Horizon Bancorp Files 8-K for 'Other Events' on Jan 8
Ticker: HBNC · Form: 8-K · Filed: Jan 16, 2024 · CIK: 706129
| Field | Detail |
|---|---|
| Company | Horizon Bancorp INC /In/ (HBNC) |
| Form Type | 8-K |
| Filed Date | Jan 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $300 million, $8 billion |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: other-events, regulatory-filing
TL;DR
**Horizon Bancorp filed a generic 8-K, no specific news here.**
AI Summary
Horizon Bancorp, Inc. filed an 8-K on January 16, 2024, reporting an event that occurred on January 8, 2024. This filing is a standard 'Other Events' report, indicating a disclosure that doesn't fit into other specific 8-K categories. For investors, this filing itself doesn't contain specific financial or operational news, meaning there's no immediate impact on the stock based solely on this document.
Why It Matters
This 8-K is a routine disclosure of an 'Other Event' and does not contain specific news that would directly impact Horizon Bancorp's stock price or investment thesis.
Risk Assessment
Risk Level: low — This filing is a standard 'Other Events' report and does not disclose any new risks or material information.
Analyst Insight
Given this 8-K is a generic 'Other Events' filing without specific details, a smart investor would not take any immediate action based solely on this document. It's important to monitor for subsequent filings or press releases that might provide context for this 'Other Event'.
Key Players & Entities
- HORIZON BANCORP, INC. (company) — the registrant filing the 8-K
- January 8, 2024 (date) — date of the earliest event reported
- January 16, 2024 (date) — date the 8-K was filed
- HBNC (company) — trading symbol for Horizon Bancorp, Inc.
- The NASDAQ Stock Market, LLC (company) — exchange where Horizon Bancorp's common stock is registered
FAQ
What is the purpose of this 8-K filing by Horizon Bancorp, Inc.?
This 8-K filing is categorized under 'Item Information: Other Events,' meaning it's a disclosure of an event that doesn't fit into the more specific categories of an 8-K, as reported on January 8, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 8, 2024.
What is the trading symbol for Horizon Bancorp, Inc.?
The trading symbol for Horizon Bancorp, Inc.'s common stock is HBNC, and it is registered on The NASDAQ Stock Market, LLC.
Where is Horizon Bancorp, Inc.'s principal executive office located?
Horizon Bancorp, Inc.'s principal executive office is located at 515 Franklin Street, Michigan City, IN 46360.
Is Horizon Bancorp, Inc. considered an 'emerging growth company' according to this filing?
No, the filing indicates with an unchecked box that Horizon Bancorp, Inc. is not an 'emerging growth company' as defined by Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 515 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-01-16 12:38:39
Key Financial Figures
- $300 million — ide the organization from approximately $300 million in assets with nine branches to nearly
- $8 billion — in assets with nine branches to nearly $8 billion in assets with over 70 locations in Ind
Filing Documents
- hbnc-20240108.htm (8-K) — 21KB
- 0000706129-24-000002.txt ( ) — 144KB
- hbnc-20240108.xsd (EX-101.SCH) — 2KB
- hbnc-20240108_lab.xml (EX-101.LAB) — 24KB
- hbnc-20240108_pre.xml (EX-101.PRE) — 12KB
- hbnc-20240108_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On January 8, 2024, Horizon Bancorp, Inc. (the "Company") was informed of the passing of Director Spero W. Valavanis. Mr. Valavanis served on Horizon Bancorp, Inc.'s Board of Directors since 2000 and on the Board of Directors of Horizon Bank, its wholly-owned subsidiary, since 1998. During his tenure as a Director, Spero helped guide the organization from approximately $300 million in assets with nine branches to nearly $8 billion in assets with over 70 locations in Indiana and Michigan. He most recently served on the Company's Asset-Liability Committee and Wealth Management Committee. Craig M. Dwight, Chairman of the Board of the Company for Mr. Valavanis' entire tenure, states, "Spero's commitment to the success of the Bank was unwavering, and the loss of his professional acumen and passion for knowledge will be felt by all who had the pleasure of knowing and working with him. We extend thoughts and condolences to his family and friends." 2
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. Date: January 16, 2024 HORIZON BANCORP, INC. By: /s/ Mark E. Secor Mark E. Secor, Executive Vice President & Chief Financial Officer 3