Finward Bancorp Reports Officer Changes and Compensation Arrangements
Ticker: FNWD · Form: 8-K · Filed: Feb 21, 2024 · CIK: 919864
| Field | Detail |
|---|---|
| Company | Finward Bancorp (FNWD) |
| Form Type | 8-K |
| Filed Date | Feb 21, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $235,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Finward Bancorp just filed an 8-K about executive changes and pay, keep an eye on leadership shifts!**
AI Summary
Finward Bancorp filed an 8-K on February 21, 2024, reporting an event that occurred on February 15, 2024. The filing indicates information regarding the departure or election of directors or officers, as well as compensatory arrangements for certain officers. The company's business address is 9204 Columbia Avenue, Munster, Indiana, with a phone number of (219) 836-4400.
Why It Matters
Changes in executive leadership and compensation structures can signal shifts in company strategy or financial health, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty, but the specific details are not provided to assess the full impact.
Key Players & Entities
- Finward Bancorp (company) — Registrant
- February 15, 2024 (date) — Date of earliest event reported
- February 21, 2024 (date) — Filing date
- Indiana (location) — State of incorporation
- 9204 Columbia Avenue, Munster, Indiana, 46321 (location) — Principal executive offices address
- (219) 836-4400 (phone_number) — Registrant's telephone number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 15, 2024.
What is the full name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is Finward Bancorp.
What items of information are included in this 8-K filing?
This 8-K filing includes information on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers, and Financial Statements and Exhibits.
Where are Finward Bancorp's principal executive offices located?
Finward Bancorp's principal executive offices are located at 9204 Columbia Avenue, Munster, Indiana, 46321.
What is the Commission File Number for Finward Bancorp?
The Commission File Number for Finward Bancorp is 001-40999.
Filing Stats: 1,525 words · 6 min read · ~5 pages · Grade level 13.4 · Accepted 2024-02-21 16:31:16
Key Financial Figures
- $235,000 — t will receive an annual base salary of $235,000 and is employed on an at-will basis. Mr
Filing Documents
- d791737d8k.htm (8-K) — 34KB
- d791737dex991.htm (EX-99.1) — 11KB
- g791737dsp001.jpg (GRAPHIC) — 2KB
- g791737dsp5.jpg (GRAPHIC) — 17KB
- g791737dsp5a.jpg (GRAPHIC) — 15KB
- 0001193125-24-041512.txt ( ) — 217KB
- fnwd-20240215.xsd (EX-101.SCH) — 3KB
- fnwd-20240215_lab.xml (EX-101.LAB) — 17KB
- fnwd-20240215_pre.xml (EX-101.PRE) — 11KB
- d791737d8k_htm.xml (XML) — 3KB
Forward Looking Statements
Forward Looking Statements This Current Report on Form 8-K may contain forward-looking statements regarding the financial performance, business prospects, growth, and operating strategies of Finward. For these statements, Finward claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this communication should be considered in conjunction with the other information available about Finward, including the information in the filings Finward makes with the Securities and Exchange Commission (" SEC "). Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management's expectations and are subject to a number of risks and uncertainties. Forward-looking statements are typically identified by using words such as "anticipate," "estimate," "project," "intend," "plan," "believe," "will" and similar expressions in connection with any discussion of future operating or financial performance. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include: the Bank's ability to demonstrate compliance with the terms of the previously disclosed consent order and memorandum of understanding entered into between the Bank and the Federal Deposit Insurance Corporation (" FDIC ") and Indiana Department of Financial Institutions (" DFI "), or to demonstrate compliance to the satisfaction of the FDIC and/or DFI within prescribed time frames; the Bank's agreement under the memorandum of understanding to refrain from paying cash dividends without prior regulatory approval; changes in asset quality and credit risk; the inability to sustain revenue and ear
SIGNATURES
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 hereunto duly authorized. Finward Bancorp Date: February 21, 2024 By: /s/ Robert T. Lowry Printed Name: Robert T. Lowry Title: Executive Vice President, Chief Operating Officer