secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0000939057-23-000093
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banner Corp CFO Peter Conner to retire; Robert Butterfield named successor
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- Conner retiring as Banner Corp CFO effective Oct 10, 2023; as bank CFO effective April 10, 2023.
- Butterfield promoted to EVP and CFO of Banner Bank effective April 11, 2023; becomes company CFO Oct 11, 2023.
- Conner to serve as special advisor to CEO until April 10, 2024; receives $500K separation pay.
- Butterfield previously SVP and Chief Accounting Officer; 26 years financial services experience.
- Transition is part of succession planning; no disagreement over financial statements or disclosures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000093905723000093/0000939057-23-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000093905723000093/banr33123v2.htm
  HTML page:      https://secwatch.observer/filing/0000939057-23-000093

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