Form 8-K GERMAN AMERICAN BANCORP, For: May 22
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
______________________
Date of Report (Date of earliest event reported): May 22, 2022
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
| (Commission File Number) | (IRS Employer Identification No.) | |||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||
Registrant’s telephone number, including area code: (812 ) 482-1314
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[☐ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[☐ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[☐ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[☐ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [☐ ]
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective May 22, 2022, Mark A. Schroeder, Executive Chairman of German American Bancorp, Inc. (the “Company”), retired as an executive officer of the Company. Mr. Schroeder, a named executive officer for the Company’s 2021 fiscal year, will continue to serve as Chairman of the Company’s Board of Directors (the “Board”) until the completion of his current term, which is scheduled to expire at the Company’s 2023 Annual Meeting of Shareholders. Upon the recommendation of the Board’s Compensation/Human Resources Committee, the Board accelerated vesting of (i) 17,266 shares of restricted stock held by Mr. Schroeder that otherwise would have vested at various dates ending on March 15, 2025, and (ii) $131,063 in cash incentive awards held by Mr. Schroeder that otherwise would have vested at various dates ending on March 15, 2023.
* * * * *
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: May 25, 2022 | By: | GERMAN AMERICAN BANCORP, INC. /s/ D. Neil Dauby | ||||||
| D. Neil Dauby, President and Chief Executive Officer | ||||||||
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