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Executive Change

Filed Aug 21, 2020 · 5y ago · Accession 0001140361-20-018855

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: August 21, 2020 INDEPENDENT BANK CORPORATION (Exact name of registrant as specified in its charter) Michigan (State or other jurisdiction of incorporation) 0-7818 (Commission File Number) 38-2032782 (IRS Employer Identification No.) 4200 East Beltline Grand Rapids , Michigan (Address of principal executive office)   49525 (Zip Code) Registrant's telephone number, including area code: ( 616 ) 527-5820 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 (see General Instruction A.2. below): ☐ 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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, no par value IBCP NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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. ☐ Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Board of Directors of Independent Bank Corporation (the “Company”) elected Gavin A. Mohr as the Company’s Chief Financial Officer, effective as of September 14, 2020. Mr. Mohr will also serve as an Executive Vice President of the Company as well as its Treasurer and Secretary. Since April 2016, Mr. Mohr was the Chief Financial Officer of STAR Financial Bank, a $2.1 billion institution located in Fort Wayne, Indiana. Under the terms of Mr. Mohr’s employment with the Company, he will (a) be paid a base, annual salary of $280,000, (b) be entitled to participate in the Company’s Management Incentive Compensation Plan and Long-Term Incentive Plan, (c) be issued a restricted stock award of 3,000 shares, subject to cliff vesting after three years from the date of grant, (d) be paid a signing bonus of $35,000, one-half of which is payable upon inception of employment and the other one-half of which is payable during January of 2021, and (e) receive a Management Continuity Agreement with the same terms as provided to other executive officers of the Company. Mr. Mohr will succeed Robert Shuster, the Company’s interim Chief Financial Officer. Mr. Shuster will continue with the Company as Senior Financial Executive until approximately October 31, 2020, to assist in the transition. Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit 99.1    Press release issued August 21, 2020, announcing the hiring of Gavin A. Mohr. 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 thereunto duly authorized.       INDEPENDENT BANK CORPORATION       (Registrant)               Date August 21, 2020   By s/Robert N. Shuster         Robert N. Shuster, Principal Financial         Officer   2
Filing details
Ticker
IBCP
CIK
39311
Form type
8-K
Filing date
Aug 21, 2020
Report date
Aug 21, 2020
Document
brhc10014573_8k.htm
Size
285 KB