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Executive ChangeItem 5.02 · 8-KHIGH RiskNeutral

Tompkins Financial Corporation

A senior executive or director joined, left, or changed roles. An 8-K is the notice a US public company must file within four business days of a major event.

tompkinsfinancialcorporation.com
Filed: Nov 3, 2025IthacaCIK: 0001005817Financial Services
Full company profileView on SEC.gov

AI Executive Summary

AI-powered analysis of 8-K filing content

Tompkins Financial sold all outstanding stock of its wholly-owned subsidiary Tompkins Insurance Agencies (TIA) to an affiliate of Arthur J. Gallagher & Co. for $223 million, subject to customary adjustments. TIA's President and CEO, David S. Boyce, departed as part of the transaction, and his compensation arrangements were amended.

Key Takeaways

Tompkins agreed on October 31, 2025 to sell TIA, its insurance brokerage subsidiary owned since 2001, to Gallagher for a $223,000,000 purchase price subject to working capital, indebtedness, cash and

Gallagher's post-closing indemnification recourse against Tompkins is capped at $557,500, and the seller is supported by a buyer-side representations and warranties insurance policy.

3 more takeaways

Related Filings (13)

13 more filings from Tompkins Financial Corporation in the last 90 days

Filing Overview

Form Type8-K
Filing DateNov 3, 2025
Item5.02
CategoryExecutive Change
CIK0001005817
Accession #0001005817-25-000043
Risk LevelHIGH
SentimentNeutral
Signalinformational
Topics
divestitureexecutive departurematerial agreement

What This Means

A senior executive (CEO, CFO, etc.) has joined, departed, or changed roles. Leadership changes can significantly impact strategy.
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Tompkins Financial Corporation filed with the SEC. Fundz turns 8-K material events into an alert with the right executive attached.

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