secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0000860413-25-000077
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

David P. Della Camera becomes CFO of First Interstate BancSystem effective June 1, 2025
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- Della Camera succeeds Marcy D. Mutch as EVP and CFO under a planned succession announced February 2025.
- Annual base salary of $500,000; eligible for annual incentive and equity compensation.
- Severance: 1x base plus avg. cash bonus if terminated without cause or for good reason; 2x base plus 2x target bonus following a change in control.
- Non-competition and non-solicitation restrictions extend 12 months (18 months after change in control).
- Mutch transitions to executive advisor through 2025 and consultant through December 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041325000077/0000860413-25-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041325000077/fibk-20250601.htm
  HTML page:      https://secwatch.observer/filing/0000860413-25-000077

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