Company: FRME
Filing Date: 2025-03-19
Form Type: 8-K
Source: 0000712534-25-000065
Chunk: 0

Company: FIRST MERCHANTS CORP
Filing Date: 2025-03-19
Form: 8-K
Item: Item 8.01
Chunk 0
---
ITEM 8.01 OTHER EVENTS.

On March 18, 2025, the Board of Directors of First Merchants Corporation (the "Company") approved a stock repurchase program of up to 2,927,000 shares of the Company's outstanding common stock; provided, however, that the total aggregate investment in shares repurchased under the program may not exceed $100,000,000. On a share basis, the amount of common stock subject to the repurchase program represents approximately 5% of the Company's outstanding shares. The stock repurchases may, at the discretion of management, be made from time to time, through solicited or unsolicited transactions in the open market, in privately negotiated transactions or pursuant to a Rule 10b5-1 plan all as effected in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Company is not obligated to purchase any shares under the program, and the program may be discontinued at any time. The actual timing, number and share price of shares purchased under the repurchase program will be determined by the Company at its discretion and will depend upon such factors as the market price of the stock, general market and economic conditions and applicable legal requirements. This new program replaces a similar program approved in January 2021.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                             First Merchants Corporation                        
                             (Registrant)                                       
                             By: /s/ Michele M. Kawiecki                        
  Dated: March 19, 2025