<SEC-DOCUMENT>0001171843-15-003743.txt : 20150708
<SEC-HEADER>0001171843-15-003743.hdr.sgml : 20150708
<ACCEPTANCE-DATETIME>20150708172940
ACCESSION NUMBER:		0001171843-15-003743
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150708
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150708
DATE AS OF CHANGE:		20150708

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHEMUNG FINANCIAL CORP
		CENTRAL INDEX KEY:			0000763563
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				161237038
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35741
		FILM NUMBER:		15979950

	BUSINESS ADDRESS:	
		STREET 1:		ONE CHEMUNG CANAL PLZ
		STREET 2:		P O BOX 1522
		CITY:			ELMIRA
		STATE:			NY
		ZIP:			14902
		BUSINESS PHONE:		6077373711

	MAIL ADDRESS:	
		STREET 1:		ONE CHEMUNG CANAL PLZ
		STREET 2:		P O BOX 1522
		CITY:			ELMIRA
		STATE:			NY
		ZIP:			14902
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>document.htm
<DESCRIPTION>FORM 8-K FILING DOCUMENT
<TEXT>
<html>

	<head>
		<title>Form 8-K Filing</title>
	</head>

	<body>
		<p align="center"><b>UNITED STATES</b><br>
			<b>SECURITIES AND EXCHANGE COMMISSION</b><br>
			<b>Washington, D.C. 20549</b><br>
		</p>
		<p align="center"><b>FORM 8-K</b></p>
		<p align="center"><font size="2"><b>CURRENT REPORT</b></font></p>
		<p align="center"><font size="2"><b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font></p>
		<p align="center"><font size="2">Date of Report (Date of earliest event Reported):<b> July 8, 2015 </b></font></p>
		<p align="center"><font size="4"><b>Chemung Financial Corporation</b></font><br>
			<font size="2">(Exact Name of Registrant as Specified in Charter)</font></p>
		<!-- Registrant's State of Inc, File and IRS Number -->
		<table cellpadding="0" border="0" width="100%" cellspacing="0">
			<tr valign="top">
				<td width="32%" align="center"><font size="2"><b>New York</b></font></td>
				<td width="3%"><font size="2">&nbsp;</font></td>
				<td width="32%" align="center"><font size="2"><b>0-13888</b></font></td>
				<td width="3%"><font size="2">&nbsp;</font></td>
				<td width="32%" align="center"><font size="2"><b>16-1237038</b></font></td>
			</tr>
			<tr valign="top">
				<td width="32%" align="center"><font size="2">(State or Other Jurisdiction of Incorporation) </font></td>
				<td width="3%"><font size="2">&nbsp;</font></td>
				<td width="32%" align="center"><font size="2">(Commission File Number) </font></td>
				<td width="3%"><font size="2">&nbsp;</font></td>
				<td width="32%" align="center"><font size="2">(I.R.S. Employer Identification Number) </font></td>
			</tr>
		</table>
		<!-- Registrant's Postal Addess and Zip Code --><br>
		<table cellpadding="0" border="0" width="100%" cellspacing="0">
			<tr valign="bottom">
				<td width="47%" align="center"><font size="2"><b>One Chemung Canal Plaza, P.O. Box 1522, Elmira, NY 14901</b></font><br>
				</td>
			</tr>
			<tr valign="top">
				<td width="47%" align="center"><font size="2">(Address of Principal Executive Offices) (Zip Code)</font></td>
			</tr>
		</table>
		<p align="center"><font size="2"><b>(607) 737-3711</b><br>
			(Registrant's telephone number including area code)</font></p>
		<!--<p align="center"><br>
			<font size="2"><b>________________________________________________________________________________</b><br>
			(Former name or former address, if changed since last report)</font><font size="2"><b></b></font></p>--><!-- Simultaneous filing obligation checkboxes --><br>
		<table cellpadding="0" border="0" width="100%" cellspacing="0">
			<tr valign="top">
				<td colspan="3"><font size="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<br>
						<br>
					</font></td>
			</tr>
			<tr valign="top">
				<td width="21"><font size="2">&nbsp;</font></td>
				<td width="40"><font size="2">[ &nbsp;&nbsp;]</font></td>
				<td nowrap><font size="2">&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></td>
			</tr>
			<tr valign="top">
				<td width="21"><font size="2">&nbsp;</font></td>
				<td width="40"><font size="2">[ &nbsp;&nbsp;]</font></td>
				<td nowrap><font size="2">&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></td>
			</tr>
			<tr valign="top">
				<td width="21"><font size="2">&nbsp;</font></td>
				<td width="40"><font size="2">[ &nbsp;&nbsp;]</font></td>
				<td nowrap><font size="2">&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></td>
			</tr>
			<tr valign="top">
				<td width="21"><font size="2">&nbsp;</font></td>
				<td width="40"><font size="2">[ &nbsp;&nbsp;]</font></td>
				<td nowrap><font size="2">&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></td>
			</tr>
		</table>
		<br>
		<hr noshade="1">
		<font size="2"></font>
		<p><b><p><font size="3"><b>Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</b></font></p></b></p>
		<p><font size="2"><p>
	Effective July 7, 2015, the Board of Directors of Chemung Financial Corporation (the &quot;Corporation&quot;) and Chemung Canal Trust Company (the &quot;Bank&quot;) appointed Anders M. Tomson, 48, as President and Chief Operating Officer of the Corporation and the Bank. The Chief Operating Officer position is a newly created position within both the Corporation and the Bank and will report directly to the Chief Executive Officer. Mr. Tomson will also continue to serve as President of Capital Bank, a division of the Bank with offices in Albany and Saratoga counties. Prior to becoming the President of Capital Bank in 2011 he served as Senior Vice President and Commercial Real Estate Division Executive at RBS Citizens Bank, Senior Vice President of the Community Preservation Corporation, and Senior Vice President of Conley Realty Associates.</p>
<p>
	 </p>
<p>
	Material components of Mr. Tomson&#39;s annual compensation are as follows: (1) base salary of $325,000; (2) eligible to earn up to a 25% cash bonus of base salary, depending on performance to targets set by the Board of Directors; (3) eligible to earn up to a 25% unrestricted stock bonus of base salary, depending on performance to targets set by the Board of Directors; (4) a company owned vehicle provided and taxed per IRS guidelines; (5) club memberships in Elmira and Albany, New York; (6) certain health, life, and disability insurance benefits, on the same terms as other employees of the Bank; (7) eligibility to participate in the Bank&#39;s 401(k) Plan, on the same terms as other employees of the Bank; and (8) eligibility to participate in the Bank&#39;s defined contribution supplemental employee retirement plan with annual contributions of 20% of base salary.</p>
<p>
	 </p>
<p>
	In addition, effective July 7, 2015 Ronald M. Bentley resigned as the President of the Corporation and Bank, but will continue to serve as Chief Executive Officer of the Corporation and Bank.</p>
</font></p>
		<font size="2"></font>
		<p><b><p><font size="3"><b>Item 9.01. Financial Statements and Exhibits.</b></font></p></b></p>
		<p><font size="2"><p>
	(d) Exhibits</p>
<p>
	 </p>
<p>
	<u>Exhibit No.</u></p>
<p>
	 </p>
<table border="0" cellpadding="0" cellspacing="0">

