---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-027969"
form_type: "8-K"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T11:03:36.754338+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Richmond Mutual Bancorp enters change-in-control agreements with President/COO and CFO

## Summary
- Agreements dated May 22, 2025 with Paul Witte (President/COO of Bank) and Bradley Glover (CFO of Company and Bank).
- Initial term expires Dec 31, 2026, with automatic one-year renewal on Jan 1, 2026 and each Jan 1 thereafter unless non-renewal notice.
- If termination without cause or for good reason within 12 months after change of control: lump sum cash of 2x base amount plus up to 24 months insurance.
- Severance conditioned on executing general release; subject to Section 280G parachute payment reduction.
- Agreements are between the company, bank, and each executive; filed as Exhibits 10.1 and 10.2.

## SEC filing metadata
- accession: 0001628280-25-027969
- form_type: 8-K
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: other_material
- 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/1767837/000162828025027969/0001628280-25-027969-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000162828025027969/rmbi-20250527.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-027969
- JSON: https://secwatch.observer/filing/0001628280-25-027969.json
- Plain text: https://secwatch.observer/filing/0001628280-25-027969.txt

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