arrow financial corp holds annual meeting with key decisions

Arrow Financial Corp (NASDAQ:AROW), a $421.55 million regional bank trading at a P/E ratio of 14.82, convened its 2025 Annual Meeting of Shareholders today, where several significant resolutions were passed. The meeting, held virtually, saw the participation of shareholders representing 77.06% of the company’s 16,670,684 outstanding shares as of the April 7, 2025 record date. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value calculation, with analysts setting price targets between $27.50 and $28.00.

Key decisions included the election of board members, with four Class C directors elected for terms ending in 2028, one Class A director for a term ending in 2026, and one Class B director for a term ending in 2027. The elected directors are Tenée R. Casaccio, James M. Dawsey, Philip C. Morris, and Colin L. Read, Ph.D. for Class C, Daniel J. White for Class A, and Kristine D. Duffy, Ed.D. for Class B. The company has maintained a strong track record of shareholder returns, having raised its dividend for 32 consecutive years, with a current yield of 4.39%.

Shareholders also approved, on an advisory basis, the company’s 2024 executive compensation package. Additionally, the selection of Crowe LLP as the independent auditor for the fiscal year ending December 31, 2025, was ratified.

These resolutions were part of the agenda detailed in the company’s Proxy Statement filed with the SEC on April 24, 2025. The meeting outcomes were disclosed in an 8-K filing with the Securities and Exchange Commission.

In other recent news, Arrow Financial Corporation has announced the upcoming retirement of its Chief Credit Officer, David D. Kaiser, effective June 30, 2025. Kaiser concludes a 24-year tenure with the company, during which he was instrumental in developing Arrow Financial’s credit culture. The company has planned for this transition by distributing Kaiser’s responsibilities among a team of seasoned executives, each with over 25 years of experience. Arrow Financial expressed appreciation for Kaiser’s contributions and assured stakeholders of a smooth transition, although they noted that actual outcomes could vary based on several factors. This announcement was made as part of an 8-K filing in compliance with SEC requirements. Investors are encouraged to review this information alongside Arrow Financial’s Annual Report and other SEC filings for a more comprehensive understanding of the company’s management structure. The report was authorized and signed by Penko Ivanov, Arrow Financial’s Chief Financial Officer.

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