		<tr>
			<td valign="top" width="51">
				<p>
					<font style="font-size:12px;">99.1</font></p>
			</td>
			<td valign="top" width="484">
				<p>
					<font style="font-size:12px;">Press Release of Chemung Canal Trust Company dated July 8, 2015.</font></p>
			</td>
		</tr>

</table>
</font></p>
		<hr noshade="1">
		<!-- Registrant's Signature -->
		<p align="center"><b><font size="2">SIGNATURE</font></b></p>
		<p><font size="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
		<table cellpadding="0" border="0" width="100%" cellspacing="0">
			<tr valign="top">
				<td width="47%" valign="top"><font size="2">July 8, 2015</font></td>
				<td colspan="2" valign="top"><font size="2"><b>Chemung Financial Corporation</b><br>
					<br>
					</font></td>
			</tr>
			<tr valign="top">
				<td width="47%">
					<p></p>
				</td>
				<td width="5%"><font size="2">&nbsp;By: &nbsp;</font></td>
				<td width="47%"><font size="2"><u>/s/ KARL F. KREBS</u><br>
					Karl F. Krebs<br>
					Chief Financial Officer and Treasurer</font></td>
			</tr>
		</table>
		<font size="2"></font>
	</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>newsrelease.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html><head><title>Chemung Canal Names New President &amp; Chief Operating Officer</title></head><body><p align="right">EXHIBIT 99.1</p><h3 align="center">Chemung Canal Names New President &amp; Chief Operating Officer</h3><p>ELMIRA, N.Y., July 8, 2015 (GLOBE NEWSWIRE) -- Chemung Canal Trust Company today announced that Anders M. Tomson has been named President and Chief Operating Officer of the bank. Ronald M. Bentley will continue to serve as the bank's Chief Executive Officer.</p><p re="">
	A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=34353</p><p>
	Tomson, 48, currently serves as the President of Capital Bank, a division of Chemung Canal Trust Company. He has served in that position since Chemung Canal acquired Capital Bank in April 2011.&#160;For the immediate future he will continue to serve as Division President.&#160;Chemung Canal's offices in Albany and Saratoga counties operate under the name Capital Bank.&#160;</p><p>
	"With more than two decades of leadership experience, Anders brings significant knowledge and insight to the position which will serve us well as we plan for future growth and opportunities that&#160;lie ahead," according to Bentley. "His leadership of our Capital Bank division has been a key factor in the recent growth of our bank," he added.</p><p>
	A graduate of Cornell University, he brings an extensive background in commercial and real estate lending to the bank. Prior to joining Chemung Canal, he served as Senior Vice President and Commercial Real Estate Division Executive for RBS Citizens Bank, Senior Vice President of the Community Preservation Corporation and Senior Vice President of Conley Realty Associates, Ltd.</p><p>
	Active within the community, Mr. Tomson currently serves as the Chairman of the Capital City Housing Corp, Chairman of the Visiting Nurses Association of Albany, a Director of the Community Preservation Corporation and a member of the Albany Medical Center Development Committee.</p><p>
	A lifelong resident of Albany County, Mr. Tomson currently resides in Slingerlands with his wife Mary Ellen and their two children.</p><p>
	At March 31, 2015 Chemung Financial Corporation (Nasdaq:CHMG), the holding company of Chemung Canal Trust Company, reported assets of $1.6 billion and total equity of $136.3 million.&#160;The bank's operations include 34 branch offices located in 11 New York counties and Bradford County, PA.&#160;Chemung Canal also features a full service Wealth Management Group that reported $2.0 billion in assets under management or administration at March 31<sup>st</sup>. The bank has 397 full time and part time employees.</p><p>
	Established in 1833, Chemung Canal Trust Company, a full service community bank with full trust powers, is the oldest, locally-owned and managed community bank in New York State. Chemung Financial Corporation is also the parent of CFS Group, Inc., a financial services subsidiary offering non-traditional services including mutual funds, annuities, brokerage services and insurance. CFS Group, Inc. was founded in 2001.</p><pre>CONTACT: Michael J. Wayne
         Senior Vice President
         (607) 737-3762
         mwayne@chemungcanal.com</pre></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
