secwatch.observer — SEC 8-K summary
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Issuer:     Finward Bancorp (FNWD)
CIK:        0000919864
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001437749-22-009992
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919864/000143774922009992/0001437749-22-009992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919864/000143774922009992/fnwd20220427_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-009992

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer