MidWestOne Financial Group, Inc. (NASDAQ:MOFG) 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.
On December 20, 2018, Michael A. Hatch notified MidWestOne Financial Group, Inc. (the “Company”) that he will be resigning from the Board of Directors of the Company (the “Board”) effective January 1, 2019. Mr. Hatch’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Hatch has served on the Board since 2015.
On December 27, 2018, upon the recommendation of the Nominating and Corporate Governance Committee, the Board appointed Jennifer Hauschildt as a director of the Company, effective with the resignation of Mr. Hatch, and her term will expire in 2020. Ms. Hauschildt is the Chief Information Officer – North America for Uponor, in Apple Valley, Minnesota.
Ms. Hauschildt will be compensated in accordance with the Company’s standard compensation policies and practices for non-employee directors. The committee or committees on which Ms. Hauschildt will serve, if any, have not yet been determined by the board of directors.
About MidWestOne Financial Group, Inc. (NASDAQ:MOFG)
MidWestOne Financial Group, Inc. is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc. MidWestOne Bank and Central Bank provide service retail banking in the communities in which their respective branch offices are located. Its deposit products include checking and other demand deposit accounts, negotiable order of withdrawal accounts, savings accounts, certificates of deposit, individual retirement accounts, non-interest-bearing demand deposits and money market accounts. MidWestOne Bank and Central Bank offer commercial and industrial, agricultural, real estate mortgage and consumer loans. Other products and services include debit cards, automated teller machines, online banking, mobile banking and safe deposit boxes. The principal service consists of making loans to and accepting deposits from individuals, businesses, governmental units and institutional customers.
