---
schema_version: "secwatch.filing_event.v1"
accession: "0001114927-22-000022"
form_type: "8-K/A"
ticker: "FNRN"
cik: "0001114927"
company_name: "FIRST NORTHERN COMMUNITY BANCORP"
filed_at: "2022-12-28T23:59:59+00:00"
generated_at: "2026-06-20T22:18:15.673214+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001114927-22-000022
- form_type: 8-K/A
- ticker: FNRN
- cik: 0001114927
- company_name: FIRST NORTHERN COMMUNITY BANCORP
- filed_at: 2022-12-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114927/000111492722000022/0001114927-22-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114927/000111492722000022/form8_ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001114927-22-000022
- JSON: https://secwatch.observer/filing/0001114927-22-000022.json
- Plain text: https://secwatch.observer/filing/0001114927-22-000022.txt

## Key facts
- Executive change
  Jeremiah Z. Smith was appointed as President and Chief Executive Officer at FIRST NORTHERN COMMUNITY BANCORP.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114927/000111492722000022/0001114927-22-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.