secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001104659-24-096949
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National appoints John Moran as CFO, succeeding Brendon Falconer effective Aug 31
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- John V. Moran IV named Senior EVP and CFO effective Aug 31, 2024; had served as interim CFO since Apr 1, 2024.
- Moran's compensation: $600k base salary, 80% target bonus, 75% LT equity award, and a $400k one-time RSU grant.
- Brendon Falconer's separation is mutual, not related to financial reporting; receives $2,645,552 cash severance.
- Falconer's outstanding RSUs and PSUs will vest pro-rata subject to performance; restrictive covenants remain in effect.
- Employment agreement and separation agreement filed as exhibits to the 8-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000110465924096949/0001104659-24-096949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000110465924096949/tm2423316d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-096949

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