---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-21-000116"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2021-08-04T23:59:59+00:00"
generated_at: "2026-06-29T22:50:10.485867+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000034782-21-000116
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2021-08-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34782/000003478221000116/0000034782-21-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478221000116/source-20210803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-21-000116
- JSON: https://secwatch.observer/filing/0000034782-21-000116.json
- Plain text: https://secwatch.observer/filing/0000034782-21-000116.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/34782/000003478221000116/0000034782-21-000116-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.