MidWestOneFinancial 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 OfficersItem 5.02.
MidWestOneFinancial 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
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 11, 2017, MidWestOne>Financial Group, Inc. (the “Company”) and Mitch Cook, a Senior Regional President for the Minnesota and Wisconsin markets of the Company, entered into an employment agreement, the form of which is substantially similar to the employment agreements entered into with other executive officers of the Company. The employment agreement provides for an annual base salary of $210,000, annual incentive award opportunities and an opportunity for Mr. Cook to participate in other employee and fringe benefits on the same basis as generally available for other similarly situated employees.
The foregoing description of the employment agreement between the Company and Mr. Cook is qualified in its entirety by the text of the employment agreement, attached hereto as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.>>The following exhibits are filed herewith:
10.1 Employment Agreement between MidWestOne Financial Group, Inc. and Mitch Cook, dated May 11, 2017.
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. that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida. It provides full service retail banking in the communities in which its branch offices are located and also offers trust and investment management services. The Bank offers deposit products, including checking and other demand deposit accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits. The Bank offers commercial and industrial, agricultural, real estate mortgage and consumer loans. MidWestOne>Financial Group, Inc. (NASDAQ:MOFG) Recent Trading Information
MidWestOne>Financial Group, Inc. (NASDAQ:MOFG) closed its last trading session up +0.41 at 35.12 with 19,515 shares trading hands.
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. that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida. It provides full service retail banking in the communities in which its branch offices are located and also offers trust and investment management services. The Bank offers deposit products, including checking and other demand deposit accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits. The Bank offers commercial and industrial, agricultural, real estate mortgage and consumer loans. MidWestOne>Financial Group, Inc. (NASDAQ:MOFG) Recent Trading Information
MidWestOne>Financial Group, Inc. (NASDAQ:MOFG) closed its last trading session up +0.41 at 35.12 with 19,515 shares trading hands.
