---
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"
generated_at: "2026-05-26T07:27:46.392114+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First Busey CFO Jones departs; Scott Phillips named interim CFO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-016172
- JSON: https://secwatch.observer/filing/0001104659-25-016172.json
- Plain text: https://secwatch.observer/filing/0001104659-25-016172.txt

## Key facts
- Executive change
  Jeffrey D. Jones departed as Executive Vice President, Chief Financial Officer at FIRST BUSEY CORP /NV/.
  - Action: separated
  - Role: Executive Vice President, Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/314489/000110465925016172/0001104659-25-016172-index.htm
- Executive change
  Scott A. Phillips was appointed as Interim Chief Financial Officer at FIRST BUSEY CORP /NV/.
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/314489/000110465925016172/0001104659-25-016172-index.htm

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