secwatch.observer — SEC 8-K summary
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Issuer:     Finward Bancorp (FNWD)
CIK:        0000919864
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0000908834-23-000175
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finward Bancorp CFO Torabi resigns; COO Lowry named interim CFO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919864/000090883423000175/0000908834-23-000175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919864/000090883423000175/8k_fnwd120123.htm
  HTML page:      https://secwatch.observer/filing/0000908834-23-000175

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