secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MERCHANTS CORP (FRME)
CIK:        0000712534
Form:       8-K
Filed at:   2022-06-23T23:59:59+00:00
Accession:  0001193125-22-179599
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Merchants expands board to 14, appoints Kevin Johnson and Jason Sondhi; amends director term limit
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- Board size increased from 12 to 14; Kevin D. Johnson and Jason R. Sondhi appointed to fill vacancies in Class I and Class III.
- Johnson is CEO of Detroit Economic Growth Corp; Sondhi is founder/president of Sondhi Solutions.
- Both serve initial terms until 2023 annual meeting; will receive pro rata director retainer and participate in equity plan.
- Bylaws amended to bar independent directors from nomination after 12 years of continuous service as of May 10, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712534/000119312522179599/0001193125-22-179599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712534/000119312522179599/d266761d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-179599

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