secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0000860413-25-000015
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Interstate BancSystem announces CFO succession; Mutch to retire, Della Camera to succeed on June 1, 2025
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- Marcy D. Mutch to retire as CFO effective May 31, 2025; will serve as executive advisor through Dec 2025 and consultant through Dec 2026.
- David P. Della Camera, current Deputy CFO, appointed CFO effective June 1, 2025; also will be principal financial/accounting officer.
- Della Camera's compensation: $500k base salary, 70% STI target, 70% LTI target, per Compensation Committee.
- Mutch's transition agreement includes prorated incentive, base salary continuation through Transition Period, and $860k RSU grant for consulting period.
- Mutch served as CFO for over a decade, including during 2010 IPO; Della Camera joined in 2021 and has held senior finance roles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041325000015/0000860413-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041325000015/fibk-20250220.htm
  HTML page:      https://secwatch.observer/filing/0000860413-25-000015

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