Horizon Bancorp 8-K: Officer Compensation/Director Changes Reported
Ticker: HBNC · Form: 8-K · Filed: Jan 23, 2024 · CIK: 706129
| Field | Detail |
|---|---|
| Company | Horizon Bancorp INC /In/ (HBNC) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Horizon Bancorp filed an 8-K on Jan 23, 2024, reporting executive changes from Jan 19, 2024, which could impact future strategy.**
AI Summary
Horizon Bancorp, Inc. filed an 8-K on January 23, 2024, to report an event that occurred on January 19, 2024. This filing indicates a change in compensatory arrangements for certain officers, or a departure/election of directors/officers. While the specific details of the changes are not provided in this excerpt, investors should note that changes in executive compensation or leadership can signal shifts in company strategy or financial health, potentially impacting future stock performance.
Why It Matters
Changes in executive compensation or leadership can directly influence a company's strategic direction and financial performance, which in turn affects shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates changes in leadership or compensation, which can introduce uncertainty regarding future company performance and strategy.
Analyst Insight
Investors should monitor subsequent filings or company announcements for specific details regarding the executive changes or compensation adjustments to assess their potential impact on the company's future outlook.
Key Players & Entities
- HORIZON BANCORP INC /IN/ (company) — the registrant filing the 8-K
- January 19, 2024 (date) — date of the earliest event reported
- January 23, 2024 (date) — date the 8-K was filed
- HBNC (company) — trading symbol for Horizon Bancorp, Inc. common stock
- 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 by Horizon Bancorp, Inc. is to report an event concerning 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as per Item 5.02 of Form 8-K.
When did the event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 19, 2024.
What is the trading symbol and exchange for Horizon Bancorp, Inc.'s common stock?
The trading symbol for Horizon Bancorp, Inc.'s common stock is HBNC, and it is registered on The NASDAQ Stock Market, LLC.
What is the business address of Horizon Bancorp, Inc.?
The business address of Horizon Bancorp, Inc. is 515 Franklin Street, Michigan City, IN 46360.
What is the registrant's telephone number?
The registrant's telephone number is (219) 879-0211.
Filing Stats: 520 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-01-23 16:30:34
Filing Documents
- hbnc-20240119.htm (8-K) — 22KB
- 0000706129-24-000005.txt ( ) — 144KB
- hbnc-20240119.xsd (EX-101.SCH) — 2KB
- hbnc-20240119_lab.xml (EX-101.LAB) — 24KB
- hbnc-20240119_pre.xml (EX-101.PRE) — 12KB
- hbnc-20240119_htm.xml (XML) — 3KB
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 23, 2024 HORIZON BANCORP, INC. By: /s/ Mark E. Secor Mark E. Secor, Executive Vice President & Chief Financial Officer 3