<SEC-DOCUMENT>0001171843-18-001466.txt : 20180227
<SEC-HEADER>0001171843-18-001466.hdr.sgml : 20180227
<ACCEPTANCE-DATETIME>20180227080111
ACCESSION NUMBER:		0001171843-18-001466
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180221
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:		20180227
DATE AS OF CHANGE:		20180227

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:		18642972

	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>f8k_022718.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html><head><title></title></head><body><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;"><font style="font-size: 10pt;">&#160;</font></div></div><p style="text-align: center;"><font style="font-size: 14pt;"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong><br />_____________________</font></p><p style="text-transform: uppercase; text-align: center;"><font style="font-size: 14pt;"><strong>Form 8-K</strong><br />_____________________</font></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>CURRENT REPORT</strong></font></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</strong></font></p><p align="center"><font style="font-size: 10pt;">Date of Report (Date of earliest event Reported): <!--February 27, 2018-->February 27, 2018  (February 21, 2018) &#160;</font></p><p align="center"><font style="font-size: 12pt;"><strong>CHEMUNG FINANCIAL CORPORATION</strong></font><br /><font style="font-size: 10pt;">(Exact Name of Registrant as Specified in Charter)</font></p><table style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;"><strong>New York</strong></font></td><td align="center" width="34%"><font style="font-size: 10pt;"><strong>0-13888</strong></font></td><td align="center" width="33%"><font style="font-size: 10pt;"><strong>16-1237038</strong></font></td></tr><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;">(State or Other Jurisdiction of Incorporation)</font></td><td align="center" width="34%"><font style="font-size: 10pt;">(Commission File Number)</font></td><td align="center" width="33%"><font style="font-size: 10pt;">(I.R.S. Employer Identification Number)</font></td></tr></table><p><font style="font-size: 10pt;">&#160;</font></p><table style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="bottom"><td align="center" width="50%"><font style="font-size: 10pt;"><strong>One Chemung Canal Plaza, Elmira, NY 14901</strong><!----></font></td></tr><tr valign="top"><td align="center" width="50%"><font style="font-size: 10pt;">(Address of Principal Executive Offices) (Zip Code)</font></td></tr></table><p align="center"><font style="font-size: 10pt;"><strong>(607) 737-3711</strong><br />(Registrant's telephone number, including area code)</font></p><p align="center"><font style="font-size: 10pt;"><strong></strong><br />(Former name or former address, if changed since last report)</font></p><table style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td colspan="3"><font style="font-size: 10pt;">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 style="font-size: 10pt;">&#160;</font></td><td width="40"><font style="font-size: 10pt;">[  ]</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td></tr><tr valign="top"><td width="21"><font style="font-size: 10pt;">&#160;</font></td><td width="40"><font style="font-size: 10pt;">[  ]</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;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 style="font-size: 10pt;">&#160;</font></td><td width="40"><font style="font-size: 10pt;">[  ]</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;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 style="font-size: 10pt;">&#160;</font></td><td width="40"><font style="font-size: 10pt;">[  ]</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td></tr></table><p style="font-size: 10pt; margin: 0pt;">&#160;</p><p style="font-size: 10pt; margin: 0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule&#160;12b-2&#160;of the Securities Exchange Act of 1934 (17 CFR&#160;&sect;240.12b-2).&#160;Emerging growth company [&#160;&#160; ]</p><p style="font-size: 10pt; margin: 0pt;">&#160;</p><p style="font-size: 10pt; margin: 0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [&#160;&#160; ]</p><div style="margin-top: 12pt; margin-bottom: 3pt;"><div style="font-size: 1pt; border-top: Black 1.1pt solid; border-bottom: Black 2.5pt solid; width: 100%;"><font style="font-size: 10pt;">&#160;</font></div>&#160;</div><hr style="page-break-after: always;" noshade="noshade" /><p><font style="font-size: 10pt;">  <strong>  </strong></font></p><p><font style="font-size: 10pt;"><strong>Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</strong></font></p><p><font style="font-size: 10pt;">
