secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0001562463-22-000064
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Internet Bancorp enters exec employment agreements with Lorch, Lovik; amends Becker pact
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246322000064/0001562463-22-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246322000064/inbk-20220420.htm
  HTML page:      https://secwatch.observer/filing/0001562463-22-000064

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