secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001140361-22-005787
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 2.03, 3.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National completes merger with First Midwest; exchange ratio 1.1336
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/0001140361-22-005787-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000114036122005787/ny20002365x21_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-005787

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