{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-019506","form_type":"8-K","ticker":null,"cik":"0001458412","company_name":"CROSSFIRST BANKSHARES, INC.","filed_at":"2025-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.666302+00:00","generated_at":"2026-05-25T17:25:10.650839+00:00","sec_items":["2.01","3.01","3.03","5.03","5.01","5.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"CrossFirst Bankshares completes merger with First Busey; CFB shareholders receive 0.6675 Busey shares per CFB share","bullets":["CrossFirst merged with and into Busey on March 1, 2025; each CFB share converted into 0.6675 Busey shares.","CrossFirst common stock delisted from NASDAQ; CrossFirst ceased to exist as separate entity.","Michael J. Maddox appointed Executive Vice Chairman of Busey board and President of Busey; Amy J. Fauss appointed CIO/CTO.","Five CrossFirst directors appointed to Busey's expanded 13-member board.","Bank merger of CrossFirst Bank into Busey Bank expected to close June 20, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-019506","json":"https://secwatch.observer/filing/0001104659-25-019506.json","markdown":"https://secwatch.observer/filing/0001104659-25-019506.md","text":"https://secwatch.observer/filing/0001104659-25-019506.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/tm257858d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T17:25:10.650839+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":"058d33d4c0","claim":"Amy J. Fauss departed as Chief Operating Officer at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"CrossFirst’s directors and executive officers ceased serving as directors and executive officers of CrossFirst.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"065ecd2248","claim":"Steven W. Caple was appointed as Director at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"The five (5) CrossFirst Designated Directors that were appointed by the Busey board of directors to fill the vacancies resulting from the resignations of four (4) members of the Busey board of directors and the increase in the size of the Busey board of directors 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/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"0d2b51481b","claim":"Steven W. Caple departed as Director at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"CrossFirst’s directors and executive officers ceased serving as directors and executive officers of CrossFirst.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"238ec2ae44","claim":"Jennifer M. Grigsby departed as Director at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"CrossFirst’s directors and executive officers ceased serving as directors and executive officers of CrossFirst.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"66854483e4","claim":"Kevin S. Rauckman departed as Director at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"CrossFirst’s directors and executive officers ceased serving as directors and executive officers of CrossFirst.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6c49d4ce22","claim":"Rodney K. Brenneman departed as Director at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"CrossFirst’s directors and executive officers ceased serving as directors and executive officers of CrossFirst.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"917e66e453","claim":"Rodney K. Brenneman was appointed as Director at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"The five (5) CrossFirst Designated Directors that were appointed by the Busey board of directors to fill the vacancies resulting from the resignations of four (4) members of the Busey board of directors and the increase in the size of the Busey board of directors 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/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d251c05b0c","claim":"Michael J. Maddox was appointed as Executive Vice Chairman of the Busey board of directors and President of Busey at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"Michael J. Maddox, the President and Chief Executive Officer of CrossFirst prior to the Effective Time, was appointed Executive Vice Chairman of the Busey board of directors 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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice Chairman of the Busey board of directors and President of Busey"}],"fact_type":"executive_change"},{"claim_id":"e026153b30","claim":"Kevin S. Rauckman was appointed as Director at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"The five (5) CrossFirst Designated Directors that were appointed by the Busey board of directors to fill the vacancies resulting from the resignations of four (4) members of the Busey board of directors and the increase in the size of the Busey board of directors 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/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e760cdc84e","claim":"Michael J. Maddox departed as President and Chief Executive Officer at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"CrossFirst’s directors and executive officers ceased serving as directors and executive officers of CrossFirst.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"f57f4084a7","claim":"Jennifer M. Grigsby was appointed as Director at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"The five (5) CrossFirst Designated Directors that were appointed by the Busey board of directors to fill the vacancies resulting from the resignations of four (4) members of the Busey board of directors and the increase in the size of the Busey board of directors 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/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"fa9f302ac2","claim":"Amy J. Fauss was appointed as Chief Information and Technology Officer at CROSSFIRST BANKSHARES, INC..","evidence_excerpt":"Amy J. Fauss, the Chief Operating Officer of CrossFirst prior to the Effective Time, was appointed Chief Information and Technology Officer of Busey and Busey Bank.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Information and Technology Officer"}],"fact_type":"executive_change"},{"claim_id":"b7c3dd08bd103956b0135d1633ce48c92dcf3cd6","claim":"CROSSFIRST BANKSHARES, INC.: CrossFirst's articles and bylaws ceased to be in effect upon merger; Busey's organizational documents became governing documents.","evidence_excerpt":"As of the Effective Time, the Articles of Incorporation, as amended, and the Bylaws of CrossFirst ceased to be in effect by operation of law.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"}],"fact_type":"governance_change"},{"claim_id":"2beab5d9836437c7dd0aedd53aae4a8960b8d6aa","claim":"CROSSFIRST BANKSHARES, INC. underwent a change of control involving First Busey Corporation for 0.6675 of a share of Busey Common Stock per share of CrossFirst Common Stock (closed 2025-03-01).","evidence_excerpt":"Kansas corporation (“CrossFirst”), with and into First Busey Corporation, a Nevada corporation (“Busey”), with Busey as the surviving corporation in the Merger, pursuant to the Agreement and Plan of Merger, dated as of August 26, 2024 (the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1458412/000110465925019506/0001104659-25-019506-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"First Busey Corporation"},{"label":"Consideration","value":"0.6675 of a share of Busey Common Stock per share of CrossFirst Common Stock"},{"label":"Closing","value":"2025-03-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}