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 ending at the next annual meeting.

• An advisory vote on executive compensation (say-on-pay) is included on the ballot.

• Ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026 is proposed.

• Other business may be addressed as properly brought before the meeting or any adjournment.

Board of directors and corporate governance

• Twelve director nominees are proposed for election, each recommended by the board.

• Directors will serve a one-year term until successors are elected and qualified.

Executive compensation and say-on-pay

• An advisory vote will be held for shareholders to approve executive compensation practices.