8-KThe WireRed Alert
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.
Filing text
View original ↗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
- Company
- INDEPENDENT BANK CORP /MI/
- 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