---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-25-000103"
form_type: "8-K/A"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:29:25.948035+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# 1st Source finalizes employment agreements for four top executives with base salaries from $400K-$750K

## Summary
- Chris Murphy III named Executive Chairman with $750K base salary from Jan 2026; 10,000 share stock award.
- Andrea Short as President/CEO with $650K base salary from Jan 2026; term to Dec 2030.
- Kevin Murphy as EVP/President of Bank with $450K base salary from Jan 2026; term to Dec 2028.
- Brett Bauer as EVP/CFO with $400K base salary from Jan 2026; term to Dec 2026.
- Executives receive severance of 6x monthly base salary plus 30-month installments (2.99x on change in control).

## SEC filing metadata
- accession: 0000034782-25-000103
- form_type: 8-K/A
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2025-09-29T23:59:59+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/34782/000003478225000103/0000034782-25-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478225000103/source-20250724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-25-000103
- JSON: https://secwatch.observer/filing/0000034782-25-000103.json
- Plain text: https://secwatch.observer/filing/0000034782-25-000103.txt

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