Community Financial System (CBU) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order with agenda and rules of conduct posted for reference.

• Shareholders encouraged to vote and submit questions via the web portal.

• Only shareholders of record as of March 23, 2026, or their proxies, could vote and participate.

Board and executive committee updates

• Two directors, Sally Steele and John Whipple, recognized for their service and retiring from the board.

• Introduction of board nominees and new directors, including Brenda M. Hall and John A. Vaccaro.

• Executive officers and representatives from PricewaterhouseCoopers, LLP present.

Overview of voting outcomes

• Quorum established with 87% of shares represented.

• All director nominees reelected for a one-year term, each receiving over 95% of votes cast.

• Say-on-Pay proposal approved with approximately 97% in favor.

• Ratification of PricewaterhouseCoopers as auditor passed with about 99% approval.

• Final voting results to be filed with the SEC on Form 8-K within four business days.