secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0000034782-21-000116
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478221000116/0000034782-21-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478221000116/source-20210803.htm
  HTML page:      https://secwatch.observer/filing/0000034782-21-000116

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