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AI brief of an SEC Form 8-K · Community Bank System (CBU)

Community Financial System CFO Joseph Sutaris to retire in or around Q3 2025

Neutral Impact 4 of 5 leadership Written later

Community Financial System said its Executive Vice President and Chief Financial Officer, Joseph E. Sutaris, intends to retire in or around the third quarter of 2025, citing personal reasons. He will remain in his role until a successor is appointed and will stay through a transition period, and the company says the decision did not stem from any disagreement on financial statements or practices.

Key points

  • Joseph E. Sutaris notified the company on November 7, 2024 of his intention to retire.
  • Retirement is expected in or around the third quarter of 2025.
  • The company intends to begin a process to identify a successor; Sutaris will continue in his role until one is appointed.
  • The company states the retirement is for personal reasons and not due to any disagreement on financial statements, operations, policies, or practices.

The filing

CompanyCommunity Bank System (CBU)
Form8-K, current report
Filed with the SECNov 12, 2024, 5:25 PM ET
Accession number0001104659-24-116940

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 12, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.