---
schema_version: "secwatch.filing_event.v1"
accession: "0000908834-23-000175"
form_type: "8-K"
ticker: "FNWD"
cik: "0000919864"
company_name: "Finward Bancorp"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:40:53.419594+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Finward Bancorp CFO Torabi resigns; COO Lowry named interim CFO

## Summary
- 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.

## SEC filing metadata
- accession: 0000908834-23-000175
- form_type: 8-K
- ticker: FNWD
- cik: 0000919864
- company_name: Finward Bancorp
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/919864/000090883423000175/0000908834-23-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/919864/000090883423000175/8k_fnwd120123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908834-23-000175
- JSON: https://secwatch.observer/filing/0000908834-23-000175.json
- Plain text: https://secwatch.observer/filing/0000908834-23-000175.txt

## Key facts
- Executive change
  Robert T. Lowry was appointed as Interim Chief Financial Officer and Treasurer at Finward Bancorp.
  - Action: appointed
  - Role: Interim Chief Financial Officer and Treasurer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/919864/000090883423000175/0000908834-23-000175-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/919864/000090883423000175/0000908834-23-000175-index.htm

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