CHMG · Chemung Financial Corp · Executive Compensation
$83.06
+1.41 (+1.73%)
At close · Oct 22
Return incl. dividend (before tax)
Market Cap
$393.67M
Shares
4.82M
Volume · Oct 22
38.67K
Avg daily vol (3M)
67.63K
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Anders M. Tomson | President and CEO | $1,417,130 |
| Dale M. McKim III | Executive Vice President, CFO and Treasurer | $664,661 |
| Jeffrey P. Kenefick | Regional President The amounts shown for salary represent the base salary paid to the NEO during 2025, 2024 and 2023, respectively, and the amounts shown for bonus represent amounts earned in 2025, 2024, and 2023, respectively. The amounts shown for Mr. Tomson reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2025 Annual Report on Form 10-K. The awards granted during 2025 are restricted and fully vest at the end of the month following the first anniversary of the grant date. The amounts shown reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2025 Annual Report on Form 10-K. Awards vest in five equal installments over a five-year period at the end of the month following the first anniversary of the grant date. The amounts shown reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2025 Annual Report on Form 10-K. Awards vest in five equal installments over a five-year period from the date of grant. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. The specific amounts are set forth in the "All Other Compensation Table for 2025" below. Mr. Kenefick became an NEO for the first time in 2025, and pursuant to SEC rules, compensation for prior years is not required to be reported. | $532,763 |
| Peter K. Cosgrove | Executive Vice President and CCO | $531,508 |
| Daniel D. Fariello | President, Capital Bank Division | $526,560 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Anders M. Tomson | President and CEO | $1,364,070 |
| Dale M. McKim III | Executive Vice President, CFO and Treasurer | $553,466 |
| Peter K. Cosgrove | Executive Vice President and CCO | $452,842 |
| Daniel D. Fariello | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2024, 2023 and 2022, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2024 Annual Report on Form 10-K. The awards granted during 2024 are restricted and fully vest on the first anniversary of the grant date. In March 2024, the Compensation Committee changed the Corporation’s incentive compensation payout structure with respect to the NEOs (other than Mr. Tomson) so that incentive compensation would be payable in February following the end of the fiscal year (rather than in December of the applicable year). This change allows the Compensation Committee to consider the financial results of the Corporation for the fiscal year which are generally not available until after the fiscal year end. Accordingly, incentive compensation for fiscal year 2024 was paid in February 2025 and as a result, the NEOs (other than Mr. Tomson) did not receive a stock award grant during 2024. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. | $440,675 |
| Loren D. Cole | Executive Vice President and CIO | $438,854 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Anders M. Tomson | President and CEO | $1,283,098 |
| Peter K. Cosgrove | Executive Vice President and CCO | $497,223 |
| Loren D. Cole | Executive Vice President and CIO | $485,786 |
| Daniel D. Fariello | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2024, 2023 and 2022, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2024 Annual Report on Form 10-K. The awards granted during 2024 are restricted and fully vest on the first anniversary of the grant date. In March 2024, the Compensation Committee changed the Corporation’s incentive compensation payout structure with respect to the NEOs (other than Mr. Tomson) so that incentive compensation would be payable in February following the end of the fiscal year (rather than in December of the applicable year). This change allows the Compensation Committee to consider the financial results of the Corporation for the fiscal year which are generally not available until after the fiscal year end. Accordingly, incentive compensation for fiscal year 2024 was paid in February 2025 and as a result, the NEOs (other than Mr. Tomson) did not receive a stock award grant during 2024. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. | $477,397 |
| Dale M. McKim III | Executive Vice President, CFO and Treasurer | $420,328 |
| Karl F. Krebs | Former Executive Vice President, CFO and Treasurer | $367,408 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Anders M. Tomson | President and CEO | $1,176,899 |
| Karl F. Krebs | Former Executive Vice President, CFO and Treasurer | $524,812 |
| Peter K. Cosgrove | Executive Vice President and CCO | $484,236 |
| Daniel D. Fariello | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2024, 2023 and 2022, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2024 Annual Report on Form 10-K. The awards granted during 2024 are restricted and fully vest on the first anniversary of the grant date. In March 2024, the Compensation Committee changed the Corporation’s incentive compensation payout structure with respect to the NEOs (other than Mr. Tomson) so that incentive compensation would be payable in February following the end of the fiscal year (rather than in December of the applicable year). This change allows the Compensation Committee to consider the financial results of the Corporation for the fiscal year which are generally not available until after the fiscal year end. Accordingly, incentive compensation for fiscal year 2024 was paid in February 2025 and as a result, the NEOs (other than Mr. Tomson) did not receive a stock award grant during 2024. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. | $461,666 |
