---
schema_version: "secwatch.filing_event.v1"
accession: "0000706129-23-000088"
form_type: "8-K"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:40:55.737042+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Horizon Bancorp appoints Thomas Prame CEO effective June 1; enhances severance terms

## Summary
- Thomas Prame becomes CEO of Horizon Bancorp and Horizon Bank effective June 1, 2023; also joins Board.
- Annual base salary increased to $600,000 from $550,000 under amended employment agreement.
- Severance improved to 2x salary plus 2x average bonus (up from 1x); health coverage extended to 2 years (from 1).
- Change-in-control severance enhanced to 2.99x salary and bonus (up from 2x); health benefits extended to 35 months (from 24).
- Craig Dwight steps down as CEO effective June 1, 2023; retires as employee July 3, 2023; remains Chairman.

## SEC filing metadata
- accession: 0000706129-23-000088
- form_type: 8-K
- ticker: HBNC
- cik: 0000706129
- company_name: HORIZON BANCORP INC /IN/
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706129/000070612923000088/0000706129-23-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000070612923000088/hbnc-20230518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-23-000088
- JSON: https://secwatch.observer/filing/0000706129-23-000088.json
- Plain text: https://secwatch.observer/filing/0000706129-23-000088.txt

## Key facts
- Executive change
  Thomas M. Prame was appointed as Chief Executive Officer at HORIZON BANCORP INC /IN/.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Board of Directors of Horizon Bancorp, Inc. (“Horizon” or the “Company”) approved the appointment of Mr. Thomas M. Prame to serve as the Chief Executive Officer of both Horizon and its wholly-owned bank subsidiary, Horizon Bank (the “Bank”), effective as of June 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706129/000070612923000088/0000706129-23-000088-index.htm
- Executive change
  Craig M. Dwight departed as Chief Executive Officer at HORIZON BANCORP INC /IN/.
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: Craig M. Dwight, our current CEO, will step down as CEO of Horizon and the Bank, effective as of June 1, 2023, and will retire as an employee from Horizon and the Bank, effective as of July 3, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706129/000070612923000088/0000706129-23-000088-index.htm

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