secwatch.observer — SEC 8-K summary
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Issuer:     GERMAN AMERICAN BANCORP, INC. (GABC)
CIK:        0000714395
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0000714395-24-000020
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714395/000071439524000020/0000714395-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714395/000071439524000020/gabc-20240304.htm
  HTML page:      https://secwatch.observer/filing/0000714395-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer