secwatch.observer — SEC 8-K summary
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Issuer:     NBT BANCORP INC (NBTB)
CIK:        0000790359
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001140361-24-027174
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NBT Bancorp completes CEO succession; Kingsley named CEO, Watt named Vice Chairman
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- Scott Kingsley appointed President and CEO of NBT Bancorp and NBT Bank, succeeding John Watt.
- Joseph Stagliano promoted to President of NBT Bank; Annette Burns to EVP and CFO; Shauna Hyle to EVP Retail Community Banking.
- Kingsley employment agreement sets base salary at $800,000; Burns at $400,000; Stagliano at $530,000.
- John Watt receives transition salary of $440,000 through Jan 2025; life insurance benefit raised to $1M; SERP monthly benefit increased by $6,824.
- Shareholders approved 2024 Omnibus Incentive Plan, elected all director nominees, and ratified KPMG as auditor; Q2 dividend of $0.32 per share declared.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790359/000114036124027174/0001140361-24-027174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790359/000114036124027174/ef20029560_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-027174

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