MICHAEL B. CLARKE - Corporate Board Profile

ARROW FINANCIAL CORP

Filing Date	Source Excerpt
2015-03-26	Michael B. Clarke, age 68, has been a Director since 2006...Chairman of the Audit Committee; Compensation Committee member...Director Compensation Table shows total compensation of $54,543.
2017-03-24	Michael B. Clarke, age 70, has been a Director of the Company and a Director of GFNB since 2006. He previously served as a Director of the Company and GFNB from the late 1980s until 1999, before temporarily relocating out of the area. Mr. Clarke has experience in the cement manufacturing industry. He served as President of Glens Falls Cement Company from 1985 to 1999, President and CEO of Lone Star Industries in Indiana from 1999 to 2004, and President of the Midwest Division of Buzzi Unicem, USA, from 2004 to 2005. Mr. Clarke has a bachelor27s degree from McGill University and an MBA from Harvard University. In addition to his executive experience at manufacturing companies, Mr. Clarke has a finance background and a longstanding historical knowledge of the Company.
2018-03-16	Michael B. Clarke, age 71, has been a Director of the Company and the lead subsidiary bank Glens Falls National Bank and Trust Company ("GFNB") since 2006... Mr. Clarke is Chair of the Audit Committee; he has served in this role since 2008... The Board has determined that Directors Clarke, Kruczlnicki, Miller, Read and Reisman, who constitute the Audit Committee, all meet the SEC’s more stringent independence requirements for Audit Committee members. The Board has also determined that Directors Behan, Clarke, Dake, Kruczlnicki and Owens, who constitute the Compensation Committee, all meet the independence requirements of NASDAQ® and the SEC for Compensation Committee members... 2017 Director Compensation Table shows Michael B. Clarke with total compensation of $60,135.
2019-03-29	Michael B. Clarke, age 72, has been a Director of the Company and GFNB since 2006. He previously served as a Director of the Company and GFNB from the late 1980s until 1999, before temporarily relocating out of the area.
2020-03-27	Michael B. Clarke, age 73, has been a Director of the Company and GFNB since 2006. He previously served as a Director of the Company and GFNB from the late 1980s until 1999, before temporarily relocating out of the area. Mr. Clarke has experience in the cement manufacturing industry. He served as President of Glens Falls Cement Company from 1985 to 1999, President and CEO of Lone Star Industries in Indiana from 1999 to 2004, and President of the Midwest Division of Buzzi Unicem, USA, from 2004 to 2005. Mr. Clarke has a bachelor’s degree from McGill University and an MBA from Harvard University. In addition to his executive experience at manufacturing companies, Mr. Clarke has a finance background and a longstanding historical knowledge of the Company. 2019 Director Compensation Total: $64,598.
2021-03-26	Michael B. Clarke, age 74, has been a Director of the Company and a Director of GFNB since 2006. ... A table showing the current members of each of the standing Committees follows: ... Michael B. Clarke - Audit Committee and Compensation Committee member ... 2020 Director Compensation Total: $41,040.
2022-03-25	Michael B. Clarke (e) 27,500 27,500 4,850 — — 59,850 (a)Represents the cash portion of Basic Annual Retainer and meeting fees relating to service on Boards and Committees. (b)Represents that portion of each listed Director’s total 2021 Directors’ fees that were paid in shares of Company stock, in accordance with the 2013 Directors’ Stock Plan. For purposes of determining the number of shares of the Company’s common stock distributable to these Directors, the shares are valued at the market price of the Company’s common stock on the date of distribution, in accordance with FASB ASC TOPIC 718. In 2021, the Directors received, as payment of that portion of their basic annual retainer fee regularly payable in such year in shares of Company stock and a quarterly distribution of shares at a per share price base on the closing price on the date of distribution. As of December 31, 2021, each non-employee Director held the following aggregate number of shares: Behan 4,409 shares, Casaccio 15,433 shares, Champion 2,838 shares, Clarke 14,500 shares, Dake 38,195 shares, Hoy 211,657 shares, Kruczlnicki 47,779 shares, Miller 29,245 shares, O'Conor 45,065 shares, Owens 10,946 shares and Read 14,855 shares.