---
schema_version: "secwatch.filing_event.v1"
accession: "0000860413-25-000168"
form_type: "8-K"
ticker: "FIBK"
cik: "0000860413"
company_name: "FIRST INTERSTATE BANCSYSTEM INC"
filed_at: "2025-11-18T23:59:59+00:00"
generated_at: "2026-05-16T18:59:33.464519+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# First Interstate appoints sole CBO; Co-CBO Asker transitions to advisor

## Summary
- Lorrie Asker stepped down as Co-CBO on Nov 14, 2025; will serve as executive advisor to CEO through Q1 2026.
- Chris Shepler named sole Chief Banking Officer; entered employment agreement with $480,000 base salary.
- Shepler granted performance-based RSUs with $50,000 grant date value.
- Shepler's agreement includes severance: 1x salary plus avg bonus (non-cause), or 2x salary plus 2x target bonus (change in control).

## SEC filing metadata
- accession: 0000860413-25-000168
- form_type: 8-K
- ticker: FIBK
- cik: 0000860413
- company_name: FIRST INTERSTATE BANCSYSTEM INC
- filed_at: 2025-11-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/860413/000086041325000168/0000860413-25-000168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/860413/000086041325000168/fibk-20251114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000860413-25-000168
- JSON: https://secwatch.observer/filing/0000860413-25-000168.json
- Plain text: https://secwatch.observer/filing/0000860413-25-000168.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.