Arrow Announces Preliminary Approval of Settlement

Arrow Financial (NASDAQ:AROW) announced on November 5, 2025 that a proposed settlement in the shareholder derivative action filed by Stephen Bull has received preliminary court approval.

Rhea-AI Summary

Arrow Financial (NASDAQ:AROW) announced on November 5, 2025 that a proposed settlement in the shareholder derivative action filed by Stephen Bull has received preliminary court approval.

The company said the Notice of Pendency and Proposed Settlement and the Stipulation and Agreement of Settlement are posted on its investor relations site and will be filed as exhibits to a Form 8-K. Arrow stated the settlement has no material financial impact on its results of operations or financial position and directed investors to the Notice and Stipulation for details.

Argus Nov 6 session

-2.71% close to close 1.9x rel. volume Open Argus

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News Market Reaction – AROW

On Nov 6, the first trading day after this news, AROW closed 2.71% below the previous close. That session’s volume was 1.9x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Nov 6 session.

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GLENS FALLS, N.Y., Nov. 5, 2025 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS^® – AROW) ("Arrow" or "the Company") announced preliminary approval of a settlement of the Shareholder Derivative Complaint filed by Stephen Bull as described in various SEC filings over the last 18 months. 

The Notice of Pendency and Proposed Settlement of Stockholder Derivative Action (the "Notice") and the Stipulation and Agreement of Settlement (the "Stipulation") are posted on the company's investor relations website: arrowfinancial.com/documents and are also being filed as exhibits to a Form 8-K announcing the settlement's preliminary approval. The settlement has no material financial impact on the Company's results of operations or financial position. We refer investors to the Notice and Stipulation for further information. 

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SOURCE Arrow Financial Corporation

FAQ

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What did Arrow Financial (AROW) announce on November 5, 2025 about the shareholder derivative case?

Arrow announced preliminary court approval of a proposed settlement in the shareholder derivative action brought by Stephen Bull.

Where can investors find the Notice and Stipulation for Arrow's AROW settlement?

The Notice and Stipulation are posted on Arrow's investor relations website at arrowfinancial.com/documents and will be filed as exhibits to a Form 8-K.

Does the preliminary settlement approval for AROW have a material financial impact?

The company stated the settlement has no material financial impact on results of operations or financial position.

Has the Arrow (AROW) settlement been finally approved by the court?

No; the company reported only that the settlement received preliminary approval, not a final court order.

Will Arrow (AROW) file additional documents about the settlement after preliminary approval?

Yes; Arrow said the Notice and Stipulation are being filed as exhibits to a Form 8-K announcing the preliminary approval.