140361-23-015816.txt

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