ISABELLA BANK Corp Files 8-K on Officer/Director Changes
Ticker: ISBA · Form: 8-K · Filed: Apr 1, 2024 · CIK: 842517
| Field | Detail |
|---|---|
| Company | Isabella Bank Corp (ISBA) |
| Form Type | 8-K |
| Filed Date | Apr 1, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $800,000, $600,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
TL;DR
ISABELLA BANK Corp filed an 8-K detailing leadership and compensation changes.
AI Summary
ISABELLA BANK Corp filed an 8-K on April 1, 2024, reporting changes related to directors and officers, as well as compensatory arrangements. The filing covers events up to March 26, 2024, and includes financial statements and exhibits.
Why It Matters
This filing provides insight into potential leadership transitions or changes in executive compensation at ISABELLA BANK Corp, 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 compensation matters, not indicating immediate financial distress or significant operational shifts.
Key Numbers
- 000-18415 — SEC File Number (Identifies the specific SEC filing for ISABELLA BANK Corp.)
- 38-2830092 — IRS Employer Identification No. (Tax identification number for ISABELLA BANK Corp.)
Key Players & Entities
- ISABELLA BANK Corp (company) — Registrant
- Michigan (location) — State of incorporation
- Mt. Pleasant (location) — Principal executive offices city
FAQ
What specific changes were made regarding directors or officers?
The filing indicates items related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but the specific details are not provided in the header information.
When were the events reported in this 8-K dated?
The earliest event reported is dated March 26, 2024.
What is the primary business of ISABELLA BANK Corp?
ISABELLA BANK Corp is classified under 'STATE COMMERCIAL BANKS [6022]'.
Where is ISABELLA BANK Corp headquartered?
The principal executive offices are located at 401 North Main Street, Mt. Pleasant, Michigan, 48858.
What other information is included with this 8-K filing?
The filing also includes 'Financial Statements and Exhibits'.
Filing Stats: 918 words · 4 min read · ~3 pages · Grade level 10.3 · Accepted 2024-04-01 16:59:50
Key Financial Figures
- $800,000 — chwind is eligible for credits totaling $800,000. Under Mr. McDonnell's Participation Ag
- $600,000 — onnell is eligible for credits totaling $600,000. All Participant Agreements are subject
Filing Documents
- isba-20240326.htm (8-K) — 51KB
- isba_2024xclawbackpolicyxe.htm (EX-10.1) — 16KB
- isba_2024xsupplementalexec.htm (EX-10.2) — 152KB
- isba_2024xserpagreementxsc.htm (EX-10.3) — 57KB
- isba_2024xserpagreementxmc.htm (EX-10.4) — 53KB
- isba_2024xcashincentivepla.htm (EX-10.5) — 15KB
- isba_2024xrestrictedstockp.htm (EX-10.6) — 129KB
- isba_2024xschwindxrspaward.htm (EX-10.7) — 56KB
- isba_2024xmcdonnellxrspawa.htm (EX-10.8) — 56KB
- stockawardincentivepl_imaga.jpg (GRAPHIC) — 23KB
- 0000842517-24-000069.txt ( ) — 815KB
- isba-20240326.xsd (EX-101.SCH) — 2KB
- isba-20240326_lab.xml (EX-101.LAB) — 19KB
- isba-20240326_pre.xml (EX-101.PRE) — 11KB
- isba-20240326_htm.xml (XML) — 2KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Clawback Policy 10.2 Isabella Bank Corporation Supplemental Executive Retirement Plan 10.3 Participant Agreement for Jerome Schwind 10.4 Participant Agreement for Neil McDonnell 10.5 Isabella Bank Corporation Executive Cash Incentive Plan 10.6 Isabella Bank Corporation Restricted Stock Plan 10.7 Grant Agreement for Jerome Schwind 10.8 Grant Agreement for Neil McDonnell 104 Cover page interactive data file - the cover page XBRL tags are 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. ISABELLA BANK CORPORATION Dated: April 1, 2024 By: /s/ Jerome E. Schwind Jerome E. Schwind, President & CEO INDEX TO EXHIBITS Exhibit No. Description 10.1 Clawback Policy 10.2 Isabella Bank Corporation Supplemental Executive Retirement Plan 10.3 Participant Agreement for Jerome Schwind 10.4 Participant Agreement for Neil McDonnell 10.5 Isabella Bank Corporation Executive Cash Incentive Plan 10.6 Isabella Bank Corporation Restricted Stock Plan 10.7 Grant Agreement for Jerome Schwind 10.8 Grant Agreement for Neil McDonnell 104 Cover page interactive data file - the cover page XBRL tags are embedded within the inline XBRL document