---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-009992"
form_type: "8-K"
ticker: "FNWD"
cik: "0000919864"
company_name: "Finward Bancorp"
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:49:45.587771+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Finward Bancorp promotes Todd Scheub to President of Peoples Bank and EVP & Chief Revenue Officer

## Summary
- Todd Scheub appointed President of Peoples Bank and EVP & Chief Revenue Officer effective April 27, 2022.
- Scheub previously served as EVP & Chief Banking Officer since 2017; succeeds Ben Bochnowski as Bank President.
- Base salary set at $271,000; eligible for annual bonus and equity; granted 1,000 restricted shares vesting in 3 years.
- Employment agreement includes 1.5x salary and bonus severance if terminated without cause or for good reason.
- Scheub joined Peoples in 1996 and will oversee sales teams, customer relationships, and revenue generation.

## SEC filing metadata
- accession: 0001437749-22-009992
- form_type: 8-K
- ticker: FNWD
- cik: 0000919864
- company_name: Finward Bancorp
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/919864/000143774922009992/0001437749-22-009992-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/919864/000143774922009992/fnwd20220427_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-009992
- JSON: https://secwatch.observer/filing/0001437749-22-009992.json
- Plain text: https://secwatch.observer/filing/0001437749-22-009992.txt

## Key facts
- Executive change
  Todd M. Scheub was appointed as President of the Bank and Executive Vice President & Chief Revenue Officer at Finward Bancorp.
  - Action: appointed
  - Role: President of the Bank and Executive Vice President & Chief Revenue Officer
  source text: the Board of Directors (the “ Board ”) of Finward Bancorp (the “ Bancorp ”) appointed Todd M. Scheub as Executive Vice President & Chief Revenue Officer of the Bancorp, and the board of directors of Peoples Bank (the “ Bank ”), the wholly-owned Indiana chartered commercial bank subsidiary of the Bancorp, appointed Mr. Scheub as President of the Bank, with both appointments becoming effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/919864/000143774922009992/0001437749-22-009992-index.htm

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