ARROW FINANCIAL CORPORATION (NASDAQ:AROW) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 – Submission of Matters to a Vote of Security Holders.
In accordance with the shareholder vote on this proposal at our Annual Meeting, the Board of Directors of Arrow Financial Corporation has determined that it will include an advisory vote on executive compensation in its proxy statements every year. We are required to hold another advisory vote on the frequency of the executive compensation vote in six years.
About ARROW FINANCIAL CORPORATION (NASDAQ:AROW)
Arrow Financial Corporation (Arrow) is a bank holding company. The Company’s banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The Company’s business consists primarily of the ownership, supervision and control of its approximately two banks. It provides advisory and administrative services and coordinates the general policies and operation of the banks. The Company offers a range of commercial and consumer banking, and financial products. Its deposit base consists of deposits derived from the communities it serves. Through its banks’ trust operations, the Company provides retirement planning, trust and estate administration services for individuals, and pension, profit-sharing and employee benefit plan administration for corporations.