Old National completes merger with First Midwest; exchange ratio 1.1336

OLD NATIONAL BANCORP /IN/

Old National and First Midwest merger closed Feb 15, 2022; each FMWB share converted into 1.1336 ONB shares.
Old National assumed ~$243.5M in aggregate principal of junior subordinated and subordinated notes from First Midwest.
Board expanded to 16 directors; Michael Scudder (ex-First Midwest CEO) becomes Executive Chairman; Mark Sander becomes President & COO.
Authorized common shares increased from 300M to 600M; new preferred stock series issued to replace First Midwest preferred.
Five Old National directors retired; eight First Midwest directors joined the board.

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Executive movements

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

Appointed

Mark G. Sander

President and Chief Operating Officer

ONB · OLD NATIONAL BANCORP /IN/

Effective: 2022-02-15
Filed: February 16, 2022, 6:59 PM ET

Mark G. Sander, the former President and Chief Operating Officer of First Midwest, was appointed as the President and Chief Operating Officer of Old National.

Appointed

Angela L. Putnam

Chief Accounting Officer and Corporate Controller

ONB · OLD NATIONAL BANCORP /IN/

Effective: 2022-02-15
Filed: February 16, 2022, 6:59 PM ET

Angela L. Putnam, the former Senior Vice President and Chief Accounting Officer of First Midwest, was appointed as the Chief Accounting Officer and Corporate Controller of Old National.

Role change

James C. Ryan, III

Chairman of the Board

ONB · OLD NATIONAL BANCORP /IN/

Effective: 2022-02-15
Successor: Michael L. Scudder
Filed: February 16, 2022, 6:59 PM ET

James C. Ryan, III resigned from the position of Chairman of the Old National Board of Directors (the “Board”). He will continue to serve as the Chief Executive Officer of Old National and a member of the Board.

Role change

Jeffrey L. Knight

Chief Government Relations Officer

ONB · OLD NATIONAL BANCORP /IN/

Effective: 2022-02-15
Filed: February 16, 2022, 6:59 PM ET

Jeffrey L. Knight resigned from his positions as Chief Legal Counsel and Corporate Secretary and was appointed as the Chief Government Relations Officer of Old National.

Role change

Michael W. Woods

Principal Accounting Officer

ONB · OLD NATIONAL BANCORP /IN/

Effective: 2022-02-15
Successor: Angela L. Putnam
Filed: February 16, 2022, 6:59 PM ET

Michael W. Woods resigned from his designation as Principal Accounting Officer of Old National and will continue to serve in the position of Corporate Controller of Old National.

Role change

James A. Sandgren

Chief Executive Officer, Commercial Banking

ONB · OLD NATIONAL BANCORP /IN/

Effective: 2022-02-15
Successor: Mark G. Sander
Filed: February 16, 2022, 6:59 PM ET

James A. Sandgren resigned from the position of President and Chief Operating Officer of Old National and was appointed to the position of Chief Executive Officer, Commercial Banking of Old National.

Appointed

Michael L. Scudder

Executive Chairman of the Board

ONB · OLD NATIONAL BANCORP /IN/

Effective: 2022-02-15
Filed: February 16, 2022, 6:59 PM ET

Michael L. Scudder, the former Chairman of the Board and Chief Executive Officer of First Midwest, was appointed as the Executive Chairman of the Board.