secwatch.observer — SEC 8-K summary
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Issuer:     CHEMUNG FINANCIAL CORP (CHMG)
CIK:        0000763563
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001171843-23-004257
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763563/000117184323004257/0001171843-23-004257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763563/000117184323004257/f8k_062923.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004257

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