---
schema_version: "secwatch.filing_event.v1"
accession: "0000908834-24-000349"
form_type: "8-K"
ticker: "FNWD"
cik: "0000919864"
company_name: "Finward Bancorp"
filed_at: "2024-11-27T23:59:59+00:00"
generated_at: "2026-05-29T17:24:41.707056+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Finward Bancorp promotes CFO Benjamin L. Schmitt to Executive Vice President; one-time bonus awarded

## Summary
- Benjamin L. Schmitt promoted from SVP to EVP, CFO and Treasurer of Finward Bancorp and Peoples Bank, effective Nov 22, 2024.
- Board awarded Schmitt a one-time cash bonus of $23,900 in connection with the promotion.
- No changes to base salary or other compensation arrangements as a result of the promotion.
- Schmitt joined Finward Bancorp in February 2024; prior roles include investment banking at Piper Sandler and Sandler O'Neill.

## SEC filing metadata
- accession: 0000908834-24-000349
- form_type: 8-K
- ticker: FNWD
- cik: 0000919864
- company_name: Finward Bancorp
- filed_at: 2024-11-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/919864/000090883424000349/0000908834-24-000349-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/919864/000090883424000349/finward_8k11222024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908834-24-000349
- JSON: https://secwatch.observer/filing/0000908834-24-000349.json
- Plain text: https://secwatch.observer/filing/0000908834-24-000349.txt

## Key facts
- Executive change
  Benjamin L. Schmitt changed role as Executive Vice President, Chief Financial Officer and Treasurer at Finward Bancorp.
  - Action: promoted
  - Role: Executive Vice President, Chief Financial Officer and Treasurer
  source text: promoted Benjamin L. Schmitt from Senior Vice President, Chief Financial Officer and Treasurer of the Bancorp and the Bank to Executive Vice President, Chief Financial Officer and Treasurer of the Bancorp and the Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/919864/000090883424000349/0000908834-24-000349-index.htm

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