Horizon Bancorp CFO transition and mortgage lending restructuring announced

HORIZON BANCORP INC /IN/

CFO Mark Secor to transition; will remain through April 30, 2024 until successor is appointed.
National search for new CFO has been initiated by the company.
Noe Najera, EVP Senior Retail & Mortgage Lending Officer, departs immediately as part of strategy shift.
Secor retention agreement includes stay bonus of $173,555 and 2024 cash bonus of $46,281.
Mortgage and consumer lending divisions restructured; teams will report to other internal leaders.

item 5.02 item 9.01

Executive movements

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

Departed

Mark E. Secor

Executive Vice President and Chief Financial Officer

HBNC · HORIZON BANCORP INC /IN/

Filed: November 7, 2023, 6:59 PM ET

The Company and Mark E. Secor have agreed that he will transition from his role as Executive Vice President and Chief Financial Officer ("CFO") of the Company and the Bank .

Departed

Noe S. Najera

Executive Vice President, Senior Retail & Mortgage Lending Officer

HBNC · HORIZON BANCORP INC /IN/

Effective: 2023-11-07
Filed: November 7, 2023, 6:59 PM ET

The Company also announced that as part of a previously disclosed strategy to shift resources to higher-yielding businesses, Noe S. Najera, Executive Vice President, Senior Retail & Mortgage Lending Officer of the Bank, will be departing the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark E. Secor changed role as Executive Vice President and Chief Financial Officer at HORIZON BANCORP INC /IN/.

Action: will transition
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

The Company and Mark E. Secor have agreed that he will transition from his role as Executive Vice President and Chief Financial Officer ("CFO") of the Company and the Bank .

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Noe S. Najera departed as Executive Vice President, Senior Retail & Mortgage Lending Officer at HORIZON BANCORP INC /IN/.

Action: will be departing
Role: Executive Vice President, Senior Retail & Mortgage Lending Officer

Exact text from the filing

The Company also announced that as part of a previously disclosed strategy to shift resources to higher-yielding businesses, Noe S. Najera, Executive Vice President, Senior Retail & Mortgage Lending Officer of the Bank, will be departing the Company, effective immediately.

View on SEC.gov

HORIZON BANCORP INC /IN/ filing history →

Source: SEC EDGAR

accession 0000908834-23-000141

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