GERMAN AMERICAN BANCORP, INC. (NASDAQ:GABC) 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. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
issued the long-term incentive (LTI) awards (the Awards) earned
by certain executive officers under the 2016 Executive Management
Incentive Plan based on the performance of the Company for the
three-year period ended on December 31, 2016. The Awards are a
mix of cash entitlements and restricted stock as more fully
described the Companys Current Report on Form 8-K filed on March
4, 2016. The Awards are documented through an LTI Restricted
Stock Award Agreement, the form of which is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
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Exhibit No.
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Description of Exhibit
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99.1
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Form of LTI Restricted Stock Award Agreement that
evidences the terms of awards of restricted stock grants and related cash entitlements that were granted to executive officers during March 2017 to the Management Long-Term Incentive Plan component of the 2016 Executive Management Incentive Plan with respect to the performance period ended December 31, 2016. |
registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
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Dated: March 16, 2017
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GERMAN AMERICAN BANCORP, INC.
By: /s/ Mark A. Schroeder _
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Mark A. Schroeder, Chairman and Chief Executive
Officer |
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Exhibit No.
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Description of Exhibit
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99.1
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Form of LTI Restricted Stock Award Agreement that
evidences the terms of awards of restricted stock grants and related cash entitlements that were granted to executive officers during March 2017 |
About GERMAN AMERICAN BANCORP, INC. (NASDAQ:GABC)
German American Bancorp, Inc. is a bank holding company. The Company’s operating segments include core banking, trust and investment advisory services, and insurance operations. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Company’s local markets. Its core banking segment also involves the sale of residential mortgage loans in the secondary market. The trust and investment advisory services segment involves providing trust, investment advisory and brokerage services to customers. The insurance segment offers a range of personal and corporate property and casualty insurance products in its banking subsidiary’s local markets. Its lines of business include retail and commercial banking, financial planning, service brokerage and trust administration, and personal and corporate insurance products. GERMAN AMERICAN BANCORP, INC. (NASDAQ:GABC) Recent Trading Information
GERMAN AMERICAN BANCORP, INC. (NASDAQ:GABC) closed its last trading session up +0.25 at 47.36 with 31,473 shares trading hands.
