Company: ONBPP
Filing Date: 2025-05-01
Form Type: 8-K
Source: 0001628280-25-021536
Chunk: 2

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-05-01
Form: 8-K
Item: Item 5.02
Chunk 2
---
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Election of Director

As previously disclosed in the Current Report on Form 8-K filed by Old National with the SEC on November 25, 2024, concurrently with the execution and delivery of the Merger Agreement, Old National and each of the trustees (in such capacities, the “ Trustees”) of the Otto Bremer Trust, a trust created under a trust instrument dated May 22, 1944 and governed by the laws of Minnesota (the “ Trust”), entered into an investor agreement (the “ Investor Agreement”), effective as of the Effective Time.

In accordance with the terms of the Investor Agreement and the By-Laws Amendment (as defined in Item 5.03 below), as of the Effective Time, the number of directors that comprise the full board of directors of Old National (the “ Board”) was increased by one director to a total of 16 directors, and one of the trustees of the Trust, Daniel C. Reardon, was appointed by the Board to fill the vacancy resulting from the increase in the size of the Board. Mr. Reardon was appointed to serve a term until the annual meeting of shareholders of Old National in 2026. He was also appointed by the Board to serve as a member of the Board’s Audit Committee.

Mr. Reardon will serve on the Board and the Audit Committee in accordance with Old National’s corporate governance guidelines and standards applicable to all directors and will receive compensation for his service on the Board and the Audit Committee on the same basis as other non-employee directors, as described under “ Director Compensation” in Old National’s 2025 Proxy Statement filed with the SEC on April 4, 2025.

Other than pursuant to the Investor Agreement, there are no arrangements between Mr. Reardon and any other person pursuant to which Mr. Reardon was selected as a director. There are no transactions in which Mr. Reardon has an interest that require disclosure under Item 404(a) of Regulation S-K.

Mr. Reardon is the co-CEO and a trustee of the Trust and has more than 20 years of experience in executive management, banking and philanthropy. He also served on the boards of directors of Bremer and Bremer Bank.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.