0001104659-19-054814.txt : 20191018 0001104659-19-054814.hdr.sgml : 20191018 20191018080125 ACCESSION NUMBER: 0001104659-19-054814 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191018 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20191018 DATE AS OF CHANGE: 20191018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MUTUALFIRST FINANCIAL INC CENTRAL INDEX KEY: 0001094810 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 371392810 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27905 FILM NUMBER: 191156635 BUSINESS ADDRESS: STREET 1: 110 E CHARLES STREET CITY: MUNCIE STATE: IN ZIP: 47305 BUSINESS PHONE: 7657472800 MAIL ADDRESS: STREET 1: 110 E CHARLES STREET CITY: MUNCIE STATE: IN ZIP: 47305 FORMER COMPANY: FORMER CONFORMED NAME: MFS FINANCIAL INC DATE OF NAME CHANGE: 19990910 8-K 1 tm1920489d1_8k.htm FORM 8-K

 

 

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)   October 18, 2019 

 

MUTUALFIRST FINANCIAL, INC.

 

(Exact name of registrant as specified in its charter)

 

Maryland   000-27905   35-2085640

(State or other jurisdiction

of incorporation)

   (Commission File No.)  

(IRS Employer

Identification No.)

 

110 E. Charles Street, Muncie, Indiana   47305-2419
(Address of principal executive offices)   (Zip Code)

 

Registrant's telephone number, including area code: (765) 747-2800

 

 

 

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:

 

¨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

Common Stock MFSF The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in 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 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On October 18, 2019, MutualFirst Financial, Inc. (the “Company”) issued a press release announcing the sudden passing of Patrick Botts, the President of its wholly owned subsidiary, MutualBank and a director of both the Company and MutualBank. A copy of the press release is filed as Exhibit 99.1 hereto and incorporated herein by reference.

 

Effective October 16, 2019, as a result of Mr. Bott’s passing, the board of directors of MutualBank appointed David W. Heeter, the current President and Chief Executive Officer of the Company and current Chief Executive Officer of MutualBank to the position of President and Chief Executive Officer of MutualBank.

 

Mr. Heeter is currently a director of the Company and MutualBank. As a result of the vacancy on the board of directors of the Company and Mutual Bank that was created by Mr. Botts passing, effective October 16, 2019 the board of directors of the Company and MutualBank also reduced the size of their respective boards to twelve members.

 

Item 9.01Financial Statements and Exhibits.

 

(d)Exhibits

 

Exhibit No.

  

Description

99.1   Press Release Dated October 18, 2019.

 

 

 

  

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 thereunto duly authorized.


  MUTUALFIRST FINANCIAL, INC.  
       
Date: October 18, 2019 By: /s/ David W. Heeter    
    David W. Heeter  
    President and Chief Executive Officer  

 

 

 

 

EXHIBIT INDEX

 

 

 

Exhibit Number 

  

Description

99.1   Press Release, dated October 18, 2019


 


 

 

 

 

 

 

 

 

 EX-99.1 2 tm1920489d1_ex99-1.htm EXHIBIT 99.1

MutualFirst Financial, Inc. Mourns The Loss Of MutualBank's President And Chief Operating Officer Patrick Botts; Appoints David W. Heeter President And Chief Executive Officer Of MutualBank

MUNCIE, Ind., Oct. 18, 2019 /PRNewswire/ -- MutualFirst Financial, Inc. (Nasdaq: MFSF) ("MutualFirst" or the "Company") announced today with great sadness the untimely passing of its director and MutualBank's (the "Bank") President and Chief Operations Officer Patrick Botts. He was 55.

"We are deeply saddened by Patrick's sudden passing," said David W. Heeter, MutualFirst's President and Chief Executive Officer. "He was the consummate professional, a strong leader of the Bank and a trusted friend. He has helped guide the Company and the Bank for over 33 years and it was a privilege and honor to know and work alongside him. All of us at MutualFirst and MutualBank will miss Pat greatly and we express our heartfelt condolences to his family for their loss."

Mr. Botts served as Executive Vice President of MutualFirst Financial and President and Chief Operating Officer of MutualBank since November 2003. During the years prior to that appointment, he had served as the Executive Vice President, Vice President of Human Resources, Marketing and Administration and Vice President of Retail Lending for the Bank and had been employed by the Bank since 1986. Under his leadership, MutualBank experienced growth in earnings and assets and successfully integrated the acquisitions of MFB Financial in 2008 and BloomBank in 2018.

As a result of Mr. Bott's passing, the board of directors of the Bank has appointed David W. Heeter as the President and Chief Executive Officer of MutualBank effective immediately. In addition, the boards of directors of MutualFirst and MutualBank have reduced the size of their respective boards from 13 members to 12 members.

MutualFirst Financial, Inc. is the parent company of MutualBank, an Indiana-based financial institution since 1889. MutualBank has thirty-nine full-service retail financial centers throughout Indiana. MutualBank has two offices located in Fishers and Crawfordsville, Indiana specializing in wealth management and trust services and a loan origination office in New Buffalo, Michigan. MutualBank also operates a wholly owned subsidiary named Summit Mortgage which operates out of Fort Wayne, Indiana. MutualBank provides a full range of financial services including commercial and business banking, personal banking, wealth management, trust services, investments and internet banking services. The Company's stock is traded on the NASDAQ Global Market under the symbol "MFSF". Additional information can be found online at www.bankwithmutual.com.

Statements contained in this release, which are not historical facts, are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.



CONTACT: MUTUALFIRST FINANCIAL, INC. David W. Heeter, (765) 747-2880