# EDGAR Filing Document

**Accession Number:** 0001331754
**File Stem:** 0001331754-25-000217
**Filing Date:** 2025-10
**Character Count:** 18113
**Document Hash:** 669e5fc36d0c13a4cce1d5e108920029
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001331754-25-000217.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001331754-25-000217

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20251027

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federal Home Loan Bank of Indianapolis
- **CENTRAL INDEX KEY:** 0001331754
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 356001443
- **STATE OF INCORPORATION:** X1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-51404
- **FILM NUMBER:** 251421652

**BUSINESS ADDRESS:**
- **STREET 1:** 8250 WOODFIELD CROSSING BOULEVARD
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46240
- **BUSINESS PHONE:** 317-465-0200

**MAIL ADDRESS:**
- **STREET 1:** 8250 WOODFIELD CROSSING BOULEVARD
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46240

?xml version='1.0' encoding='ASCII'? fhlbi-20251027

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

______________________________

**FORM 8-K** 

______________________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of report (Date of earliest event reported): October 27, 2025**

_____________________________

**FEDERAL HOME LOAN BANK OF INDIANAPOLIS**

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

 **______________________________**

---

| | | |
|:---|:---|:---|
| **Federally Chartered<br>Corporation of the** | **000-51404** | **35-6001443** |
| **United States** | **000-51404** | **35-6001443** |
| (State or other jurisdiction of<br>incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

**8250 Woodfield Crossing Blvd.**

**Indianapolis IN 46240**

(Address of Principal Executive Offices, including Zip Code)

**(317) 465-0200**

(Registrant's Telephone Number, Including Area Code)

**Not Applicable**

(Former name or former address, if changed since last report.)

___________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

□ Written communications pursuant to Rule 425 under the Securities Act

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered <br> <u>None</u> <u>None</u> <u>None</u>

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

------

**Item 5.02 and Item 5.07.**

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

**Submission of Matters to a Vote of Security Holders**

On October 27, 2025, the Federal Home Loan Bank of Indianapolis ("Bank") certified the results of the election of two independent directors and two Indiana member directors to the Bank's Board of Directors ("Board"), each with terms beginning January 1, 2026, and ending on December 31, 2029. Each of the elected directors' Board Committee assignments will be determined at a meeting of the Board of Directors and shall be disclosed on an amendment to this filing on Form 8-K/A.

Pursuant to the terms of the Federal Home Loan Bank Act and Federal Housing Finance Agency ("Agency") regulations, the members of the Bank elect member directors from their state to the Board from a slate of nominees who must be a director or officer of a member located in that particular state. The nominations are made by the member institutions, not by management of the Bank. Director elections are held by direct ballot and not by proxy or at a shareholder meeting. All of the elected nominees must certify that they are eligible to serve as a director in accordance with the regulations of the Agency by completing an Agency-prescribed eligibility certification form.

**Independent Director District-Wide Election**

By regulation, all individuals proposed for nomination by the Board for independent directorships after consultation with the Bank's Affordable Housing Advisory Council, must be reviewed by the Agency. This review was conducted by the Agency before the slate selected by the Board was submitted to the members for voting. Any independent director or nominee for an independent directorship must have experience in, or knowledge of, one or more of the following areas: auditing and accounting; derivatives; financial management; organizational management; project development; risk management practices; and the law. A public interest director must have more than four years' experience representing consumer or community interests in banking services, credit needs, housing, or consumer financial protections.

There were two district-wide independent director seats open.

Michael E. Bosway was elected as an independent director, with 3,240,202 shares voted in his favor. Mr. Bosway is a retired Financial Services Professional in Indianapolis, Indiana.

Perry G. Hines was elected as an independent director, with 3,272,148 shares voted in his favor. Mr. Hines is president and CEO of Wheeler Mission in Indianapolis, Indiana.

**Indiana Member Director Election**

Two Indiana member director seats were open.

Mr. J. Daniel Maddox was elected, with 2,247,127 shares voted in his favor. Mr. Maddox is the chairman and chief executive officer of Citizens State Bank of New Castle.

Mr. Larry W. Myers was elected, with 2,045,763 shares voted in his favor. Mr. Myers is the president and chief executive officer of First Savings Bank.

The member director candidate not elected was Mr. Jason M. Osterhage, with 983,708 shares voted in his favor. Mr. Jason M. Osterhage is the president and chief executive officer of Everwise Credit Union.

------

**Michigan Member Director Election**

There were no Michigan member director seats open.

**Additional Information**

Exhibit 99.1 (Letter to Members - Election Results) includes additional information on the election results including on the total number of Bank members eligible to vote by state and the total number of Bank members that cast votes. This information is incorporated into this report by reference.