 <p>(d) Effective February 21, 2018, the Board of Directors (&#8220;Directors&#8221;) of Chemung Financial Corporation (the &#8220;Corporation&#8221;) elected David M. Buicko, Denise V. Gonick and Jeffrey B. Streeter to serve as directors of both the Corporation and its wholly-owned bank subsidiary, Chemung Canal Trust Company (the &#8220;Bank&#8221;).&#160; Each new director&#8217;s compensation will be on the same terms as other Directors and in accordance with the provisions of the Chemung Financial Corporation Directors&#8217; Compensation Plan that includes: (i) an annual retainer, (ii) board meeting and committee fees, (iii) eligibility to participate in the Directors&#8217; Deferred Fee Plan and (iv) shares of the Corporation&#8217;s common stock.&#160; None of the new directors are party to any transaction with the Corporation or the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K.</p>  <p>Mr. Buicko, a former Certified Public Accountant, is President and Chief Executive Officer of the Galesi Group in Schenectady, New York.&#160; He has been appointed to the Audit Committee of the Corporation, and the Asset Liability and Loan Committees of the Bank.&#160;</p>  <p>Ms. Gonick, Esq., is President and Chief Executive Officer of MVP Health Care in Schenectady, New York.&#160; She has been appointed to the Enterprise Risk Committee of the Corporation and the Trust Committee of the Bank.</p>  <p>Mr. Streeter is President of Streeter Associates in Elmira, New York.&#160; He has been appointed to the Enterprise Risk Committee of the Corporation, and the Asset Liability and Trust Committees of the Bank.</p>  <p>A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K.</p> </font></p><p><font style="font-size: 10pt;"><strong>  </strong></font></p><p><font style="font-size: 10pt;"><strong>Item 9.01. Financial Statements and Exhibits.</strong></font></p><p><font style="font-size: 10pt;">
 <p align="justify" style="margin-left:0in; margin-right:0in;"><font style="font-weight: normal; font-size:10pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exhibits&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p> <table style="border-collapse:collapse !important;" style="border-collapse: collapse; "><tr><td style="text-align: justify ;  vertical-align: bottom; vertical-align: bottom ; "><u><font style="font-size:10pt;">Exhibit No.</font></u></td><td style="text-align: justify ;  vertical-align: bottom; vertical-align: bottom ; "><font style="font-weight:normal;font-size:10pt;">&#160;</font></td></tr><tr><td style="vertical-align: bottom ; "><font style="font-size:10pt;"><font style="font-size:10pt;"><font style="font-size:10pt;"><a href="exh_991.htm" rel="nofollow">99.1</a></font></font></font></td><td style="vertical-align: bottom ; "><font style="font-size:10pt;">Press Release of Chemung Financial Corporation dated February 27, 2018.</font></td></tr></table></font></p><p><font style="font-size: 10pt;"></font></p><p><font style="font-size: 10pt;"></font></p><hr style="page-break-after: always;" noshade="noshade" /><p align="center"><font style="font-size: 10pt;"><strong>SIGNATURE</strong></font></p><p><font style="font-size: 10pt;">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 style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td valign="top" width="49%"><font style="font-size: 10pt;">&#160;</font></td><td style="font-size: 12pt;" colspan="2" valign="top"><font style="font-size: 10pt;"><strong>CHEMUNG FINANCIAL CORPORATION</strong></font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;">&#160;</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;"></font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">Date: February 27, 2018</font></td><td width="2%"><font style="font-size: 10pt;">By:&#160;</font></td><td style="text-decoration: underline;" width="49%"><font style="font-size: 10pt;">/s/ Karl F. Krebs&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;">Karl F. Krebs</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;">Chief Financial Officer and Treasurer</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;"></font></td></tr></table><p /></body></html>
</TEXT>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252" ><meta name="GENERATOR" content="MSHTML 8.00.7601.18094" ></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><strong>Chemung Financial Corporation Elects Three New Board Members</strong></p><p style="text-align: center;" ></p><p>
