First Internet Bancorp Announces 2024 Annual Meeting of Shareholders

Ticker: INBKZ · Form: DEF 14A · Filed: Mar 28, 2024 · CIK: 1562463

First Internet Bancorp DEF 14A Filing Summary
FieldDetail
CompanyFirst Internet Bancorp (INBKZ)
Form TypeDEF 14A
Filed DateMar 28, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$500 million
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Shareholder Vote, Virtual Meeting, First Internet Bancorp

TL;DR

<b>First Internet Bancorp is holding its 2024 Annual Meeting of Shareholders virtually on May 20, 2024, urging all shareholders to vote promptly.</b>

AI Summary

First Internet Bancorp (INBKZ) filed a Proxy Statement (DEF 14A) with the SEC on March 28, 2024. The 2024 Annual Meeting of Shareholders for First Internet Bancorp will be held virtually on May 20, 2024, at 1:00 p.m. Eastern Time. Shareholders can vote electronically on meeting business items and submit questions via www.virtualshareholdermeeting.com/INBK2024. Proxy materials are being furnished primarily over the Internet to expedite receipt, reduce costs, and minimize environmental impact. A Notice of Internet Availability of Proxy Materials will be mailed to shareholders on or about March 28, 2024. Shareholders are urged to vote promptly via telephone, Internet, or by mail if a paper copy is received.

Why It Matters

For investors and stakeholders tracking First Internet Bancorp, this filing contains several important signals. The virtual meeting format and e-proxy process aim to improve shareholder access to materials, lower company costs, and reduce environmental impact. Shareholder participation is crucial, with multiple convenient voting methods available, emphasizing the importance of casting votes before or during the meeting.

Risk Assessment

Risk Level: low — First Internet Bancorp shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial performance data or strategic shifts, indicating low immediate risk.

Analyst Insight

Shareholders should review the proxy materials and vote their shares for the upcoming annual meeting on May 20, 2024.

Key Numbers

Key Players & Entities

FAQ

When did First Internet Bancorp file this DEF 14A?

First Internet Bancorp filed this Proxy Statement (DEF 14A) with the SEC on March 28, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by First Internet Bancorp (INBKZ).

Where can I read the original DEF 14A filing from First Internet Bancorp?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by First Internet Bancorp.

What are the key takeaways from First Internet Bancorp's DEF 14A?

First Internet Bancorp filed this DEF 14A on March 28, 2024. Key takeaways: The 2024 Annual Meeting of Shareholders for First Internet Bancorp will be held virtually on May 20, 2024, at 1:00 p.m. Eastern Time.. Shareholders can vote electronically on meeting business items and submit questions via www.virtualshareholdermeeting.com/INBK2024.. Proxy materials are being furnished primarily over the Internet to expedite receipt, reduce costs, and minimize environmental impact..

Is First Internet Bancorp a risky investment based on this filing?

Based on this DEF 14A, First Internet Bancorp presents a relatively low-risk profile. The filing is a routine proxy statement (DEF 14A) and does not contain new financial performance data or strategic shifts, indicating low immediate risk.

What should investors do after reading First Internet Bancorp's DEF 14A?

Shareholders should review the proxy materials and vote their shares for the upcoming annual meeting on May 20, 2024. The overall sentiment from this filing is neutral.

How does First Internet Bancorp compare to its industry peers?

First Internet Bancorp operates as a commercial bank, subject to regulations governing financial institutions.

Are there regulatory concerns for First Internet Bancorp?

As a bank holding company, First Internet Bancorp is subject to oversight from federal and state banking regulators.

Risk Factors

Industry Context

First Internet Bancorp operates as a commercial bank, subject to regulations governing financial institutions.

Regulatory Implications

As a bank holding company, First Internet Bancorp is subject to oversight from federal and state banking regulators.

What Investors Should Do

  1. Review the proxy statement for details on proposals and voting procedures.
  2. Vote your shares electronically, by phone, or by mail by the meeting date.
  3. Attend the virtual meeting on May 20, 2024, to participate and ask questions.

Key Dates

Year-Over-Year Comparison

This filing is a DEF 14A proxy statement, providing information about the upcoming annual meeting, and does not contain comparative financial data from a previous filing.

Filing Stats: 4,768 words · 19 min read · ~16 pages · Grade level 12.4 · Accepted 2024-03-28 16:35:28

Key Financial Figures

Filing Documents

BUSINESS

BUSINESS 39 2024 ANNUAL MEETING i CAUTIONARY NOTE REGARDING FORWARD-LOOKING The statements included in this proxy statement, including in the section entitled "EXECUTIVE COMPENSATION—Compensation Discussion and Analysis—Business Highlights", regarding future financial performance, results of operations, expectations, plans, strategies, goals, priorities and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based upon current beliefs, expectations and assumptions and are subject to significant risks, uncertainties and changes in circumstances that could cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks, uncertainties and changes in circumstances that could cause actual results and events to differ materially from such forward-looking statements is included in the section titled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023. Readers of this proxy will prove to be accurate. We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. ii FIRST INTERNET BANCORP 8701 E. 116th Street, Fishers, Indiana 46038 (317) 532-7900 PROXY STATEMENT FOR 2024 Annual Meeting of Shareholders to be held at 1:00 p.m. Eastern Time on Monday, May 20, 2024 This proxy statement and the accompanying form of proxy are being furnished to the holders of common stock of First Internet Bancorp (the "Company," "we," "our," or "us") in connection with the solicitation of proxies by the Board of Directors (the "Board") for the 2024 Annual

SECURITY OWNERSHIP OF CERTAIN

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth information as of March 22, 2024, regarding beneficial ownership of our common stock held by each of our non-employee directors and director-nominees, each of our named executive officers, all current directors, director nominees and executive officers as a group, and all persons who are known to be beneficial owners of more than 5% of our common stock. Unless otherwise indicated below, the address of each beneficial owner listed in the table is the address of the company's principal executive offices and, to our knowledge, the persons and entities named in the table have sole voting and sole investment power with respect to all shares that they beneficially owned, subject to community property laws where applicable. NAME OF BENEFICIAL OWNER AMOUNT AND NATURE OF BENEFICIAL PERCENT OF OUTSTANDING SHARES Directors, nominees and named executive officers David B. Becker 398,686 (2) 4.6% Nicole S. Lorch 50,041 * Kenneth J. Lovik 39,380 * Aasif M. Bade 40,412 (3) * Justin P. Christian 35,577 (4) * Ann Colussi Dee 11,855 (5) * Joseph A. Fenech 9,055 (6) * John K. Keach, Jr. 32,862 (7) * Michele "Mel" Raines 0 * Jean L. Wojtowicz 61,573 (8) * All directors, nominees and current executive officers as a group (10 persons) 679,441 (9) 7.8% Dimensional Fund Advisors LP Building One 6300 Bee Cave Road Austin, TX 78746 429,382 (10) 5.0% * Less than one percent. (1) Unless otherwise indicated in the footnotes to this table, (a) the listed beneficial owner has sole voting power and investment power with respect to the number of shares shown, (b) no director or executive officer has pledged as security any shares shown as beneficially owned, and (c) deferred stock rights were issued under the Directors' Deferred Stock Rights Plan. Excludes fractional shares. (2) Includes 189,400 shares pledged as security for a pe

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