{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-019504","form_type":"8-K","ticker":"BUSE","cik":"0000314489","company_name":"FIRST BUSEY CORP /NV/","filed_at":"2025-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.939727+00:00","generated_at":"2026-05-25T22:10:56.759264+00:00","sec_items":["2.01","3.03","5.02","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Busey completes acquisition of CrossFirst Bankshares, effective March 1, 2025","bullets":["CrossFirst shareholders received 0.6675 Busey shares per share; Busey authorized shares increased to 200M.","Board expanded to 13: eight Busey designees, five CrossFirst designees; Samuel Banks, Barr, Lykins, Sanford resigned.","Michael Maddox named Executive Vice Chairman and President of Busey, CEO/President of Busey Bank; Dukeman remains Executive Chairman and CEO.","Rodney Brenneman appointed Lead Independent Director; headquarters to be located near Kansas City, MO.","Retention agreements for Randolph ($2.09M), Powers ($813.5K), Bowe ($1.63M); Phillips employment agreement with $150K retention bonus."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-019504","json":"https://secwatch.observer/filing/0001104659-25-019504.json","markdown":"https://secwatch.observer/filing/0001104659-25-019504.md","text":"https://secwatch.observer/filing/0001104659-25-019504.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/tm257855d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T22:10:56.759264+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":"0300fda8f5","claim":"Michael J. Maddox was appointed as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"The five (5) CrossFirst Designated Directors that were appointed by the Board to fill the vacancies resulting from the resignations referred to above and the increase in the size of the Board to thirteen (13) as of the Effective Time, in each case effective from and after the Effective Time, are as follows: Michael J. Maddox, Rodney K. Brenneman, Steven W. Caple, Jennifer M. Grigsby and Kevin S. Rauckman","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"06d9d2e72d","claim":"Michael J. Maddox was appointed as Executive Vice Chairman of the Board and President of Busey, Chief Executive Officer and President of Busey Bank at FIRST BUSEY CORP /NV/.","evidence_excerpt":"Mr. Maddox was appointed to serve as the Executive Vice Chairman of the Board and as the President of Busey, reporting to the Chief Executive Officer of Busey, and as the Chief Executive Officer and President of Busey Bank, reporting to the Executive Chairman of the Bank Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice Chairman of the Board and President of Busey, Chief Executive Officer and President of Busey Bank"}],"fact_type":"executive_change"},{"claim_id":"09b657a207","claim":"George Barr resigned as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"Samuel P. Banks, George Barr, Gregory B. Lykins and Cassandra R. Sanford (the “Resigning Directors”) resigned as members of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"73e2d216ab","claim":"Kevin S. Rauckman was appointed as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"The five (5) CrossFirst Designated Directors that were appointed by the Board to fill the vacancies resulting from the resignations referred to above and the increase in the size of the Board to thirteen (13) as of the Effective Time, in each case effective from and after the Effective Time, are as follows: Michael J. Maddox, Rodney K. Brenneman, Steven W. Caple, Jennifer M. Grigsby and Kevin S. Rauckman","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"b480db168b","claim":"Samuel P. Banks resigned as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"Samuel P. Banks, George Barr, Gregory B. Lykins and Cassandra R. Sanford (the “Resigning Directors”) resigned as members of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"bfe0790e58","claim":"Rodney K. Brenneman was appointed as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"The five (5) CrossFirst Designated Directors that were appointed by the Board to fill the vacancies resulting from the resignations referred to above and the increase in the size of the Board to thirteen (13) as of the Effective Time, in each case effective from and after the Effective Time, are as follows: Michael J. Maddox, Rodney K. Brenneman, Steven W. Caple, Jennifer M. Grigsby and Kevin S. Rauckman","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c3394b2771","claim":"Tiffany B. White was appointed as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"The eight (8) Busey Designated Directors that continue to serve on the Board (or in the case of Scott A. Wehrli and Tiffany B. White, were appointed to the Board)","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ca94928f77","claim":"Scott A. Wehrli was appointed as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"The eight (8) Busey Designated Directors that continue to serve on the Board (or in the case of Scott A. Wehrli and Tiffany B. White, were appointed to the Board)","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d5fa0a9cd5","claim":"Steven W. Caple was appointed as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"The five (5) CrossFirst Designated Directors that were appointed by the Board to fill the vacancies resulting from the resignations referred to above and the increase in the size of the Board to thirteen (13) as of the Effective Time, in each case effective from and after the Effective Time, are as follows: Michael J. Maddox, Rodney K. Brenneman, Steven W. Caple, Jennifer M. Grigsby and Kevin S. Rauckman","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"da650b8fcd","claim":"Gregory B. Lykins resigned as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"Samuel P. Banks, George Barr, Gregory B. Lykins and Cassandra R. Sanford (the “Resigning Directors”) resigned as members of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"da873ecdac","claim":"Jennifer M. Grigsby was appointed as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"The five (5) CrossFirst Designated Directors that were appointed by the Board to fill the vacancies resulting from the resignations referred to above and the increase in the size of the Board to thirteen (13) as of the Effective Time, in each case effective from and after the Effective Time, are as follows: Michael J. Maddox, Rodney K. Brenneman, Steven W. Caple, Jennifer M. Grigsby and Kevin S. Rauckman","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e335b34713","claim":"Cassandra R. Sanford resigned as Director at FIRST BUSEY CORP /NV/.","evidence_excerpt":"Samuel P. Banks, George Barr, Gregory B. Lykins and Cassandra R. Sanford (the “Resigning Directors”) resigned as members of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314489/000110465925019504/0001104659-25-019504-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}