---
schema_version: "secwatch.filing_event.v1"
accession: "0000908834-24-000358"
form_type: "8-K"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:40:58.454260+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Horizon Bancorp adopts new Nonqualified Deferred Compensation Plan effective January 1, 2025

## Summary
- The plan amends and restates the existing 2005 Supplemental Executive Retirement Plan (SERP) and is effective January 1, 2025.
- Only certain management and highly compensated employees of Horizon and its affiliates are eligible to participate.
- Participants may defer up to 90% of base salary and 90% of performance-based bonus; the Compensation Committee may elect matching contributions.
- Horizon common shares (HBNC) will not be an investment alternative under the new deferred compensation plan.
- Vesting of employer discretionary contributions occurs over six years (0% at less than 1 year, 100% after 6 years), with full vesting at age 65, death, or disability.

## SEC filing metadata
- accession: 0000908834-24-000358
- form_type: 8-K
- ticker: HBNC
- cik: 0000706129
- company_name: HORIZON BANCORP INC /IN/
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706129/000090883424000358/0000908834-24-000358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000090883424000358/horizon_8k12172024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908834-24-000358
- JSON: https://secwatch.observer/filing/0000908834-24-000358.json
- Plain text: https://secwatch.observer/filing/0000908834-24-000358.txt

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