---
schema_version: "secwatch.filing_event.v1"
accession: "0000714395-24-000020"
form_type: "8-K"
ticker: "GABC"
cik: "0000714395"
company_name: "GERMAN AMERICAN BANCORP, INC."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T02:07:18.817458+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# German American Bancorp sets 2024 incentive plan; EVP & CCO Leinenbach retiring Apr 1

## Summary
- Keith Leinenbach, EVP & Chief Credit Officer, will retire effective April 1, 2024.
- CEO Dauby's short-term award potential: 37.5% (good), 62.5% (very good), 87.5% (exceptional) of base salary.
- Short-term performance metrics: core EPS growth (25%), efficiency ratio (10%), organic deposit growth (15%), organic loan growth (20%), NPA ratio (10%).
- Long-term awards based on 3-year ROE, ROA, EPS growth; paid in restricted shares with 3-year graded vesting.
- No incentive awards payable if 2024 consolidated net income does not meet board-established trigger amount.

## SEC filing metadata
- accession: 0000714395-24-000020
- form_type: 8-K
- ticker: GABC
- cik: 0000714395
- company_name: GERMAN AMERICAN BANCORP, INC.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714395/000071439524000020/0000714395-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714395/000071439524000020/gabc-20240304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714395-24-000020
- JSON: https://secwatch.observer/filing/0000714395-24-000020.json
- Plain text: https://secwatch.observer/filing/0000714395-24-000020.txt

## Key facts
- Executive change
  Keith A. Leinenbach departed as Executive Vice President and Chief Credit Officer at GERMAN AMERICAN BANCORP, INC..
  - Action: retire
  - Role: Executive Vice President and Chief Credit Officer
  source text: Keith A. Leinenbach, the Company’s Executive Vice President and Chief Credit Officer, and a Named Executive Officer, will retire from such office effective April 1, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/714395/000071439524000020/0000714395-24-000020-index.htm

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