secwatch.observer — SEC 8-K summary
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Issuer:     CASS INFORMATION SYSTEMS INC (CASS)
CIK:        0000708781
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000708781-23-000008
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cass Information Systems appoints Martin Resch as CEO effective April 18, 2023
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- Martin Resch appointed President and CEO, effective April 18, 2023; succeeds Eric Brunngraber (CEO since 2008).
- Eric Brunngraber to retire as CEO but remain as Executive Chairman and Chairman of Board.
- Resch's new base salary set at $650,000, target bonus 45% of base, LTIC target 125% of base.
- Brunngraber's compensation: base $562,000, target bonus 40% of base, LTIC target 100% of base.
- Resch, 57, joined Cass in Nov 2020 as EVP/COO, named President in Jan 2022; previously at Bank of the West.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/708781/000070878123000008/0000708781-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/708781/000070878123000008/cass-20230216.htm
  HTML page:      https://secwatch.observer/filing/0000708781-23-000008

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