---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-005787"
form_type: "8-K"
ticker: "ONB"
cik: "0000707179"
company_name: "OLD NATIONAL BANCORP /IN/"
filed_at: "2022-02-16T23:59:59+00:00"
generated_at: "2026-06-27T07:43:33.518934+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Old National completes merger with First Midwest; exchange ratio 1.1336

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-22-005787
- form_type: 8-K
- ticker: ONB
- cik: 0000707179
- company_name: OLD NATIONAL BANCORP /IN/
- filed_at: 2022-02-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 2.03, 3.03, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/0001140361-22-005787-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/ny20002365x21_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-005787
- JSON: https://secwatch.observer/filing/0001140361-22-005787.json
- Plain text: https://secwatch.observer/filing/0001140361-22-005787.txt

## Key facts
- Executive change
  Mark G. Sander was appointed as President and Chief Operating Officer at OLD NATIONAL BANCORP /IN/.
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/0001140361-22-005787-index.htm
- Executive change
  Angela L. Putnam was appointed as Chief Accounting Officer and Corporate Controller at OLD NATIONAL BANCORP /IN/.
  - Action: appointed
  - Role: Chief Accounting Officer and Corporate Controller
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/0001140361-22-005787-index.htm
- Executive change
  James C. Ryan, III resigned as Chairman of the Board at OLD NATIONAL BANCORP /IN/.
  - Action: resigned
  - Role: Chairman of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/0001140361-22-005787-index.htm
- Executive change
  Jeffrey L. Knight was appointed as Chief Government Relations Officer at OLD NATIONAL BANCORP /IN/.
  - Action: appointed
  - Role: Chief Government Relations Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/0001140361-22-005787-index.htm
- Executive change
  Michael W. Woods resigned as Principal Accounting Officer at OLD NATIONAL BANCORP /IN/.
  - Action: resigned
  - Role: Principal Accounting Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/0001140361-22-005787-index.htm
- Executive change
  James A. Sandgren was appointed as Chief Executive Officer, Commercial Banking at OLD NATIONAL BANCORP /IN/.
  - Action: appointed
  - Role: Chief Executive Officer, Commercial Banking
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/0001140361-22-005787-index.htm
- Executive change
  Michael L. Scudder was appointed as Executive Chairman of the Board at OLD NATIONAL BANCORP /IN/.
  - Action: appointed
  - Role: Executive Chairman of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/0001140361-22-005787-index.htm

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