MUTUALFIRST FINANCIAL, INC. (NASDAQ:MFSF) 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 October 18, 2019, MutualFirst Financial, Inc. (the “Company”) issued a press release announcing the sudden passing of Patrick Botts, the President of its wholly owned subsidiary, MutualBank and a director of both the Company and MutualBank. A copy of the press release is filed as Exhibit 99.1 hereto and incorporated herein by reference.
Effective October 16, 2019, as a result of Mr. Bott’s passing, the board of directors of MutualBank appointed David W. Heeter, the current President and Chief Executive Officer of the Company and current Chief Executive Officer of MutualBank to the position of President and Chief Executive Officer of MutualBank.
Mr. Heeter is currently a director of the Company and MutualBank. As a result of the vacancy on the board of directors of the Company and Mutual Bank that was created by Mr. Botts passing, effective October 16, 2019 the board of directors of the Company and MutualBank also reduced the size of their respective boards to twelve members.
| 99.1 | Press Release Dated October 18, 2019. |
MUTUALFIRST FINANCIAL INC Exhibit
EX-99.1 2 tm1920489d1_ex99-1.htm EXHIBIT 99.1 MutualFirst Financial,…
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About MUTUALFIRST FINANCIAL, INC. (NASDAQ:MFSF)
MutualFirst Financial, Inc. (MutualFirst) is the bank holding company of MutualBank (MutualBank or the Bank). The Bank offers financial services through approximately 30 full service retail financial center offices in Allen, Delaware, Elkhart, Grant, Kosciusko, Randolph, Saint Joseph and Wabash counties in Indiana. MutualBank also has trust offices in Carmel and Crawfordsville, Indiana and a loan origination office in New Buffalo, Michigan. The Bank has a subsidiary, Summit Mortgage, Inc., that operates a mortgage banking firm in Fort Wayne, Indiana. In addition, it originates residential mortgage and commercial loans. MutualWealth and MutualFinancial Advisors are the wealth management and brokerage divisions of the Bank that provide a range of fee-based financial services, including trust, investment, insurance, broker advisory, retirement plan and private banking services, in its market areas.