**Directors' Compensation and Expense Reimbursement Policy**

The newly elected directors will be paid director fees in accordance with the Bank's 2026 Directors' Compensation and Expense Reimbursement Policy ("The Policy"), which will be determined at a meeting of the Board of Directors. The Policy shall be disclosed on an amendment to this filing on Form 8-K/A.

The Bank is a cooperative, and most of the Bank's business is conducted with its members. In the normal course of business, the Bank extends credit to members whose officers or directors may serve as member directors of the Bank on market terms that are no more favorable to them than the terms of comparable transactions with other members who are not considered related persons. For further information, see "Item 13. Certain Relationships and Related Transactions, and Director Independence Related Persons and Related Transactions" commencing on page 179 of the Bank's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on March 13, 2025. Furthermore, the Bank has not engaged in any transactions with any of the elected independent directors or members of their immediate families that would require disclosure under applicable rules and regulations.

**Item 9.01. Financial Statements and Exhibits**

A copy of the letter to shareholders announcing the results of the member director elections, which will be emailed on October 28, 2025, is attached as Exhibit 99.1 and incorporated by reference in this report. A copy of the Bank's news release dated October 28, 2025, is attached as Exhibit 99.2 to this report.

---

| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| 99.1 | <u>[Letter to Members - Election Results](ex9912025electionlettertom.htm)</u> |
| 99.2 | <u>[News Release - 2025 Election Results](ex992newsrelease-2025elect.htm)</u> |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL) |

---

**SIGNATURE**

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.

Date: October 28, 2025

---

| | |
|:---|:---|
| **FEDERAL HOME LOAN BANK OF INDIANAPOLIS** | **FEDERAL HOME LOAN BANK OF INDIANAPOLIS** |
| By: | /s/BRENDAN W. MCGRATH |
|  | Brendan W. McGrath |
|  | President - Chief Executive Officer |

---

## Exhibit 99.1

Exhibit 99.1

![header1a.jpg](header1a.jpg)

October 27, 2025

Re: 2025 Indiana Member Directors and District-Wide Independent Directors Election Results

Dear Member:

The Federal Home Loan Bank of Indianapolis ("FHLBank Indianapolis") is pleased to announce the results of the 2025 Board of Directors election.

_________________________________________________________________________

**Independent Director District-Wide Election – Two Directors**

_________________________________________________________________________

In the 2025 district-wide election, the members elected two incumbent directors. Each of the directors shall serve a four-year term beginning on January 1, 2026 and ending on December 31, 2029.

---

| | |
|:---|:---|
| Number of Indiana members eligible to vote | 153 |
| Number of Michigan members eligible to vote | 206 |
| Total members eligible to vote | 359 |
| Number of Indiana members casting votes | 81 |
| Number of Michigan members casting votes | 64 |
| Total members casting votes | 145 |
| Total eligible votes for each directorship | 6468087 |

---

![footera.jpg](footera.jpg)

------

October 27, 2025

Page 2 of 3

---

| | | | |
|:---|:---|:---|:---|
| **<u>Independent Director Elect</u>** | **<u>Qualifications<sup>1</sup></u>** | **<u>City, State</u>** | **<u>Votes Received</u>** |
| ***Michael E. Bosway\****<br>Executive in Financial<br>Services  | *Auditing and accounting, financial management, project development, law, derivatives, organizational management, risk management practices* | Indianapolis, Indiana | 3240202 |
| ***Perry G. Hines\****<br>CEO<br>Wheeler Mission  | *Auditing and accounting, financial management, project development, organizational management, risk management practices* | Indianapolis, Indiana | 3272148 |

---

***\*Elected***

***\*\*Public Interest Directorship***

[No open seats for public interest directorship]

<sup>1</sup> 12 CFR § 1261.7(e), provides in part, "(1) Each independent director and each nominee for an independent directorship, other than a public interest directorship, shall have experience in, or knowledge of, one or more of the following areas: auditing and accounting, derivatives, financial management, organizational management, project development, risk management practices, and the law….(2) Each public interest independent director and each nominee for a public interest directorship shall have more than four years of experience representing consumer or community interests in banking services, credit needs, housing or consumer financial protection."

------

October 27, 2025

Page 3 of 3

________________________________________________________________________

**Indiana – Elected Member Director – Two Directors**

_________________________________________________________________________

In the 2025 Indiana member directorship election, the Indiana members re-elected two incumbent directors. Each of the directors shall serve a four-year term beginning on January 1, 2026, and ending on December 31, 2029.

