leadership
confidence high
sentiment neutral
materiality 0.40
Horizon Bancorp eliminates CAO role; EVP Mark Secor to depart March 31
HORIZON BANCORP INC /IN/
- Chief Administration Officer position eliminated effective March 31, 2026.
- Mark E. Secor, EVP and CAO, departs to pursue other opportunities; no disagreement involved.
- Secor receives severance: 1 week pay per year of service (max 13 weeks) plus pro-rated 2026 bonus at target.
- Company expects to enter customary release and confidentiality agreement with Secor.
item 5.02