secwatch.observer — SEC 8-K summary
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Issuer:     Midland States Bancorp, Inc. (MSBI)
CIK:        0001466026
Form:       8-K
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001104659-26-024769
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466026/000110465926024769/0001104659-26-024769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466026/000110465926024769/tm268184d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-024769

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer