Community Financial System (CBU) Proxy Filing summary

Voting matters and shareholder proposals

• Shareholders will vote on the election of 12 director nominees for a one-year term, with all nominees recommended by the board.

• An advisory vote on executive compensation is included on the agenda.

• Ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025 is proposed.

• Additional business may be addressed if properly brought before the meeting.

Board of directors and corporate governance

• The board has nominated 12 individuals for election, each to serve a one-year term until successors are elected and qualified.

Executive compensation and say-on-pay

• An advisory vote will be held to approve executive compensation, allowing shareholders to express their views.