---
schema_version: "secwatch.filing_event.v1"
accession: "0000893847-23-000012"
form_type: "8-K"
ticker: "HWBK"
cik: "0000893847"
company_name: "HAWTHORN BANCSHARES, INC."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:44:45.350016+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hawthorn Bancshares names Brent Giles CEO and Gregg Bexten President effective May 1, 2023

## Summary
- Brent Giles appointed CEO of Hawthorn Bancshares and Hawthorn Bank, effective May 1, 2023.
- Gregg Bexten named President; current CEO David Turner becomes Executive Chairman.
- Giles' employment agreement provides $450k base salary, annual bonus up to 52%, and 2x salary severance.
- Giles previously CEO of Bank of Blue Valley; Bexten has 30+ years with Hawthorn Bank.

## SEC filing metadata
- accession: 0000893847-23-000012
- form_type: 8-K
- ticker: HWBK
- cik: 0000893847
- company_name: HAWTHORN BANCSHARES, INC.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893847/000089384723000012/0000893847-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893847/000089384723000012/hwbk-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893847-23-000012
- JSON: https://secwatch.observer/filing/0000893847-23-000012.json
- Plain text: https://secwatch.observer/filing/0000893847-23-000012.txt

## Key facts
- Executive change
  Brent Giles was appointed as Chief Executive Officer at HAWTHORN BANCSHARES, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: appointed Brent Giles to serve as Chief Executive Officer of the Company and the Bank, each effective May 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/893847/000089384723000012/0000893847-23-000012-index.htm
- Executive change
  Gregg Bexten was appointed as President at HAWTHORN BANCSHARES, INC..
  - Action: appointed
  - Role: President
  source text: appointed Gregg Bexten, the current Regional President of the Bank's Central Region, to serve as President of the Company and the Bank, each effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893847/000089384723000012/0000893847-23-000012-index.htm
- Executive change
  David Turner changed role as Executive Chairman at HAWTHORN BANCSHARES, INC..
  - Action: will remain
  - Role: Executive Chairman
  source text: David Turner, current Chairman, President and Chief Executive Officer of the Company and the Bank, will remain with the Company and the Bank as Executive Chairman of the boards of both companies, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893847/000089384723000012/0000893847-23-000012-index.htm
- Executive change
  Brent Giles was appointed as Class II Director at HAWTHORN BANCSHARES, INC..
  - Action: appointed
  - Role: Class II Director
  source text: He will also be appointed as a Class II director on the Company's Board and as a member of the Bank's board of directors effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893847/000089384723000012/0000893847-23-000012-index.htm

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