secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001628280-25-035586
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National Bancorp appoints Timothy Burke as President and COO, replacing retired Sander
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- Timothy Burke Jr., 49, named President & COO effective July 22, 2025; succeeds Mark Sander who retired.
- Burke joins from KeyBank where he was EVP, Head of Central Region and Commercial Bank Field Enablement.
- Compensation: $750k base salary, 100% target bonus (2025 minimum $750k), 150% annual LTI equity target.
- One-time signing bonus of $600k and 33,000 service-based RSUs vesting over four years.
- Severance: two times base plus target without change in control; three times base within 24 months post-change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000162828025035586/0001628280-25-035586-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000162828025035586/onb-20250722.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-035586

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