First Northern appoints Jeremiah Smith as CEO; discloses $475K base salary and severance terms

FIRST NORTHERN COMMUNITY BANCORP

Jeremiah Smith named President and CEO effective Jan 1, 2023, succeeding retiring Louise Walker.
Annual base salary of $475,000 effective Jan 1, 2023; eligible for annual bonus and incentive programs.
Severance: 150% of base + avg bonus (three-year) for involuntary termination outside change of control; 250% within 2 years post-change of control.
Executive Retirement/Retention Award becomes 50% vested immediately; full vesting at age 62 with performance goals.
SERP death benefit increased from $10,000 to $15,000/month (max 180 months); normal retirement age set to 62 for CEO.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jeremiah Z. Smith

President and Chief Executive Officer

FNRN · FIRST NORTHERN COMMUNITY BANCORP

Effective: 2023-01-01
Filed: December 28, 2022, 6:59 PM ET

appointment of Jeremiah Z. Smith, currently the Company’s Senior Executive Vice President and Chief Operating Officer, as President and Chief Executive Officer of the Company and its subsidiary, First Northern Bank of Dixon (the “Bank”), effective January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeremiah Z. Smith was appointed as President and Chief Executive Officer at FIRST NORTHERN COMMUNITY BANCORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

appointment of Jeremiah Z. Smith, currently the Company’s Senior Executive Vice President and Chief Operating Officer, as President and Chief Executive Officer of the Company and its subsidiary, First Northern Bank of Dixon (the “Bank”), effective January 1, 2023.

View on SEC.gov

FIRST NORTHERN COMMUNITY BANCORP filing history →

Source: SEC EDGAR

accession 0001114927-22-000022

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.