Midland States Bancorp terminates CFO Eric Lemke; appoints Claire Stack as interim CFO

Midland States Bancorp, Inc.

Eric Lemke terminated as CFO and principal financial/accounting officer effective March 5, 2026.
Claire Stack, age 37, appointed VP – Chief Accounting Officer and interim CFO; served as Corporate Controller since Nov 2025.
Stack has 15+ yrs finance leadership, CPA; previously Corporate Controller at Steelcase and roles at CLA, Agracel, PwC, KPMG.
Change of Control Agreement through Dec 31, 2026, auto-renew; provides severance of 150% salary plus avg bonus in change-of-control termination.
Severance includes COBRA coverage up to 12 months; non-compete and non-solicit restrictions apply for 12 months post-termination.

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