Horizon Bancorp Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Horizon Bancorp, Inc. (HBNC) on January 26, 2026, covering events occurring on January 20, 2026. The filing addresses significant changes to the composition of the Company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Retirement of James B. Dworkin: Mr. Dworkin will retire from the Board at the end of his current term and will not stand for re-election at the 2026 annual meeting. He currently serves as Chairman of the Wealth Management Committee and a member of the Audit Committee.
- Resignation of Julie S. Freigang: Ms. Freigang resigned from the Board effective January 20, 2026. She currently serves as Chairwoman of the Operations & Cyber Security Committee and a member of the Audit Committee.
- Board Size Reduction: The Board size was decreased from 13 to 12 members effective January 20, 2026. It is scheduled to decrease further from 12 to 11 members following the annual meeting on May 7, 2026.
Outlook, Risks, and Management Commentary
Management confirmed that the departures of Mr. Dworkin and Ms. Freigang were not the result of any disagreement with the Board or management. A press release detailing these events was issued on January 26, 2026, and is included as Exhibit 99.1.
Key Facts for Investor Verification
- Verify the timeline for the reduction of the Board size from 13 to 11 members.
- Confirm the appointment of new directors to replace Mr. Dworkin and Ms. Freigang, if applicable.
- Review the impact of these departures on the composition of the Audit, Wealth Management, and Operations & Cyber Security committees.