{"schema_version":"secwatch.filing_event.v1","accession":"0000714395-23-000012","form_type":"8-K","ticker":"GABC","cik":"0000714395","company_name":"GERMAN AMERICAN BANCORP, INC.","filed_at":"2023-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.846446+00:00","generated_at":"2026-06-18T13:48:17.700356+00:00","sec_items":["5.02"],"event_type":"other","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"German American Bancorp sets 2023 incentive plan with $78.8M net income trigger","bullets":["Short-term cash awards for CEO Dauby range from 37.5% to 87.5% of base salary based on performance level.","Long-term awards for CEO Dauby also range from 37.5% to 87.5% of base salary, tied to 3-year ROE, ROA, and EPS growth.","No incentive paid unless 2023 consolidated net income reaches at least $78.8 million.","Executive VP & Chief Banking Officer Randall Braun retiring April 1, 2023, not participating in 2023 plan.","Performance metrics include adjusted EPS growth (25%), efficiency ratio (10%), deposit growth (15%), loan growth (20%), and NPA ratio (10%)."],"urls":{"canonical":"https://secwatch.observer/filing/0000714395-23-000012","json":"https://secwatch.observer/filing/0000714395-23-000012.json","markdown":"https://secwatch.observer/filing/0000714395-23-000012.md","text":"https://secwatch.observer/filing/0000714395-23-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714395/000071439523000012/0000714395-23-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714395/000071439523000012/gabc-20230227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T13:48:17.700356+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":[{"claim_id":"a2f38e0c69","claim":"Randall L. Braun departed as Executive Vice President and Chief Banking Officer at GERMAN AMERICAN BANCORP, INC..","evidence_excerpt":"As previously reported, Randall L. Braun, the Company’s Executive Vice President and Chief Banking Officer, and a Named Executive Officer, will retire effective April 1, 2023 and, therefore, is not participating in the 2023 Management Incentive Plan.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/714395/000071439523000012/0000714395-23-000012-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Executive Vice President and Chief Banking Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}