 <p>ELMIRA, N.Y., Feb.  27, 2018  (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) today announced that the Board of Directors elected three new individuals to its Board. Each individual will stand for shareholder election at the May 2018 Annual Shareholders&#8217; Meeting. All Directors of Chemung Financial Corporation also serve on the Board of its principal subsidiary, Chemung Canal Trust Company.<br ></p>  <p align="justify">Joining the Board are:&#160; David M. Buicko, of Guilderland, New York, President &amp; Chief Executive Officer of the Galesi Group; Denise V. Gonick, Esq., of Albany, New York, President &amp; Chief Executive Officer of MVP Health Care; and Jeffrey B. Streeter, of Elmira, New York, President of Streeter Associates.</p>  <p align="justify">&#8220;We&#8217;re very excited to welcome Dave, Denise and Jeff to our Board,&#8221; said Anders M. Tomson, President &amp; Chief Executive Officer of Chemung Financial Corporation and Chemung Canal Trust Company.&#160; &#8220;Each are very impactful individuals within their companies as well as significant community leaders throughout our footprint. I look forward to the wise counsel they will provide as we continue to grow the size, scope and impact of our organization,&#8221; Tomson added. </p>  <p align="justify">Mr. Buicko, a former Certified Public Accountant, has served in a variety of roles within the Galesi Group, since joining the company in 1982, including: Chief Financial Officer and Chief Operating Officer.&#160; In 2016 he was elected President &amp; Chief Executive Officer. He is responsible for the day-to-day operations of all the company&#8217;s divisions, which includes 12 million square feet of office and industrial real estate and more than 11,000 apartment units.&#160; He also serves as President of Distribution Unlimited, Inc., one of the largest third-party logistics companies in the Northeast and is Chairman of the Board of Directors of Green Earth Technologies, a publicly traded company. &#160;A graduate of Siena College, Mr. Buicko is a Director and Past Chairman of the Center for Economic Growth and in 2013 was appointed by Governor Cuomo to serve on the Capital District&#8217;s Regional Economic Development Council.&#160; </p>  <p align="justify">During her 22-year tenure at MVP Health Care, Ms. Gonick built the organization&#8217;s in-house legal and compliance departments, was promoted to General Counsel, Chief Administrative Officer, and became President of Operations.&#160; In 2012, she became President &amp; CEO. &#160;She was responsible for initiating and completing two major acquisitions and led the transformation of MVP into a diversified health care company serving 700,000 members in New York and Vermont. Ms. Gonick is the immediate past chair of the Board of Directors of the Capital Region Chamber of Commerce and continues to serve on its executive and finance committees.&#160; She also serves on the boards of the Business Council of New York State, the Center for Economic Growth and Proctors Theatre.&#160; Additionally, she has been a member of the Capital Bank Advisory Board.</p>  <p align="justify">Mr. Streeter is a graduate of St. Lawrence University and Penn State University and joined Streeter Associates in 1995.&#160; In 2002, he was named President and currently serves as the third generation of the family to lead the nearly seventy year old company, that specializes in general contracting, construction management, design build and construction management services, with a portfolio of completed projects for clients within the education, healthcare, manufacturing, municipal, commercial &amp; retail, and sports &amp; entertainment industries. Mr. Streeter currently serves on the Boards of: Southern Tier Economic Growth (STEG), Arnot Health, the Arctic League, the Chemung County Chamber of Commerce and the Associated General Contractors of New York State Building Board of Governors.&#160; He is a Past President and former Board Member of the Chemung County YMCA. </p>  <p align="justify">Chemung Financial Corporation is a $1.7 billion financial services holding company headquartered in Elmira, New York, operating 34 retail offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers.&#160; Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State.&#160; 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, tax preparation services and insurance, and Chemung Risk Management, Inc., a captive insurance company based in the State of Nevada.</p>  <p align="justify">This press release may be found at www.chemungcanal.com&#160;and www.capitalbank.com.</p>  <p align="justify"><u> Contact</u>:<br >Michael J. Wayne<br >Senior Vice President<br >(607) 737-3762<br >mwayne@chemungcanal.com</p> </p><p ></p></body></html>
</TEXT>
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