Finward Bancorp Files 8-K on Officer/Director Changes
Ticker: FNWD · Form: 8-K · Filed: Sep 5, 2024 · CIK: 919864
| Field | Detail |
|---|---|
| Company | Finward Bancorp (FNWD) |
| Form Type | 8-K |
| Filed Date | Sep 5, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $16 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
TL;DR
Finward Bancorp 8-K: Board and officer changes filed August 29, 2024.
AI Summary
Finward Bancorp filed an 8-K on August 29, 2024, reporting changes in its board of directors and certain officers, along with updates to compensatory arrangements. The filing also includes financial statements and exhibits. The company, formerly Northwest Indiana Bancorp, is incorporated in Indiana and headquartered in Munster.
Why It Matters
This filing provides insight into potential leadership shifts and executive compensation structures at Finward Bancorp, which could impact the company's strategic direction and investor confidence.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance and financial information, not indicating immediate financial distress or significant operational changes.
Key Numbers
- 001-40999 — SEC File Number (Identifies the company's filing with the SEC.)
- 35-1927981 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Finward Bancorp (company) — Registrant
- Northwest Indiana Bancorp (company) — Former company name
- August 29, 2024 (date) — Date of earliest event reported
- Indiana (location) — State of incorporation
- Munster (location) — Principal executive offices city
FAQ
What specific changes were made to the board of directors or certain officers?
The filing indicates "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers" as an item of disclosure, but the specific names and details of these changes are not provided in the excerpt.
What is the significance of the "Compensatory Arrangements of Certain Officers" mentioned?
This indicates that the filing includes information regarding the compensation plans or agreements for key executives, which can be important for understanding executive incentives and company expenses.
When was Finward Bancorp formerly known as Northwest Indiana Bancorp?
The date of the name change from Northwest Indiana Bancorp to Finward Bancorp was March 7, 1994.
What is the primary business of Finward Bancorp?
Finward Bancorp is classified under the Standard Industrial Classification code 6035, indicating it is a federally chartered savings institution.
What other items are included in this 8-K filing besides officer and director information?
The filing also includes "Financial Statements and Exhibits" as an item of disclosure.
Filing Stats: 2,100 words · 8 min read · ~7 pages · Grade level 11.1 · Accepted 2024-09-05 16:58:08
Key Financial Figures
- $16 billion — nd Chief Financial Officer of Mesirow's $16 billion hedge fund-of-fund business. Ms. Burke
Filing Documents
- finward_8k08292024.htm (8-K) — 40KB
- finward_08292024ex991.htm (EX-99.1) — 16KB
- 0000908834-24-000216.txt ( ) — 201KB
- fnwd-20240829.xsd (EX-101.SCH) — 4KB
- fnwd-20240829_lab.xml (EX-101.LAB) — 22KB
- fnwd-20240829_pre.xml (EX-101.PRE) — 16KB
- finward_8k08292024_htm.xml (XML) — 4KB
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 the Bancorp. For these statements, the Bancorp claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this report should be considered in conjunction with the other information available about the Bancorp, including the information in the filings the Bancorp makes with the 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 (" DF I"), 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 earnings growth changes in interest rate
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 99.1 Press Release dated September 5, 2024. 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: September 5, 2024 By: /s/ Benjamin J. Bochnowski Printed Name: Benjamin J. Bochnowski Title: President and Chief Executive Officer