secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2023-08-28T23:59:59+00:00
Accession:  0000860413-23-000174
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Interstate appoints Lorrie Asker as Chief Banking Officer
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- Asker named EVP and Chief Banking Officer effective Aug 24, 2023; had served as interim CBO since Feb 2023.
- Base salary of $440,000; eligible for incentives, bonuses, and long-term equity awards.
- Employment agreement includes one-year initial term with automatic renewal; severance terms for change-in-control up to 2x base plus target bonus.
- Asker oversees retail and commercial banking across First Interstate's 14-state footprint.
- 30-year banking veteran; previously Rocky Mountain Regional President since 2019.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000174/0000860413-23-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000174/fibk-20230824.htm
  HTML page:      https://secwatch.observer/filing/0000860413-23-000174

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