secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2026-01-12T23:59:59+00:00
Accession:  0001114927-26-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New executive retirement/retention agreements for CFO and CCO
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- CFO Kevin Spink enters retirement/retention agreement; full vesting at age 65 with continuous service.
- Spink's awards tied to annual performance goals set by Compensation Committee; forfeited if terminated for cause.
- CCO Brett Hamilton receives SERP with extra credited service (2 yrs if retire at 60-61, 4 yrs if 62+).
- Hamilton gets minimum annual SERP benefit of $50,000, payable monthly.
- Both agreements provide full vesting or enhanced benefits upon qualifying change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000111492726000002/0001114927-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000111492726000002/form8_k.htm
  HTML page:      https://secwatch.observer/filing/0001114927-26-000002

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