other material
confidence high
sentiment neutral
materiality 0.10
Director Bruce W. Harting retires; Board rebalances classes, Holliday reclassified
FINANCIAL INSTITUTIONS INC
- Bruce W. Harting retired from Financial Institutions, Inc. and Five Star Bank boards effective September 1, 2026, to pursue outside interests.
- Board size reduced from 13 to 12 members; resignation not due to any disagreement with the Company or management.
- Susan R. Holliday, Chair, resigned from 2029 Class and was reappointed to 2028 Class effective September 3, 2026, for class rebalancing.
- After reclassification, each of the three board classes has 4 members; Holliday continues as Chair with no changes to compensation or committee assignments.
- Holliday's service deemed uninterrupted; her reappointment runs until 2027 Annual Meeting when shareholders will elect her to 2028 Class.