secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2025-09-26T23:59:59+00:00
Accession:  0000314489-25-000302
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Busey appoints Christopher H.M. Chan as CFO effective Sept 30, 2025
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- Chan previously EVP and Chief Strategy Officer at F.N.B. Corporation; replaces interim CFO Scott Phillips who remains CAO.
- Employment agreement: $600K base salary, $500K signing bonus, $400K relocation bonus, equity grants ($500K RSUs in 2025, $600K in 2026).
- COO Amy Randolph receives $540K relocation bonus to move to Leawood, Kansas.
- Chan's agreement includes one-year term with auto-renewal, severance provisions, non-compete, non-solicitation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000031448925000302/0000314489-25-000302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000031448925000302/buse-20250924.htm
  HTML page:      https://secwatch.observer/filing/0000314489-25-000302

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer