# EDGAR Filing Document

**Accession Number:** 0001331451
**File Stem:** 0001331451-25-000238
**Filing Date:** 2025-12
**Character Count:** 11453
**Document Hash:** 92c66cc011ac1c33f751ed3d2874c959
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001331451-25-000238.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0001331451-25-000238

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251124

**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**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federal Home Loan Bank of Chicago
- **CENTRAL INDEX KEY:** 0001331451
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-51401
- **FILM NUMBER:** 251537633

**BUSINESS ADDRESS:**
- **STREET 1:** 433 WEST VAN BUREN STREET
- **STREET 2:** SUITE 501S
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60607
- **BUSINESS PHONE:** (312)565-5700

**MAIL ADDRESS:**
- **STREET 1:** 433 WEST VAN BUREN STREET
- **STREET 2:** SUITE 501S
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60607

?xml version='1.0' encoding='ASCII'? fhlbc-20251124

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 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): November 24, 2025**

**FEDERAL HOME LOAN BANK OF CHICAGO**

**(Exact name of registrant as specified in its charter)**

---

| | | | |
|:---|:---|:---|:---|
| **Federally chartered corporation** | **Federally chartered corporation** | **000-51401** | **36-6001019** |
| (State or other jurisdiction of incorporation) | (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| **433 West Van Buren Street, Suite 501S** | **433 West Van Buren Street, Suite 501S** | | **60607** |
| **Chicago,** | **IL** | | (Zip Code) |
| (Address of principal executive offices) | (Address of principal executive offices) | | |

---

**(312) 565-5700**

**(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 (<u>see</u> General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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>   

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

The Board of Directors ("Board") of the Federal Home Loan Bank of Chicago (the "Bank") is comprised of member directors and independent directors who are elected by the Bank's members in accordance with the rules governing the election of Federal Home Loan Bank directors specified in the Federal Home Loan Bank Act ("Bank Act") and the related regulations of the Federal Housing Finance Agency ("FHFA"), as discussed under Item 10 – Directors, Executive Officers, and Corporate Governance on page 83 of the Bank's 2024 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2025 ("2024 Form 10-K").

On December 1, 2025, the Bank announced that the following director has been elected to its Board as a member director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Bradley J. Schroeder, Chairman, President and Chief Executive Officer of DMB Community Bank, Madison, Wisconsin, was elected to serve a four-year term on the Board beginning January 1, 2026 and ending December 31, 2029;

In addition, on December 1, 2025, the Bank announced that the following directors have been elected to its Board as independent directors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Phyllis Lockett, CEO of Leap-X, Chicago, Illinois was re-elected to serve a four-year term on the Board as an independent director beginning January 1, 2026 and ending December 31, 2029; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Mary R. Wright, Fitchburg, Wisconsin, was elected to serve a four-year term on the Board as a public interest independent director beginning January 1, 2026 and ending December 31, 2029.

The Board has not yet determined on which committees each of the directors elected will serve beginning in 2026.

All directors serving on the Bank's Board for 2026 are expected to receive compensation under the Bank's 2026 Board of Directors Compensation Policy, which has not yet been approved by the Board. All directors are also entitled to participate in a non-qualified, unfunded, deferred compensation plan, under which each Bank director has the opportunity to defer all or a portion of their compensation.

Pursuant to the Bank Act and FHFA regulations, the Bank's member directors are required to be an officer or director of a member of the Bank. The Bank is a cooperative, and conducts its advances business, the Mortgage Partnership Finance Program, and letters of credit almost exclusively with its members. Therefore, in the normal course of business, the Bank extends credit to members whose officers or directors may serve as Bank directors. The Bank extends credit to these members on market terms that are no more favorable than the terms of comparable transactions with other members who are not considered related parties. Additionally, the Bank's community investment activities may involve a member with an officer or director who is a Bank director, or another entity with an officer or director who serves as Bank director. These transactions are conducted in the ordinary course of business of the Bank's business and are subject to the same eligibility and other program criteria and requirements as all other comparable transactions the Bank enters into. For further discussion, see "Related Persons and Related Transactions" on page 117 of the Bank's 2024 Form 10-K.

**Item 5.07 Submission of Matters to a Vote of Security Holders.**

On November 24, 2025, the Bank declared the voting results for its 2025 election of member and independent directors, which the Bank announced as described in Item 5.02 of this Current Report on Form 8-K (this "Form 8-K"). Complete voting results are included in the Bank's Letter to Members dated December 1, 2025, attached as Exhibit 99.1 to this Form 8-K.

**Item 7.01 Regulation FD Disclosure.**

Attached as Exhibit 99.1 to this Form 8-K is a copy of the Bank's Letter to Members dated December 1, 2025, regarding the results of the 2025 election for member and independent directors. The information being furnished pursuant to Item 7.01 on this Form 8-K and the information contained in Exhibit 99.1 to this Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

------

**Item 9.01 Financial Statements and Exhibits** 

**(d) Exhibits**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](exhibit991fhlbankchicagodi.htm) | [Letter to Members dated December 1, 2025](exhibit991fhlbankchicagodi.htm) |
| 104 | Cover Page Interactive Data File (Formatted as inline XBRL) |

---

------

**Signature(s)**

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.

---

| | |
|:---|:---|
| | **Federal Home Loan Bank of Chicago** |
| | <u>By: /s/ Laura M. Turnquest</u> |
| | Name: Laura M. Turnquest |
| Date: December 1, 2025 | Title: Executive Vice President, General Counsel, and Corporate Secretary |

---

## Exhibit 99.1

---

| | |
|:---|:---|
| ![fhlbclogo.jpg](fhlbclogo.jpg) | **EXHIBIT 99.1**<br>433 West Van Buren Street, Suite 501S<br>Chicago, Illinois 60607<br>312.565.5700 \| fhlbc.com |

---

**Federal Home Loan Bank of Chicago**

**2025 Board of Directors Election Results**

**December 1, 2025**

The Federal Home Loan Bank of Chicago is pleased to announce the results of the 2025 election of Federal Home Loan Bank of Chicago member and independent directors for member institutions in Illinois and Wisconsin. The directors' 4-year terms will begin on January 1, 2026, and end on December 31, 2029.

---

| | | | |
|:---|:---|:---|:---|
| **Wisconsin** | Members Eligible to Vote | Members Casting Votes | Total<br>Eligible Votes |
| **One Seat** | 227 | 108 | 3616661 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Candidate(s)** | **Votes** | **FHFA ID** |
| | James H. Hegenbarth<br>President and Director<br>Bank CMG<br>Madison, Wisconsin | 898257 | 13014 |
| **Elected** | Bradley J. Schroeder<br>Chairman, President & Chief Executive Officer<br>DMB Community Bank<br>Madison, Wisconsin | 1062067 | 10002 |
|  | **Total Number of Votes Cast** | 1960324 |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Independent Director** | Members Eligible to Vote | Members Casting Votes | Total<br>Eligible Votes |
| **Two Seats** | 643 | 201 | 8757745 |

---

---

| | | |
|:---|:---|:---|
| | **Candidate(s)** | **Votes** |
| **Elected** | Phyllis Lockett<br>CEO<br>LEAP-X<br>Chicago, Illinois | 2,790,365 |
| **Elected**<br>Public Interest | Mary R. Wright<br>Fitchburg, Wisconsin | 2,788,689 |

---

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 Chicago and its member-stockholders. For your reference, the biographies including the qualifications of the newly elected directors are located on fhlbc.com.

Sincerely,

/s/Laura M. Turnquest

Laura M. Turnquest

Executive Vice President,

General Counsel &

Corporate Secretary

<br>