Company: FRME
Filing Date: 2025-10-17
Form Type: S-4/A
Source: 0001193125-25-242318
Chunk: 84

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-17
Form: S-4/A
Chunk 84
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179,774 |     |           |   496,084 |
| Jackie R. Journell |     |                      |  5,115 |     |               |  9,780 |     |                     | 160,509 |     |             |  93,415 |     |           |   253,924 |
| Total              |     |                      | 30,370 |     |               | 57,855 |     |                     | 953,011 |     |             | 538,913 |     |           | 1,491,924 |

Indemnification and Continued Director and Officer Liability Coverage. From and after the effective time of the Merger, First Merchants has agreed to indemnify and hold harmless each person who is now, or who has been at any time before the effective time of the Merger, an officer or director of First Savings and its subsidiaries against all losses, costs, damages, or expenses incurred in connection with any claim, action, suit, proceeding, or investigation that is a result of matters that existed or occurred at or before the effective time of the Merger to the same extent as First Savings currently provides for indemnification of its officers and directors. In addition, First Merchants has agreed to provide directors’ and officers’ liability insurance coverage for a period of six years following the effective time of the Merger to the officers and directors of First Savings Bank and First Savings immediately before the effective time of the Merger under the directors’ and officers’ liability insurance policy currently maintained by First Savings or under a policy with comparable or better coverage, subject to certain limitations in the Merger Agreement. Board Appointment. The Merger Agreement obligates First Merchants to appoint one person who is currently a member of the First Savings Board of Directors (chosen by First Merchants after consultation with First Savings) to the First Merchants Board of Directors. Such person will be entitled to receive compensation from First Merchants for service to the Board. The Merger Agreement further provides that First Merchants will cause such person to be renominated for election to the First Merchants Board of Directors at every annual shareholder meeting up to and including the 2029 annual shareholder meeting. The appointments and renominations will be consistent with all applicable corporate governance policies and guidelines of First Merchants. If, prior to the 2029 annual shareholder meeting, such person (or any successor director who is appointed pursuant to this sentence) for any reason ceases to serve as a director or does