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    TrustCo Bank Corp NY filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits

    5/20/26 4:44:39 PM ET
    $TRST
    Major Banks
    Finance
    Get the next $TRST alert in real time by email
    false0000357301NYNY00003573012026-05-192026-05-19

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    FORM 8-K

    CURRENT REPORT
    Pursuant to Section 13 or 15(d) of the Securities Exchange Act Of 1934

    Date of report (date of earliest event reported): May 19, 2026

    TrustCo Bank Corp NY
    (Exact Name of Registrant as specified in its charter)

    NEW YORK
    0-10592
    14-1630287
    State or other jurisdiction of incorporation
    Commission File Number
    (IRS Employer Identification No.)
         
    5 SARNOWSKI DRIVE, GLENVILLE, NEW YORK
     
    12302
    (Address of principal executive offices)
     
    Zip Code

    (518) 377-3311
    (Registrant’s telephone number, including area code)

    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:

    ☐
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ☐
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ☐
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ☐
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

    Title of each class
    Trading Symbol(s)
    Name of each exchange on which registered
    Common Stock, $1.00 par value
    TRST
    Nasdaq Global Select Market

    Indicate by checkmark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Sec.230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Sec.240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by checkmark 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. ☐



    Item 5.02.
    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

    The Board of Directors (the “Board”) of TrustCo Bank Corp NY (“TrustCo” or the “Company”) adopted an amendment (the “Amendment”) to the TrustCo Bank Corp NY Amended and Restated 2019 Equity Incentive Plan (the “2019 Equity Incentive Plan”) on March 17, 2026, subject to shareholder approval at the Company’s 2026 Annual Meeting of Shareholders on May 19, 2026 (the “2026 Annual Meeting”). The Company’s shareholders approved the Amendment to the 2019 Equity Incentive Plan at the 2026 Annual Meeting, as described under Item 5.07 below. The Amendment increases the number of shares of the Company’s common stock available for issuance under the 2019 Equity Incentive Plan by 500,000, from 700,000 shares to 1,200,000 shares.

    A detailed description of the Amendment was set forth in Proposal 2 in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 1, 2026 (the “2026 Proxy Statement”), which description is incorporated herein by reference and is qualified in its entirety by reference to the full text of the 2019 Equity Incentive Plan and the Amendment, copies of which are attached as Exhibit 10(a) and Exhibit 10(b), respectively, to this Current Report on Form 8-K and incorporated herein by reference.

    Item 5.07.
    Submission of Matters to a Vote of Security Holders

    The Company held its 2026 Annual Meeting on May 19, 2026. At the 2026 Annual Meeting, of the 17,506,881 shares of common stock of the Company outstanding and entitled to vote, 15,057,848 shares were represented, constituting a quorum. The final results for each of the matters submitted to a vote of shareholders at the 2026 Annual Meeting are set forth below.

    Proposal 1 – Election of Directors. The shareholders elected each of the director nominees to serve a one-year term until the Company’s 2027 Annual Meeting of Shareholders and until a successor has been duly elected and qualified. The result of the vote taken at the 2026 Annual Meeting was as follows:

     
    For
     Against Abstain
    Percentage of
    Votes Cast For
    Broker
    Non-Votes
    Steffani Cotugno, DO
    12,447,632
    1,140,855
    34,587
    91.60%
    1,434.774
    Brian C. Flynn
    12,267,014
    1,324,504
    31,556
    90.25%
    1,434,774
    Lisa M. Lucarelli
    12,433,857
    1,156,857
    32,430
    91.48%
    1,434,774
    Thomas O. Maggs
    12,196,189
    1,395,064
    31,821
    89.73%
    1,434,774
    Anthony J. Marinello, MD, PhD
    12,204,224
    1,384,874
    33,976
    89.80%
    1,434,774
    Robert J. McCormick
    12,448,714
    1,143,242
    31,118
    91.58%
    1,434,774
    Curtis N. Powell
    12,270,209
    1,318,312
    34,553
    90.29%
    1,434,774
    Kimberly A. Russell
    12,443,707
    1,144,027
    35,340
    91.58%
    1,434,774
    Frank B. Silverman
    11,373,360
    2,216,155
    33,559
    83.69%
    1,434,774

    Proposal 2 – Approval of the Amendment to the 2019 Equity Incentive Plan, in order to increase the aggregate number of shares of common stock available for issuance under the 2019 Equity Incentive Plan, as disclosed in the 2026 Proxy Statement. The shareholders approved the Amendment to the 2019 Equity Incentive Plan. The result of the vote taken at the 2026 Annual Meeting was as follows:

     
    For
    Against
    Abstain
    Percentage of
    Votes Cast For
    Broker
    Non-Votes
    Approval of an amendment to the TrustCo Bank Corp NY Amended and Restated 2019 Equity Incentive Plan in order to increase the aggregate number of shares of common stock available for issuance under the plan.
    12,267,246
    1,310,701
    45,127
    90.34%
    1,434,774


    Proposal 3 – Advisory Vote on Executive Compensation. The shareholders adopted a resolution approving, on an advisory basis, the compensation paid to the Company’s named executive officers, as disclosed in the 2026 Proxy Statement in accordance with the compensation disclosure rules of the Securities and Exchange Commission. The result of the vote taken at the 2026 Annual Meeting was as follows:

     
    For
    Against
    Abstain
    Percentage of
    Votes Cast For
    Broker
    Non-Votes
    Approval of a Nonbinding Advisory Resolution on the Compensation of TrustCo’s Named Executive Officers
    12,336,045
    1,208,378
    78,651
    91.07%
    1,434,774

    Proposal 4 – Ratification of Appointment of Independent Registered Public Accounting Firm. The shareholders ratified the appointment of Crowe LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2026. The result of the vote taken at the 2026 Annual Meeting was as follows:

     
    For
    Against
    Abstain
    Percentage of
    Votes Cast For
    Ratification of the appointment of Crowe LLP as TrustCo’s  independent registered public accounting firm for 2026
    14,858,059
    186,014
    13,775
    98.76%


    Item 8.01.
    Other Events

    Attached as Exhibit 99(a) and incorporated by reference herein are the materials presented at the 2026 Annual Meeting held on May 19, 2026.

    Item 9.01.
    Financial Statements and Exhibits


    (d)
    Exhibits

    Exhibit No.
    Description of Exhibit

    10(a)
    TrustCo Bank Corp NY Amended and Restated 2019 Equity Incentive Plan.

    10(b)
    Amendment No. 1 to the TrustCo Bank Corp NY Amended and Restated 2019 Equity Incentive Plan.

    99(a)
    Presentation given at the 2026 Annual Meeting of Shareholders held on May 19, 2026.

    104
    Cover Page Interactive Data File (embedded within the Inline XBRL document).

    SIGNATURES

    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 thereunto duly authorized.

    Dated: May 20, 2026
         
     
    TRUSTCO BANK CORP NY
     
    (Registrant)
           
     
    By:
    /s/Michael M. Ozimek
     
       
    Michael M. Ozimek
     
       
    Executive Vice President and Chief Financial Officer



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