Chemung Financial Management
Management criteria checks 4/4
Chemung Financial's CEO is Anders Tomson, appointed in Dec 2016, has a tenure of 7.33 years. total yearly compensation is $1.28M, comprised of 51.1% salary and 48.9% bonuses, including company stock and options. directly owns 1.15% of the company’s shares, worth $2.35M. The average tenure of the management team and the board of directors is 6.9 years and 8.8 years respectively.
Key information
Anders Tomson
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 51.1% |
| CEO tenure | 7.3yrs |
| CEO ownership | 1.1% |
| Management average tenure | 6.9yrs |
| Board average tenure | 8.8yrs |
Recent management updates
Recent updates
Chemung Financial (NASDAQ:CHMG) Has Affirmed Its Dividend Of $0.31
Feb 25
Chemung Financial (NASDAQ:CHMG) Has Affirmed Its Dividend Of $0.31
Dec 13Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Nov 19Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of $0.31
Sep 03Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Aug 20Chemung Financial Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jul 24Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of $0.31
Jun 06Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
May 23Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Dec 09Chemung Financial's (NASDAQ:CHMG) Dividend Will Be $0.31
Sep 07Chemung Financial (NASDAQ:CHMG) Is Paying Out A Dividend Of $0.31
Aug 21Chemung Financial declares $0.31 dividend
Aug 17Chemung Financial GAAP EPS of $1.72, revenue of $24.7M
Jul 21Chemung Financial's (NASDAQ:CHMG) Dividend Will Be US$0.31
Jun 09Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of US$0.31
May 22Shareholders May Not Be So Generous With Chemung Financial Corporation's (NASDAQ:CHMG) CEO Compensation And Here's Why
Jun 02Is It Worth Buying Chemung Financial Corporation (NASDAQ:CHMG) For Its 2.4% Dividend Yield?
Apr 29Why You Might Be Interested In Chemung Financial Corporation (NASDAQ:CHMG) For Its Upcoming Dividend
Mar 12Does Chemung Financial (NASDAQ:CHMG) Deserve A Spot On Your Watchlist?
Mar 09What Kind Of Investors Own Most Of Chemung Financial Corporation (NASDAQ:CHMG)?
Feb 16
Is Chemung Financial Corporation (NASDAQ:CHMG) A Smart Pick For Income Investors?
Jan 21CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$25m |
| Dec 31 2023 | US$1m | US$655k | US$25m |
| Sep 30 2023 | n/a | n/a | US$29m |
| Jun 30 2023 | n/a | n/a | US$27m |
| Mar 31 2023 | n/a | n/a | US$29m |
| Dec 31 2022 | US$1m | US$600k | US$29m |
| Sep 30 2022 | n/a | n/a | US$28m |
| Jun 30 2022 | n/a | n/a | US$28m |
| Mar 31 2022 | n/a | n/a | US$27m |
| Dec 31 2021 | US$1m | US$518k | US$26m |
| Sep 30 2021 | n/a | n/a | US$25m |
| Jun 30 2021 | n/a | n/a | US$24m |
| Mar 31 2021 | n/a | n/a | US$23m |
| Dec 31 2020 | US$914k | US$480k | US$19m |
| Sep 30 2020 | n/a | n/a | US$18m |
| Jun 30 2020 | n/a | n/a | US$14m |
| Mar 31 2020 | n/a | n/a | US$14m |
| Dec 31 2019 | US$863k | US$460k | US$16m |
| Sep 30 2019 | n/a | n/a | US$17m |
| Jun 30 2019 | n/a | n/a | US$22m |
| Mar 31 2019 | n/a | n/a | US$20m |
| Dec 31 2018 | US$827k | US$417k | US$20m |
| Sep 30 2018 | n/a | n/a | US$12m |
| Jun 30 2018 | n/a | n/a | US$8m |
| Mar 31 2018 | n/a | n/a | US$9m |
| Dec 31 2017 | US$732k | US$375k | US$7m |
Compensation vs Market: Anders's total compensation ($USD1.28M) is about average for companies of similar size in the US market ($USD1.62M).
Compensation vs Earnings: Anders's compensation has been consistent with company performance over the past year.
CEO
Anders Tomson (56 yo)
7.3yrs
Tenure
US$1,283,098
Compensation
Mr. Anders M. Tomson serves as Director of Federal Home Loan Bank of New York. He has been the Chief Executive Officer and Director of Chemung Canal Trust Company and Chemung Financial Corporation since De...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.3yrs | US$1.28m | 1.15% $ 2.4m | |
| Executive VP | less than a year | US$560.52k | 0.083% $ 169.3k | |
| Executive VP & Chief Information Officer | 6.9yrs | US$485.79k | 0.24% $ 486.0k | |
| EVP, Chief Credit Officer & Chief Risk Officer | 4.7yrs | US$497.22k | 0.11% $ 234.9k | |
| President of Capital Bank Division | 6.3yrs | US$477.40k | 0.19% $ 390.2k | |
| VP & Corporate Secretary | no data | no data | no data | |
| Senior VP & Director of Marketing | no data | no data | no data | |
| VP, Director of HR & Chief Diversity Officer | no data | no data | no data | |
| Executive Vice President of Wealth Management Group at Chemung Canal Trust Company | 9.3yrs | US$315.34k | 0.47% $ 959.8k | |
| Senior Vice President of WMG Estate Administration | no data | no data | no data | |
| Executive Vice President of Retail Client | 8.3yrs | no data | 0.14% $ 290.6k | |
| Senior VP & WMG Regional Manager | no data | no data | no data |
6.9yrs
Average Tenure
55yo
Average Age
Experienced Management: CHMG's management team is seasoned and experienced (6.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.3yrs | US$1.28m | 1.15% $ 2.4m | |
| Independent Director | 17.1yrs | US$65.94k | 0.97% $ 2.0m | |
| Independent Chairman of the Board | 31.3yrs | US$91.08k | 8.08% $ 16.5m | |
| Independent Director | 29.3yrs | US$63.68k | 5.23% $ 10.7m | |
| Independent Director | 29.3yrs | US$61.09k | 0.45% $ 916.4k | |
| Independent Director | 3.3yrs | US$54.11k | 0.029% $ 59.6k | |
| Independent Director | 6.1yrs | US$67.45k | 0.16% $ 320.0k | |
| Independent Director | 6.1yrs | US$56.87k | 0.12% $ 235.5k | |
| Independent Director | 10.2yrs | US$62.09k | 0.16% $ 333.8k | |
| Independent Director | 10.2yrs | US$63.61k | 0.56% $ 1.1m | |
| Independent Director | 3.6yrs | US$59.61k | 0.29% $ 602.8k | |
| Independent Director | 6.1yrs | US$58.11k | 0.28% $ 580.8k |
8.8yrs
Average Tenure
68.5yo
Average Age
Experienced Board: CHMG's board of directors are considered experienced (8.8 years average tenure).