secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2025-11-18T23:59:59+00:00
Accession:  0000860413-25-000168
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041325000168/0000860413-25-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041325000168/fibk-20251114.htm
  HTML page:      https://secwatch.observer/filing/0000860413-25-000168

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