secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2025-09-03T23:59:59+00:00
Accession:  0000946673-25-000062
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banner Corp appoints Millicent Tracey to Board effective Sept 1, 2025
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- Millicent Tracey elected to Banner Corp and Banner Bank boards effective September 1, 2025.
- She will serve on Corporate Governance/Nominating and Risk Committees.
- Annual cash retainer of $55,000 plus RSUs with $65,000 grant date fair value (prorated).
- Tracey brings over 20 years fintech and payments experience, formerly SVP at Wells Fargo.
- Board size increased from 11 to 12 directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667325000062/0000946673-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667325000062/banr-20250829.htm
  HTML page:      https://secwatch.observer/filing/0000946673-25-000062

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