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

ME Staff 8-k
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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.

Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
(d) Appointment of Richard J. Lashley to the Board of Directors
On February 15, 2017, Mr. Lashley resigned from the Board of
Directors (the “Board”) of MutualFirst Financial, Inc. (the
“Company”) and its subsidiary, MutualBank (the “Bank”)
after serving as a director since February 2015, due to a
Management Interlocks Act restriction. The Board of Governors
of the Federal Reserve informed the Company on April 25, 2017
that it granted the Company a Management Interlocks Act
exemption and the Federal Deposit Insurance Corporation on
March 23, 2017, granted the Bank a Management Interlocks Act
exemption allowing Mr. Lashley to serve as a director of the
Company and the Bank. As a result, on April 19, 2017, the Board
of the Bank re-appointed Mr. Lashley to serve on the Board and
on May 4, 2017, the Board of the Company intends to re-appoint
Mr. Lashley to serve on the Board, in each case with a term to
expire in 2020.
It is expected that Mr. Lashley will be appointed to the
Audit/Compliance committee of the Board of the Company. There
are no arrangements or understandings between Mr. Lashley and
any other persons to which Mr. Lashley was appointed a director
of the Company.
As a non-employee director, Mr. Lashley will participate in the
non-employee director compensation arrangements described in
the Company’s definitive proxy statement filed with the
Securities and Exchange Commission on March 24, 2017.
Mr. Lashley has not engaged in any transaction with the Company
that requires disclosure of any information to Item 404(a) of
SEC Regulation S-K.
As a result of Mr. Lashley’s appointments, on April 19, 2017,
the Board of the Bank increased the size of the Board from
eleven members to twelve members. At its meeting on May 4,
2017, the Board of the Company intends to increase the size of
its Board from eleven members to twelve members.
A copy of the Company’s press release announcing the re-
appointment of Mr. Lashley to the Boards is attached hereto as
Exhibit 99.1 and the information set forth therein is
incorporated herein by reference.
Item 9.01.
Financial Statements and Exhibits
(d)
Exhibits
99.1
Press Release dated April 28, 2017


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.

MUTUALFIRST FINANCIAL, INC. (NASDAQ:MFSF) Recent Trading Information

MUTUALFIRST FINANCIAL, INC. (NASDAQ:MFSF) closed its last trading session up +0.25 at 32.95 with 5,646 shares trading hands.