---
schema_version: "secwatch.filing_event.v1"
accession: "0000714395-22-000016"
form_type: "8-K"
ticker: "GABC"
cik: "0000714395"
company_name: "GERMAN AMERICAN BANCORP, INC."
filed_at: "2022-03-11T23:59:59+00:00"
generated_at: "2026-06-26T23:43:39.503822+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# German American Bancorp adopts 2022 Management Incentive Plan for named executive officers

## Summary
- Short-term cash awards for CEO Dauby up to 87.5% of base salary based on performance levels (good, very good, exceptional).
- Long-term awards for executives Dauby, Rust, Braun, Leinenbach tied to 3-year metrics: ROE, ROA, EPS growth.
- Performance metrics include EPS growth (25%), efficiency ratio (10%), core deposit growth (15%), loan growth (20%), and non-performing assets ratio (10%).
- No awards payable unless 2022 consolidated net income reaches at least $60 million.
- Executive Chairman Mark Schroeder not participating due to planned retirement in May 2022.

## SEC filing metadata
- accession: 0000714395-22-000016
- form_type: 8-K
- ticker: GABC
- cik: 0000714395
- company_name: GERMAN AMERICAN BANCORP, INC.
- filed_at: 2022-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714395/000071439522000016/0000714395-22-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714395/000071439522000016/gabc-20220307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714395-22-000016
- JSON: https://secwatch.observer/filing/0000714395-22-000016.json
- Plain text: https://secwatch.observer/filing/0000714395-22-000016.txt

## Key facts
- Executive change
  Mark A. Schroeder departed as Executive Chairman at GERMAN AMERICAN BANCORP, INC..
  - Action: expected to retire
  - Role: Executive Chairman
  source text: Mark A. Schroeder, the Company’s Executive Chairman and a Named Executive Officer, is expected to retire as an executive officer of the Company in May 2022 and, therefore, is not participating in the 2022 Management Incentive Plan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/714395/000071439522000016/0000714395-22-000016-index.htm

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