secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0000860413-24-000106
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Interstate CEO Kevin P. Riley to retire; board initiates CEO search
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- President and CEO Kevin P. Riley retiring; will serve until successor appointed; search launched.
- Riley joined in 2013 as CFO, became CEO in 2015; grew bank from $7B to $30B across 14 states.
- Board Chair Stephen B. Bowman states 'position of strength'; retained global executive search firm.
- Compensation terms for Riley's transition and retirement not yet finalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041324000106/0000860413-24-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041324000106/fibk-20240614.htm
  HTML page:      https://secwatch.observer/filing/0000860413-24-000106

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