1st Source appoints Brett A. Bauer as CFO effective August 1, 2021

1ST SOURCE CORP

Brett A. Bauer appointed Senior Vice President and CFO of 1st Source Corp and 1st Source Bank, effective Aug 1, 2021.
Employment agreement: $250,000 base salary, 20% partnership rate in Executive Incentive Plan, benefits including club membership.
Initial term through Dec 31, 2021 with automatic one-year renewal unless either party gives notice by Sep 30.
Severance: if terminated without cause or for good reason (non-CIC), 6 months base salary lump sum plus 6 monthly payments.
Non-compete and non-solicit for 24 months; waived if termination without cause or for good reason.

item 5.02 item 9.01

Executive movements

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Appointed

Brett A. Bauer

Senior Vice President and Chief Financial Officer

SRCE · 1ST SOURCE CORP

Effective: 2021-08-01
Filed: August 4, 2021, 7:59 PM ET

On August 3, 2021, 1st Source Corporation (the “Company”) entered into an employment agreement, dated as of August 1, 2021 (the “Employment Agreement”), setting forth the terms under which Brett A. Bauer will assume the role as Senior Vice President and Chief Financial Officer of the Company and the Company’s subsidiary, 1st Source Bank.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brett A. Bauer was appointed as Senior Vice President and Chief Financial Officer at 1ST SOURCE CORP.

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On August 3, 2021, 1st Source Corporation (the “Company”) entered into an employment agreement, dated as of August 1, 2021 (the “Employment Agreement”), setting forth the terms under which Brett A. Bauer will assume the role as Senior Vice President and Chief Financial Officer of the Company and the Company’s subsidiary, 1st Source Bank.

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1ST SOURCE CORP filing history →

Source: SEC EDGAR

accession 0000034782-21-000116

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