---
schema_version: "secwatch.filing_event.v1"
accession: "0001562463-22-000064"
form_type: "8-K"
ticker: "INBK"
cik: "0001562463"
company_name: "First Internet Bancorp"
filed_at: "2022-04-25T23:59:59+00:00"
generated_at: "2026-06-26T05:02:51.965727+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# First Internet Bancorp enters exec employment agreements with Lorch, Lovik; amends Becker pact

## Summary
- Employment agreements for President/COO Nicole Lorch ($470K salary) and CFO Kenneth Lovik ($350K) thru Dec 2024.
- Agreements auto-renew for one-year terms; severance includes salary continuation up to 24 months and COBRA.
- CEO David Becker's pact amended to eliminate President requirement, reflecting Lorch assuming that role in 2021.
- Severance for Lorch and Lovik tied to release of claims and compliance with non-compete and non-solicitation.
- Agreements provide for change-in-control benefits including 24-month salary and extended COBRA (18 months).

## SEC filing metadata
- accession: 0001562463-22-000064
- form_type: 8-K
- ticker: INBK
- cik: 0001562463
- company_name: First Internet Bancorp
- filed_at: 2022-04-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562463/000156246322000064/0001562463-22-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562463/000156246322000064/inbk-20220420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562463-22-000064
- JSON: https://secwatch.observer/filing/0001562463-22-000064.json
- Plain text: https://secwatch.observer/filing/0001562463-22-000064.txt

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