secwatch.observer — SEC 8-K summary
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Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001193125-22-210098
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Bancorp appoints Thomas Prame as President effective August 15, 2022
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- Thomas M. Prame appointed President of Horizon Bancorp and Horizon Bank, effective Aug 15, 2022.
- Prame previously served as EVP and CEO of Community Banking at First Midwest Bancorp.
- Employment agreement includes $550k base salary, up to $30k relocation expenses, and $50k lump sum.
- Equity grant of 10,000 common shares with time-based vesting; eligible for bonus and LTIP plans.
- Also entered a change-in-control agreement with severance up to 2x base salary plus average bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000119312522210098/0001193125-22-210098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000119312522210098/d365600d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-210098

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