Chemung Financial shareholders approve directors, pay, auditor
Chemung Financial Corporation reported the results of its Annual Meeting of Shareholders held on June 2, 2026.
Accepted by SEC EDGAR
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Form Type
8-K
Rhea-AI Filing Summary
Chemung Financial Corporation reported the results of its Annual Meeting of Shareholders held on June 2, 2026. Shareholders elected directors Richard E. Forrestel Jr., Stephen M. Lounsberry III, Anders M. Tomson, and G. Thomas Tranter Jr. to three-year terms.
Investors also approved the Corporation’s Say-on-Pay advisory vote on named executive officer compensation and ratified the appointment of Crowe LLP as independent registered public accounting firm for the year ending December 31, 2026.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Forrestel votes for: 3,222,817 votes
Lounsberry votes for: 2,918,389 votes
Tomson votes for: 3,266,034 votes
+3 more
6 metrics
Forrestel votes for
3,222,817 votes
Director election, Annual Meeting June 2, 2026
Lounsberry votes for
2,918,389 votes
Director election, Annual Meeting June 2, 2026
Tomson votes for
3,266,034 votes
Director election, Annual Meeting June 2, 2026
Tranter votes for
3,195,518 votes
Director election, Annual Meeting June 2, 2026
Say-on-Pay votes for
3,150,781 votes
Named Executive Officers’ compensation approval
Auditor ratification votes for
4,452,309 votes
Ratification of Crowe LLP for year ending December 31, 2026
Key Terms
Broker Non-Votes, Named Executive Officers’ Compensation, Say-on-Pay, independent registered public accounting firm, +1 more
5 terms
Broker Non-Votes financial
"Nominees | Votes For | Votes Withheld | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
Named Executive Officers’ Compensation financial
"Approval of the Corporation’s Named Executive Officers’ Compensation"
Say-on-Pay financial
"Approval of the Corporation’s Named Executive Officers’ Compensation (“Say-on-Pay”)"
A say-on-pay is a shareholder vote that gives investors a chance to approve or disapprove a company’s executive compensation packages, typically held at annual meetings. It matters because the vote signals investor satisfaction with how leaders are paid—like customers rating how well managers are rewarded—and can push boards to change pay plans, reducing governance risk and affecting investor confidence and stock value even though the vote is usually advisory rather than legally binding.
independent registered public accounting firm financial
"Independent Registered Public Accounting Firm for the Year Ending December 31, 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Schedule 14A regulatory
"definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission"
Schedule 14A is a document that companies file with regulators to share important information with shareholders before a big vote, like approving a merger or election of directors. It matters because it helps investors understand what’s happening so they can make informed decisions about the company’s future.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Which directors were elected at Chemung Financial’s 2026 annual meeting?
Shareholders elected Richard E. Forrestel Jr., Stephen M. Lounsberry III, Anders M. Tomson, and G. Thomas Tranter Jr. Each will serve a three-year term on the board following majority support in the director elections held at the June 2, 2026 annual meeting.
Was Crowe LLP ratified as Chemung Financial’s independent auditor for 2026?
Yes. Shareholders ratified the appointment of Crowe LLP as Chemung Financial’s independent registered public accounting firm for the year ending December 31, 2026, with 4,452,309 votes for, 42,148 votes against, and 1,951 abstentions at the annual meeting.
Where can investors find more detail on Chemung Financial’s 2026 meeting proposals?
Details on each proposal are described in Chemung Financial’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 23, 2026, which outlines the director elections, Say-on-Pay resolution, and auditor ratification.
AI-generated analysis. How Rhea-AI works. Not financial advice.