---

| | |
|:---|:---|
| Number of Indiana members eligible to vote | 153 |
| Number of Indiana members casting votes | 114 |
| Total eligible votes for each directorship | 3893338 |

---

---

| | | |
|:---|:---|:---|
| **<u>Member Director Elect</u>** | **<u>City, State</u>** | **<u>Votes Received</u>** |
| ***Daniel Maddox\****<br>Chairman and CEO<br>Citizens State Bank of New Castle<br>(FHFA ID 11537) | New Castle, Indiana | 2247127 |
| ***Larry W. Myers\****<br>President and CEO<br>First Savings Bank<br>(FHFA ID 4433) | Jeffersonville, Indiana | 2045763 |
| Jason M. Osterhage<br>President and CEO<br>Everwise Credit Union<br>(FHFA ID 9917) | South Bend, Indiana | 983708 |

---

***\*Elected***

Thank you for participating in this year's election process. Your contribution ensures sound representation on our Board of Directors for the mutual benefit of the FHLBank Indianapolis and all of the members it serves.

Sincerely,

<u>/s/ Esther Earbin Sandlin</u> 

Esther Earbin Sandlin

Corporate Secretary

CC: Federal Housing Finance Agency

## Exhibit 99.2

Exhibit 99.2

![image.jpg](image.jpg)

**NEWS RELEASE**

![image1.jpg](image1.jpg)

FOR IMMEDIATE RELEASE <br> October 28, 2025

**Federal Home Loan Bank of Indianapolis announces 2025 Board of Directors election results**

The Federal Home Loan Bank of Indianapolis ("FHLBank Indianapolis" or "Bank") today announced the results of the election of two Indiana Member Directors and two Independent Directors to its Board of Directors ("Board"). The following individuals were elected to the Board and will each serve four-year terms beginning Jan. 1, 2026.

The Indiana Member Directors are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **J. Daniel Maddox**, chairman and CEO, Citizens State Bank of New Castle, New Castle, Ind. Maddox, who also served as chief operating officer of Citizens State Bank, serves on the board of the Indiana Bankers Association and the Indiana State Chamber of Commerce. Maddox earned a Bachelor of Arts in History from the University of Vermont, and a Certificate of Executive Leadership from the University of Wisconsin-Madison's Graduate School of Banking. Maddox joined the FHLBank Indianapolis Board of Directors as an Indiana Member Director in April 2024 and currently serves as the Vice Chair of the Security/Technology Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Larry W. Myers**, president and CEO, First Savings Bank, Jeffersonville, Ind. Myers, who also served as chief operating officer of First Savings Bank, earned a bachelor's degree in science and an MBA from the University of Kentucky. Myers joined the FHLBank Indianapolis Board of Directors as an Indiana Member Director in 2018 and was elected as Board Vice Chair beginning in January 2025.

The Independent Directors are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Michael E. Bosway**, financial services executive, Indianapolis, Ind. Bosway retired from Stifel Nicolaus & Company in Indianapolis, where he served as managing director of investments for the Central Great Lakes Division. Previously, he was president and CEO of City Securities Corporation until its merger with Stifel Nicolaus & Company. Bosway earned a bachelor's degree in economics from the University of Dayton and an MBA from The Ohio State University. Bosway joined the FHLBank Indianapolis Board of Directors as an Independent Director in 2022 and currently serves as the Chair of the Finance/Budget Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Perry G. Hines**, president and CEO, Wheeler Mission, Indianapolis, Ind. Previously, Hines served as chief development officer at Wheeler. He earned a bachelor's degree in journalism and government from Western Kentucky University, and a master's degree in business administration and marketing from the University of Minnesota Carlson School of Business. Hines joined the FHLBank Indianapolis Board of Directors as an Independent Director in 2022 and currently serves as the Vice Chair of the Human Resources/Compensation Committee.

------

Exhibit 99.2

Annually, the Director of the Federal Housing Finance Agency determines the size of the Board and designates at least a majority, but no more than 60%, of the directorships as member directorships and the remainder as independent directorships. Independent directors are nominated by the Board after consultation with the Bank's Affordable Housing Advisory Council and the Federal Housing Finance Agency.

###

**Media Contact:** 

For more information, contact John Bingham, SVP, MPP and Corporate Communications, at jbingham@fhlbi.com.

**Building Partnerships. Serving Communities.**

For more information about FHLBank Indianapolis, visit www.fhlbi.com. Also, follow the Bank on LinkedIn, as well as Instagram and X at @FHLBankIndy. Please note that content the Bank shares on its website and social media is not incorporated by reference into any of its filings with the SEC unless, and only to the extent that, a filing by the Bank with the SEC expressly provides to the contrary.

<br>