Chemung Financial CFO Karl Krebs to retire July 1; enters consulting agreement for transition

CHEMUNG FINANCIAL CORP

Karl F. Krebs retires as CFO and Treasurer of Chemung Financial and Chemung Canal Trust effective July 1, 2023.
3-month consulting agreement (July–Sept 2023) pays $15,000/month ($45,000 total) for transition support.
Consultant will assist successor CFO, review monthly financials and board materials, up to 15 hours/week.
Agreement includes non-compete and non-solicitation clauses; no successor CFO announced yet.

item 5.02 item 9.01

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Departed

Karl F. Krebs

Chief Financial Officer and Treasurer

CHMG · CHEMUNG FINANCIAL CORP

Effective: 2023-07-01
Filed: June 29, 2023, 7:59 PM ET

whose retirement as Chief Financial Officer and Treasurer of the Corporation, and Executive Vice President, Chief Financial Officer and Treasurer of the Bank will become effective as of July 1, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Karl F. Krebs departed as Chief Financial Officer and Treasurer at CHEMUNG FINANCIAL CORP.

Action: retirement
Role: Chief Financial Officer and Treasurer

Exact text from the filing

whose retirement as Chief Financial Officer and Treasurer of the Corporation, and Executive Vice President, Chief Financial Officer and Treasurer of the Bank will become effective as of July 1, 2023.

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CHEMUNG FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001171843-23-004257

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