{"schema_version":"secwatch.filing_event.v1","accession":"0000712534-25-000045","form_type":"8-K","ticker":"FRME","cik":"0000712534","company_name":"FIRST MERCHANTS CORP","filed_at":"2025-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.144363+00:00","generated_at":"2026-05-27T02:02:37.198164+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"First Merchants adopts 2025 SMICP; CEO target 80% base, max 160%","bullets":["CEO Hardwick target 80% of base salary at SMICP; max 160% if goals met/exceeded.","President Stewart and EVP/CFO Kawiecki each target 60% of base; max 120%.","EVP/CC Martin and EVP/CCO Peterson each target 50% of base; max 100%.","Performance for majority based on diluted GAAP operating EPS; Peterson 70% EPS + 30% Commercial line.","Payouts require employment at payment unless death/disability/retirement; subject to clawback."],"urls":{"canonical":"https://secwatch.observer/filing/0000712534-25-000045","json":"https://secwatch.observer/filing/0000712534-25-000045.json","markdown":"https://secwatch.observer/filing/0000712534-25-000045.md","text":"https://secwatch.observer/filing/0000712534-25-000045.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712534/000071253425000045/0000712534-25-000045-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712534/000071253425000045/frme-20250203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T02:02:37.198164+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}