| Loren D. Cole | Executive Vice President and CIO | $453,853 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Anders M. Tomson | President & CEO | $1,016,142 |
| Karl F. Krebs | Former Executive Vice President, CFO and Treasurer | $527,213 |
| Peter K. Cosgrove | Executive Vice President, CCO and CRO | $480,131 |
| Daniel D. Fariello | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2023, 2022 and 2021, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2023 Annual Report on Form 10-K. The awards granted during 2023 are restricted and fully vest on the first anniversary of the grant date. The awards granted during 2022 vested on January 18, 2023. The awards granted during 2021 were fully vested upon grant. The stock awards granted to Mr. Tomson for 2021 include director fees of 31,942. The amounts shown for Messrs. Krebs, Cole, Cosgrove and Fariello represent shares granted under the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation’s audited consolidated financial statements contained in the Corporation’s 2023 Annual Report on Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. Mr. Krebs retired from the Bank and the Corporation effective as of July 3, 2023. Mr. McKim joined the Bank and the Corporation effective as of July 3, 2023. Includes a 100,020 restricted stock grant that Mr. McKim received when joining the Bank and the Corporation on July 3, 2023. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. | $460,555 |
| Loren D. Cole | Executive Vice President and CIO | $447,244 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Anders M. Tomson | President & CEO | $902,748 |
| Louis C. DiFabio | Executive Vice President Lending Services The amounts shown for salary and bonus represent amounts earned in 2020, 2019 and 2018. The amounts shown for Mr. Tomson were made under the terms of the Incentive Compensation Plan. The awards are fully vested upon grant and reflect the grant date fair value. The stock award granted to Mr. Tomson in 2020, 2019 and 2018 includes director fees in the amounts of 26,258, 22,653 and 24,886, respectively. The amounts shown for Messrs. Krebs, Cole, Cosgrove and DiFabio represent shares granted under the Restricted Stock Plan and reflect the grant date fair value as reported in Note 15 of the Corporation’s audited consolidated financial statements contained in the Corporation’s Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown represent the aggregate change, during the respective year, in the present value of the NEO’s accumulated pension benefit from the Pension Plan. The Board approved a total “freeze” of the Pension Plan effective January 1, 2017. For more information on the Pension Plan, see the “Elements of Compensation” section. Mr. DiFabio was the only NEO that participated in the Pension Plan. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles, gas reimbursement, mileage reimbursement (“Automobile Allowance/Usage”) and club memberships. Mr. Cosgrove joined the Bank in August 2019. Mr. DiFabio retired on December 31, 2020. | $515,770 |
| Karl F. Krebs | Executive Vice President, CFO and Treasurer | $494,487 |
| Peter K. Cosgrove | Executive Vice President, CCO and CRO | $418,910 |
| Loren D. Cole | Executive Vice President and CIO | $405,754 |
| Daniel D. Fariello | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2022, 2021 and 2020, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's Form 10-K. The awards granted during 2022 are restricted and fully vest on the first anniversary of the grant date. The awards granted during 2021 and 2020 were fully vested upon grant. The stock awards granted to Mr. Tomson for 2021 and 2020 include director fees in the amounts of 31,942 and 22,337, respectively. The amounts shown for Messrs. Krebs, Cole, Cosgrove and Fariello represent shares granted under the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation’s audited consolidated financial statements contained in the Corporation’s Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. | $401,083 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Anders M. Tomson | President & CEO | $863,470 |
| Louis C. DiFabio | Executive Vice President Lending Services The amounts shown for salary and bonus represent amounts earned in 2020, 2019 and 2018. The amounts shown for Mr. Tomson were made under the terms of the Incentive Compensation Plan. The awards are fully vested upon grant and reflect the grant date fair value. The stock award granted to Mr. Tomson in 2020, 2019 and 2018 includes director fees in the amounts of 26,258, 22,653 and 24,886, respectively. The amounts shown for Messrs. Krebs, Cole, Cosgrove and DiFabio represent shares granted under the Restricted Stock Plan and reflect the grant date fair value as reported in Note 15 of the Corporation’s audited consolidated financial statements contained in the Corporation’s Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown represent the aggregate change, during the respective year, in the present value of the NEO’s accumulated pension benefit from the Pension Plan. The Board approved a total “freeze” of the Pension Plan effective January 1, 2017. For more information on the Pension Plan, see the “Elements of Compensation” section. Mr. DiFabio was the only NEO that participated in the Pension Plan. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles, gas reimbursement, mileage reimbursement (“Automobile Allowance/Usage”) and club memberships. Mr. Cosgrove joined the Bank in August 2019. Mr. DiFabio retired on December 31, 2020. | $485,309 |
