secwatch.observer — SEC 8-K summary
======================================

Issuer:     HBT Financial, Inc. (HBT)
CIK:        0000775215
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001558370-23-005351
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HBT Financial CEO Fred Drake to step down May 24; Lance Carter named new CEO
----------------------------------------------------------------------------

- Fred L. Drake transitions from CEO to Executive Chairman effective May 24, 2023; receives $350,000 annual base salary.
- J. Lance Carter promoted from President/COO to President and CEO of HBT and Heartland Bank, effective May 24, 2023.
- Carter's amended employment agreement provides $535,755 annual base salary; eligible for bonuses and LTI awards.
- Carter has 22 years at HBT; Drake will continue as Executive Chairman focusing on strategy and growth.
- No related-party transactions or familial relationships beyond Drake and brother Allen C. Drake (director).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/775215/000155837023005351/0001558370-23-005351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/775215/000155837023005351/hbt-20230331x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-005351

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