secwatch.observer — SEC 8-K summary
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Issuer:     HAWTHORN BANCSHARES, INC. (HWBK)
CIK:        0000893847
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000893847-23-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893847/000089384723000012/0000893847-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893847/000089384723000012/hwbk-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000893847-23-000012

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