| Karl F. Krebs | Executive Vice President, CFO and Treasurer | $454,976 |
| Karen R. Makowski | Executive Vice President & Chief Risk Officer The amounts shown for salary and bonus represent amounts earned in 2019, 2018 and 2017. The amounts shown for Mr. Tomson were made under the terms of the Incentive Compensation Plan. The awards are fully vested upon grant and reflect the grant date fair market value as of December 31, 2019, December 31, 2018 and December 29, 2017, respectively. The stock award granted to Mr. Tomson in 2019, 2018 and 2017 include director fees in the amount of 22,653, 24,886 and 23,146, respectively. The amounts shown for Messrs. Cole, DiFabio, Krebs and Mrs. Makowski represent shares granted under the Restricted Stock Plan and reflect the grant date fair market value as reported in Note 15 of the Corporation's audited consolidated financial statements contained in the Corporation’s Annual Report on Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. See table on page 21 captioned “Grants of Plan-Based Awards.” The amount of the awards are determined in the discretion of the Compensation Committee as discussed on page 16. 19,471 of Mr. Tomson's bonus in 2017 was an additional cash bonus awarded to Mr. Tomson pursuant to a Bank-wide 5% cash bonus plan in which all non-sales employees participate. Other NEOs are not eligible to participate in this 5% cash bonus pool. Beginning in 2018, Mr. Tomson no longer participates in this plan. The amounts shown represent the aggregate change, during the respective year, in the present value of the named executive officers’ accumulated pension benefit from the Pension Plan. The Board approved a total "freeze" of the Pension Plan effective January 1, 2017. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions, and perquisites, such as car allowance or personal portion of Bank-owned vehicles and club memberships. The NEOs participate in certain group health, life, disability and medical reimbursement plans, not disclosed in the Summary Compensation Table, that are generally available to salaried employees and do not discriminate in scope, terms and operation. See table below captioned "All Other Compensation Table." | $374,569 |
| Loren D. Cole | Executive Vice President and CIO | $346,349 |
| Daniel D. Fariello | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2021, 2020 and 2019, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's Form 10-K. The awards for 2021 are restricted and fully vest on the first anniversary of the grant date. Awards for 2020 and 2019 were fully vested upon grant. The stock awards granted to Mr. Tomson for 2020 and 2019 includes director fees in the amounts of 26,258 and 22,653, respectively. The amounts shown for Messrs. Krebs, Cole, Cosgrove and Fariello represent shares granted under the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation’s audited consolidated financial statements contained in the Corporation’s Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles, gas reimbursement, mileage reimbursement (“Automobile Allowance/Usage”) and club memberships. | $341,821 |
| Peter K. Cosgrove | Executive Vice President, CCO and CRO | $129,465 |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| Anders M. Tomson | President & CEO | $801,997 |
| Karl F. Krebs | Executive Vice President, CFO and Treasurer | $439,814 |
| Karen R. Makowski | Executive Vice President & Chief Risk Officer The amounts shown for salary and bonus represent amounts earned in 2019, 2018 and 2017. The amounts shown for Mr. Tomson were made under the terms of the Incentive Compensation Plan. The awards are fully vested upon grant and reflect the grant date fair market value as of December 31, 2019, December 31, 2018 and December 29, 2017, respectively. The stock award granted to Mr. Tomson in 2019, 2018 and 2017 include director fees in the amount of 22,653, 24,886 and 23,146, respectively. The amounts shown for Messrs. Cole, DiFabio, Krebs and Mrs. Makowski represent shares granted under the Restricted Stock Plan and reflect the grant date fair market value as reported in Note 15 of the Corporation's audited consolidated financial statements contained in the Corporation’s Annual Report on Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. See table on page 21 captioned “Grants of Plan-Based Awards.” The amount of the awards are determined in the discretion of the Compensation Committee as discussed on page 16. 19,471 of Mr. Tomson's bonus in 2017 was an additional cash bonus awarded to Mr. Tomson pursuant to a Bank-wide 5% cash bonus plan in which all non-sales employees participate. Other NEOs are not eligible to participate in this 5% cash bonus pool. Beginning in 2018, Mr. Tomson no longer participates in this plan. The amounts shown represent the aggregate change, during the respective year, in the present value of the named executive officers’ accumulated pension benefit from the Pension Plan. The Board approved a total "freeze" of the Pension Plan effective January 1, 2017. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions, and perquisites, such as car allowance or personal portion of Bank-owned vehicles and club memberships. The NEOs participate in certain group health, life, disability and medical reimbursement plans, not disclosed in the Summary Compensation Table, that are generally available to salaried employees and do not discriminate in scope, terms and operation. See table below captioned "All Other Compensation Table." | $383,267 |
