Finward Bancorp Board Changes and Officer Appointments
Ticker: FNWD · Form: 8-K · Filed: Aug 13, 2024 · CIK: 919864
| Field | Detail |
|---|---|
| Company | Finward Bancorp (FNWD) |
| Form Type | 8-K |
| Filed Date | Aug 13, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-changes, officer-appointments
TL;DR
Finward Bancorp's board sees a shake-up: Reiss out, Kroll in, plus new officers and pay adjustments.
AI Summary
Finward Bancorp announced on August 7, 2024, a change in its board of directors. Specifically, the company reported the departure of director Michael J. Reiss and the appointment of new director, David J. Kroll. The filing also noted the election of new officers and adjustments to compensatory arrangements.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and does not indicate significant financial distress or strategic shifts that would pose immediate high risk.
Key Players & Entities
- Finward Bancorp (company) — Registrant
- Michael J. Reiss (person) — Departing Director
- David J. Kroll (person) — Appointed Director
- August 7, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from Finward Bancorp's board of directors?
Michael J. Reiss has departed from Finward Bancorp's board of directors.
Who has been appointed as a new director to Finward Bancorp's board?
David J. Kroll has been appointed as a new director to Finward Bancorp's board.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is August 7, 2024.
What other items are covered in this 8-K filing besides director changes?
This 8-K filing also covers the election of certain officers and compensatory arrangements of certain officers.
What is Finward Bancorp's principal executive office address?
Finward Bancorp's principal executive office is located at 9204 Columbia Avenue, Munster, Indiana 46321.
Filing Stats: 1,082 words · 4 min read · ~4 pages · Grade level 12.1 · Accepted 2024-08-13 16:10:21
Filing Documents
- finward_8k080724.htm (8-K) — 30KB
- 0000908834-24-000192.txt ( ) — 164KB
- fnwd-20240807.xsd (EX-101.SCH) — 4KB
- fnwd-20240807_lab.xml (EX-101.LAB) — 22KB
- fnwd-20240807_pre.xml (EX-101.PRE) — 16KB
- finward_8k080724_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are being furnished with this Current Report on Form 8-K. Exhibit No. Description 10.1 Finward Bancorp Executive Change in Control Severance Plan (incorporated herein by reference to Exhibit 10.1 of the Bancorp's Form 10-Q filed on October 29, 2019). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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: August 13, 2024 By: /s/ Benjamin J. Bochnowski Printed Name: Benjamin J. Bochnowski Title: President and Chief Executive Officer