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TMCNet:  FIRST INTERNET BANCORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

[August 05, 2014]

FIRST INTERNET BANCORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 1, 2014, Kay Whitaker, Senior Vice President and Chief Financial Officer and Secretary of First Internet Bancorp, informed the company of her intention to resign from all positions with the company, effective August 18, 2014. Ms. Whitaker will remain as an employee of the company through September 30, 2014, primarily for transition purposes.


On August 1, 2014, the company appointed Kenneth J. Lovik to the offices of Senior Vice President and Chief Financial Officer, effective August 18, 2014.

A copy of the press release dated August 5, 2014, announcing these events is attached as Exhibit 99.1 to this current report on Form 8-K.

Mr. Lovik, age 44, most recently served as Senior Vice President, Investor Relations and Corporate Development, at First Financial Bancorp, a publicly traded bank holding company headquartered in Cincinnati, Ohio, from April 2013 to May 2014. Prior to that, he served as its Vice President, Investor Relations, from March 2010 to April 2013. Before First Financial Bancorp, he served as Vice President - Investment Banking at Milestone Advisors, LLC from October 2008 to September 2009 and in the same position at Howe Barnes Hoefer & Arnett, Inc.

from 2004 to July 2008. None of the company's current directors or executive officers has a family relationship with Mr. Lovik.

In connection with Ms. Whitaker's departure, the Compensation Committee of the Company's Board of Directors approved the vesting of 10,044 shares of restricted common stock to be effective on January 1, 2015, which was issued pursuant to a restricted stock award originally granted on July 22, 2013 under the Company's 2013 Equity Incentive Plan.

In connection with Mr. Lovik's appointment, the Compensation Committee set his initial annual base salary at $250,000. He will participate in the company's Senior Management Bonus Plan on a pro rata basis for the portion of the fiscal year and is expected to participate in the Company's other benefits and incentive programs on a basis corresponding to that of the company's other senior executives.

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press release dated August 5, 2014.

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