secwatch.observer — SEC 8-K summary
======================================

Issuer:     HILLS BANCORPORATION (HBIA)
CIK:        0000732417
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0000732417-25-000002
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Lisa Shileny becomes President and CEO of Hills Bancorporation effective Jan 1, 2025
--------------------------------------------------------------------------------

- Appointment effective January 1, 2025; previously announced on October 8, 2024.
- Base salary set at $500,000 per year; eligible for discretionary bonuses, equity awards, and ESOP contributions.
- Ms. Shileny has been with the company since 2005, most recently serving as President and COO.
- No family relationship with directors/executives; no reportable transactions over $120,000 except ordinary loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732417/000073241725000002/0000732417-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732417/000073241725000002/hbia-20250101.htm
  HTML page:      https://secwatch.observer/filing/0000732417-25-000002

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