| Louis C. DiFabio | Executive Vice President Lending Services The amounts shown for salary and bonus represent amounts earned in 2020, 2019 and 2018. The amounts shown for Mr. Tomson were made under the terms of the Incentive Compensation Plan. The awards are fully vested upon grant and reflect the grant date fair value. The stock award granted to Mr. Tomson in 2020, 2019 and 2018 includes director fees in the amounts of 26,258, 22,653 and 24,886, respectively. The amounts shown for Messrs. Krebs, Cole, Cosgrove and DiFabio represent shares granted under the Restricted Stock Plan and reflect the grant date fair value as reported in Note 15 of the Corporation’s audited consolidated financial statements contained in the Corporation’s Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown represent the aggregate change, during the respective year, in the present value of the NEO’s accumulated pension benefit from the Pension Plan. The Board approved a total “freeze” of the Pension Plan effective January 1, 2017. For more information on the Pension Plan, see the “Elements of Compensation” section. Mr. DiFabio was the only NEO that participated in the Pension Plan. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles, gas reimbursement, mileage reimbursement (“Automobile Allowance/Usage”) and club memberships. Mr. Cosgrove joined the Bank in August 2019. Mr. DiFabio retired on December 31, 2020. | $338,632 |
| Loren D. Cole | Executive Vice President and CIO | $269,002 |
Fiscal 2017
| Executive | Role | Total |
|---|---|---|
| Anders M. Tomson | President & Chief Executive Officer | $731,942 |
| Karl F. Krebs | Executive Vice President Chief Financial Officer, and Treasurer | $437,782 |
| Louis C. DiFabio | Executive Vice President Business Client Services | $410,096 |
| Karen R. Makowski | Executive Vice President & Chief Risk Officer The amounts shown for salary and bonus represent amounts earned in 2019, 2018 and 2017. The amounts shown for Mr. Tomson were made under the terms of the Incentive Compensation Plan. The awards are fully vested upon grant and reflect the grant date fair market value as of December 31, 2019, December 31, 2018 and December 29, 2017, respectively. The stock award granted to Mr. Tomson in 2019, 2018 and 2017 include director fees in the amount of 22,653, 24,886 and 23,146, respectively. The amounts shown for Messrs. Cole, DiFabio, Krebs and Mrs. Makowski represent shares granted under the Restricted Stock Plan and reflect the grant date fair market value as reported in Note 15 of the Corporation's audited consolidated financial statements contained in the Corporation’s Annual Report on Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. See table on page 21 captioned “Grants of Plan-Based Awards.” The amount of the awards are determined in the discretion of the Compensation Committee as discussed on page 16. 19,471 of Mr. Tomson's bonus in 2017 was an additional cash bonus awarded to Mr. Tomson pursuant to a Bank-wide 5% cash bonus plan in which all non-sales employees participate. Other NEOs are not eligible to participate in this 5% cash bonus pool. Beginning in 2018, Mr. Tomson no longer participates in this plan. The amounts shown represent the aggregate change, during the respective year, in the present value of the named executive officers’ accumulated pension benefit from the Pension Plan. The Board approved a total "freeze" of the Pension Plan effective January 1, 2017. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions, and perquisites, such as car allowance or personal portion of Bank-owned vehicles and club memberships. The NEOs participate in certain group health, life, disability and medical reimbursement plans, not disclosed in the Summary Compensation Table, that are generally available to salaried employees and do not discriminate in scope, terms and operation. See table below captioned "All Other Compensation Table." | $384,068 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Jeffrey P. Kenefick | interim head of the Wealth Management Group | Appointed | 2025-09-11 |
| Thomas W. Wirth | Executive Vice President responsible for the Wealth Management Group of Chemung Canal Trust Company | Retired | 2025-09-11 |
| Karl F. Krebs | Chief Financial Officer and Treasurer | Retired | 2023-06-29 |
| Karl F. Krebs | Chief Financial Officer and Treasurer of the Corporation, and Executive Vice President, Chief Financial Officer and Treasurer of | Retired | 2023-06-02 |
| Dale M. McKim III | Chief Financial Officer and Treasurer of the Corporation, and Executive Vice President, Chief Financial Officer and Treasurer of | Appointed | 2023-06-02 |
| Joseph F. Meade IV | director | Appointed | 2022-08-19 |
Leadership
- Anders M. Tomson CEO
- Dale M. McKim III CFO
- Loren D. Cole CIO
- Joseph F. Meade IV Board Member
- Raimundo C. Archibold, Jr. Board Member
- Richard E. Forrestel, Jr. Board Member
- Vincent M. Cutrona Board Member
Key facts
CIK
763563
CUSIP
164024101
13F (30d)
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