Finward Bancorp CFO Torabi resigns; COO Lowry named interim CFO

Finward Bancorp

EVP/CFO Peymon Torabi resigns effective Dec 31, 2023; no disagreement cited.
Receives $36,888.88 lump sum severance, $31,247.16 vacation payout, car purchase option.
Robert T. Lowry, EVP/COO since Oct 2020, appointed interim CFO/Treasurer effective Jan 1, 2024.
Lowry, 62, is a CPA with prior CFO experience; no compensation change for interim role.
Transition Agreement includes non-disclosure, non-disparagement, and 7-day revocation period.

item 5.02 item 9.01

Executive movements

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

Appointed (interim)

Robert T. Lowry

Interim Chief Financial Officer and Treasurer

FNWD · Finward Bancorp

Effective: 2024-01-01
Filed: December 7, 2023, 6:59 PM ET

on December 6, 2023, the Board of Directors (the “Board”) of the Bancorp and the Bank appointed Robert T. Lowry, the current Executive Vice President, Chief Operating Officer of the Bancorp and the Bank, to serve as the Bancorp’s and Bank’s interim Chief Financial Officer and Treasurer, effective as of January 1, 2024.

Departed

Peymon S. Torabi

Executive Vice President, Chief Financial Officer and Treasurer

FNWD · Finward Bancorp

Effective: 2023-12-31
Successor: Robert T. Lowry
Filed: December 7, 2023, 6:59 PM ET

On December 1, 2023, Peymon S. Torabi, the Executive Vice President, Chief Financial Officer and Treasurer of Finward Bancorp, an Indiana corporation (the “Bancorp”), and its Indiana-chartered commercial bank subsidiary Peoples Bank (the “Bank”), informed the Bancorp and the Bank of his intention to resign from his positions with the Bancorp and the Bank, effective as of December 31, 2023, to pursue other business opportunities.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert T. Lowry was appointed as Interim Chief Financial Officer and Treasurer at Finward Bancorp.

Action: appointed
Role: Interim Chief Financial Officer and Treasurer

Exact text from the filing

on December 6, 2023, the Board of Directors (the “Board”) of the Bancorp and the Bank appointed Robert T. Lowry, the current Executive Vice President, Chief Operating Officer of the Bancorp and the Bank, to serve as the Bancorp’s and Bank’s interim Chief Financial Officer and Treasurer, effective as of January 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peymon S. Torabi resigned as Executive Vice President, Chief Financial Officer and Treasurer at Finward Bancorp.

Action: resigned
Role: Executive Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

On December 1, 2023, Peymon S. Torabi, the Executive Vice President, Chief Financial Officer and Treasurer of Finward Bancorp, an Indiana corporation (the “Bancorp”), and its Indiana-chartered commercial bank subsidiary Peoples Bank (the “Bank”), informed the Bancorp and the Bank of his intention to resign from his positions with the Bancorp and the Bank, effective as of December 31, 2023, to pursue other business opportunities.

View on SEC.gov

Finward Bancorp filing history →

Source: SEC EDGAR

accession 0000908834-23-000175

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.