---
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"
generated_at: "2026-06-18T13:48:17.700356+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# German American Bancorp sets 2023 incentive plan with $78.8M net income trigger

## Summary
- 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%).

## SEC filing metadata
- 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
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714395-23-000012
- JSON: https://secwatch.observer/filing/0000714395-23-000012.json
- Plain text: https://secwatch.observer/filing/0000714395-23-000012.txt

## Key facts
- Executive change
  Randall L. Braun departed as Executive Vice President and Chief Banking Officer at GERMAN AMERICAN BANCORP, INC..
  - Action: retire
  - Role: Executive Vice President and Chief Banking Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/714395/000071439523000012/0000714395-23-000012-index.htm

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