---
schema_version: "secwatch.filing_event.v1"
accession: "0000842517-24-000140"
form_type: "8-K"
ticker: "ISBA"
cik: "0000842517"
company_name: "ISABELLA BANK CORP"
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:27:12.011162+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Isabella Bank Corp enters SERP and restricted stock agreements with CFO Schaefer

## Summary
- 21-year SERP with CFO Schaefer provides annual credits totaling $245,000, effective August 6, 2024.
- Restricted stock grant eligible for 25% of annual salary upon meeting 2024 performance goals.
- Participation agreement replaces default payment form with five annual installments upon separation.
- Agreements include clawback policy and restrictive covenants (non-compete, confidentiality).

## SEC filing metadata
- accession: 0000842517-24-000140
- form_type: 8-K
- ticker: ISBA
- cik: 0000842517
- company_name: ISABELLA BANK CORP
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842517/000084251724000140/0000842517-24-000140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842517/000084251724000140/isba-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000842517-24-000140
- JSON: https://secwatch.observer/filing/0000842517-24-000140.json
- Plain text: https://secwatch.observer/filing/0000842517-24-000140.txt

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