leadership
confidence high
sentiment neutral
materiality 0.30
First Interstate appoints former Old National Bancorp exec Michael Scudder to board
FIRST INTERSTATE BANCSYSTEM INC
- Appointed Michael L. Scudder as Class I director on Aug 13, 2025, filling a vacancy from board size increase.
- Scudder retired as Executive Chairman of Old National Bancorp; previously CEO/CFO of First Midwest Bancorp (38-year banking career).
- Board determined Scudder independent under NASDAQ rules; receives standard non-employee director compensation (RSUs).
- Board now has 13 members: 5 Class I, 4 Class II, 4 Class III directors.
- No related party transactions or arrangements exist for Scudder's appointment.
item 5.02item 9.01