Bank First National Corporation (OTCMKTS:BFNC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
On February 19, 2019, the Board of Directors of Bank First National Corporation (the “Company”) approved and adopted amendments to the Bank First National Corporation 2011 Equity Plan (the “2011 Equity Plan”). A copy of the amendments to the Company’s 2011 Equity Plan is attached as Exhibit 99.2 to this Report on Form 8-K and is incorporated herein by reference.
The purpose of the amendments to the 2011 Equity Plan is (i) to determine fair market value by reference to the price of Company stock as traded on the Nasdaq Capital Market instead of the OTCBB; and (ii) to provide that, for awards made on or after February 19, 2019, a change of control of the Company will result in vesting and payment of the award only if the Plan participant experiences an involuntary termination of employment or resigns for good reason after such change in control.
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Item 5.02 |
Financial Statements and Exhibits. |
Bank First National Corp Exhibit
EX-99.2 2 tv514518_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 AMENDMENTS TO BANK FIRST NATIONAL CORPORATION 2011 EQUITY PLAN Effective February 19,…
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About Bank First National Corporation (OTCMKTS:BFNC)
Bank First National Corporation is the holding company for Bank First National (the Bank). The Company provides a range of financial services to individual and business customers. The Bank is an independent community bank. It offers personal and business banking services. Its personal banking services include savings, checking, loans and electronic banking. Its personal savings accounts include certificates of deposit (CD), individual retirement account (IRA) savings account and health savings accounts. Its business banking services include savings, checking, credit cards and treasury management. It offers deposit accounts, CD account registry service (CDARS) and health savings accounts. The Bank offers real estate loans, home equity loans, installment and consumer loans, working capital lines of credit, equipment loans, loans for business expansion, real estate loans, construction/development loans, small business administration (SBA) loans and farm/crop/livestock loans.
