secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MERCHANTS CORP (FRME)
CIK:        0000712534
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0000712534-24-000178
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve 2024 equity incentive and stock purchase plans
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- Shareholders approved 2024 Long-Term Equity Incentive Plan, authorizing 1,400,000 common shares.
- 2024 LTEIP replaces 2019 LTEIP; max 300,000 shares awarded per fiscal year.
- Shareholders approved 2024 Employee Stock Purchase Plan, effective July 1, 2024.
- Plans provide stock-based incentives and discounted stock purchases for employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712534/000071253424000178/0000712534-24-000178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712534/000071253424000178/frme-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000712534-24-000178

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