{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-016172","form_type":"8-K","ticker":"BUSE","cik":"0000314489","company_name":"FIRST BUSEY CORP /NV/","filed_at":"2025-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.939530+00:00","generated_at":"2026-05-26T07:27:46.392114+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"First Busey CFO Jones departs; Scott Phillips named interim CFO","bullets":["CFO Jeffrey Jones separated Feb 18, 2025; no disagreement regarding financial reporting or CrossFirst acquisition.","Cash severance of $1,045,935 (one-year salary plus 2024 bonus), pro-rated 2025 bonus, COBRA, and $637,712 for RSU vesting.","Scott Phillips, CPA, named interim CFO; retains SVP Corporate Controller role and oversight of accounting, tax, SEC reporting.","Outstanding unvested equity forfeited except prorata 2020 RSUs; post-employment restrictive covenants remain."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-016172","json":"https://secwatch.observer/filing/0001104659-25-016172.json","markdown":"https://secwatch.observer/filing/0001104659-25-016172.md","text":"https://secwatch.observer/filing/0001104659-25-016172.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314489/000110465925016172/0001104659-25-016172-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314489/000110465925016172/tm257271d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T07:27:46.392114+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6ff6d20a58","claim":"Jeffrey D. Jones departed as Executive Vice President, Chief Financial Officer at FIRST BUSEY CORP /NV/.","evidence_excerpt":"On February 19, 2025, First Busey Corporation (the “Company”) entered into a Separation Agreement (the “Separation Agreement”) with Jeffrey D. Jones, the former Executive Vice President, Chief Financial Officer of the Company and Busey Bank, confirming the separation of Mr. Jones from his employment with the Company and its subsidiaries effective February 18, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925016172/0001104659-25-016172-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"separated"},{"label":"Role","value":"Executive Vice President, Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"826f072faa","claim":"Scott A. Phillips was appointed as Interim Chief Financial Officer at FIRST BUSEY CORP /NV/.","evidence_excerpt":"Effective February 18, 2025, the Board of Directors of the Company appointed Scott A. Phillips, CPA, as Interim Chief Financial Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925016172/0001104659-25-016172-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}