Macatawa Bank CEO Ron Haan retiring Nov 1; Jon Swets named new CEO, Bryan Barker CFO

MACATAWA BANK CORP

Ronald L. Haan retires as President and CEO effective Nov 1, 2023; remains director until May 2024.
Jon W. Swets, previously SVP and CFO, appointed President and CEO and director effective Nov 1.
Bryan Barker appointed CFO; he was Accounting & Finance Senior Manager, VP.
Haan receives $1.1M transition payment over 12 months, consulting role through Nov 1, 2024, full vesting of restricted stock.
Barker enters Change in Control Agreement providing severance upon qualifying termination near a change in control.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Bryan Barker

Chief Financial Officer

MACATAWA BANK CORP

Effective: 2023-11-01
Filed: October 19, 2023, 7:59 PM ET

The Boards of Directors of the Company and Macatawa Bank appointed Bryan Barker as Chief Financial Officer of the Company and Macatawa Bank, effective November 1, 2023.

Role change

Jon W. Swets

President and Chief Executive Officer

MACATAWA BANK CORP

Effective: 2023-11-01
Filed: October 19, 2023, 7:59 PM ET

The Boards of Directors of the Company and Macatawa Bank appointed Jon W. Swets (age 58) as President and Chief Executive Officer and a Director of the Company and Macatawa Bank effective November 1, 2023.

Departed

Ronald L. Haan

President and Chief Executive Officer

MACATAWA BANK CORP

Effective: 2023-11-01
Successor: Jon W. Swets
Filed: October 19, 2023, 7:59 PM ET

Ronald L. Haan, President and Chief Executive Officer of Macatawa Bank Corporation (the “Company”) and Macatawa Bank (collectively, “Macatawa”), has announced his retirement effective November 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bryan Barker was appointed as Chief Financial Officer at MACATAWA BANK CORP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

The Boards of Directors of the Company and Macatawa Bank appointed Bryan Barker as Chief Financial Officer of the Company and Macatawa Bank, effective November 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jon W. Swets was appointed as President and Chief Executive Officer at MACATAWA BANK CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

The Boards of Directors of the Company and Macatawa Bank appointed Jon W. Swets (age 58) as President and Chief Executive Officer and a Director of the Company and Macatawa Bank effective November 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ronald L. Haan retired as President and Chief Executive Officer at MACATAWA BANK CORP.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

Ronald L. Haan, President and Chief Executive Officer of Macatawa Bank Corporation (the “Company”) and Macatawa Bank (collectively, “Macatawa”), has announced his retirement effective November 1, 2023.

View on SEC.gov

Source: SEC EDGAR

accession 0000905729-23-000148

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