Old National Bancorp Files 8-K on Operations, Officer Changes

TL;DR

**Old National Bancorp just dropped an 8-K on financials and exec changes, keep an eye on their performance and leadership.**

AI Summary

Old National Bancorp /IN/ filed an 8-K on January 23, 2024, reporting on its results of operations and financial condition, as well as changes in its board and officer compensatory arrangements. This filing indicates the company is providing an update on its financial performance and potentially significant changes in its leadership or how its executives are paid. For investors, this matters because it offers a snapshot of the company's health and strategic direction, which could influence future stock performance.

Why It Matters

This filing provides crucial updates on Old National Bancorp's financial health and any executive changes, which can directly impact investor confidence and the company's strategic direction.

Risk Assessment

Risk Level: medium — The filing mentions 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' which can introduce uncertainty or signal strategic shifts.

Analyst Insight

Investors should monitor Old National Bancorp's upcoming earnings reports for detailed financial performance and any subsequent filings for specifics on executive and board changes, as these could impact future stock valuation.

Key Numbers

• 2024-01-23 — Date of Report (The earliest event reported in the 8-K filing.)
• 001-15817 — SEC File Number (The unique identifier for Old National Bancorp's filings with the SEC.)
• 773-765-7675 — Registrant's telephone number (Contact number for Old National Bancorp.)

Key Players & Entities

• OLD NATIONAL BANCORP /IN/ (company) — the registrant filing the 8-K
• Indiana (location) — state of incorporation for Old National Bancorp
• One Main Street Evansville, Indiana 47708 (location) — principal executive offices of Old National Bancorp
• 001-15817 (other) — Commission File Number
• 35-1539838 (other) — IRS Employer Identification No.

Forward-Looking Statements

• Old National Bancorp will provide more detailed financial results in an upcoming earnings report. (OLD NATIONAL BANCORP /IN/) — high confidence, target: Q1 2024
• Changes in executive compensation or board structure will be further elaborated in future proxy statements. (OLD NATIONAL BANCORP /IN/) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• onb-20240123.htm (8-K) — 28KB
• onb_exhibit991er4q23.htm (EX-99.1) — 1118KB
• capture.jpg (GRAPHIC) — 14KB
• 0001628280-24-001890.txt ( ) — 1384KB
• onb-20240123.xsd (EX-101.SCH) — 2KB
• onb-20240123_def.xml (EX-101.DEF) — 7KB
• onb-20240123_lab.xml (EX-101.LAB) — 30KB
• onb-20240123_pre.xml (EX-101.PRE) — 18KB
• onb-20240123_htm.xml (XML) — 5KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On January 23, 2024, Old National Bancorp (the "Company") issued a press release ("Press Release") reporting its financial results for the fourth quarter and full year 2023. The Press Release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. A slide presentation outlining fourth quarter of 2023 earnings, strategic developments, and the Company's financial outlook will be available on the "Investor Relations" section of the Company's website to complement the conference call to be held on January 23, 2024, at 9:00 a.m. CDT and will be accessible at http://www.oldnational.com immediately before the conference call begins. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) Michael L. Scudder will retire as Executive Chairman and as a director of the Company as of January 31, 2024, and James C. Ryan, III will succeed to the position of Chairman of the Board of Directors, as contemplated by the Bylaws of the Company. Mr. Ryan will continue to serve as Chief Executive Officer of the Company as well as Chairman of the Board and Chief Executive Officer of Old National Bank, the Company's principal subsidiary.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued by Old National Bancorp on January 23, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 SIGNATURE 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 OLD NATIONAL BANCORP By: /s/ Brendon B. Falconer Brendon B. Falconer Senior Executive Vice President and Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR