Hawthorn Bancshares Names New CEO

TL;DR

Hawthorn Bancshares CEO Michael Bartley takes over, David Turner moves to Executive Chairman.

AI Summary

Hawthorn Bancshares, Inc. announced on September 3, 2024, the appointment of Michael L. Bartley as Chief Executive Officer, effective immediately. Bartley, who has been with the company since 2007 and served as President since 2017, will also join the Board of Directors. He succeeds David M. Turner, who will transition to Executive Chairman.

Why It Matters

This leadership change at Hawthorn Bancshares, Inc. could signal a new strategic direction for the company under its new CEO, Michael L. Bartley.

Risk Assessment

Risk Level: low — The filing details a planned leadership transition with an internal promotion, which is typically a low-risk event.

Key Players & Entities

• Hawthorn Bancshares, Inc. (company) — Registrant
• Michael L. Bartley (person) — Appointed CEO and Director
• David M. Turner (person) — Transitioning to Executive Chairman
• September 3, 2024 (date) — Effective date of appointment

FAQ

Key Financial Figures

• $1.00 — ange on which registered Common Stock, $1.00 par value HWBK The Nasdaq Stock Market

Filing Documents

• hwbk-20240903.htm (8-K) — 28KB
• directorexhibit991am9-3x24.htm (EX-99.1) — 8KB
• screenshot2024-09x03at1042a.jpg (GRAPHIC) — 23KB
• 0000893847-24-000018.txt ( ) — 196KB
• hwbk-20240903.xsd (EX-101.SCH) — 2KB
• hwbk-20240903_lab.xml (EX-101.LAB) — 22KB
• hwbk-20240903_pre.xml (EX-101.PRE) — 13KB
• hwbk-20240903_htm.xml (XML) — 3KB

01 Regulation FD

Item 7.01 Regulation FD. On September 3, 2024, the Company issued a press release announcing the matter disclosed above under Item 5.02. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information in Item 7.01 of this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No Description 99.1 Press release, dated September 3 , 2024, issued by Hawthorn Bancshares, Inc. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 3, 2024 Hawthorn Bancshares, Inc. By: /s/ Brent M. Giles Name: Brent M. Giles Title: C hief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR