Hawthorn Bancshares, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Hawthorn Bancshares, Inc. (NASDAQ: HWBK) on September 3, 2024. The report discloses a corporate governance change involving the election of a new advisory director.
Key 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 personnel changes and does not contain financial performance data.
Material Changes
On September 3, 2024, Bob Regnier was elected to serve as a non-voting advisory director on both the Hawthorn Bancshares, Inc. and Hawthorn Bank boards of directors, effective immediately. Mr. Regnier will not serve on any board committees.
Guidance, Outlook, and Management Commentary
- Compensation: Mr. Regnier is eligible to receive compensation in accordance with the Company's standard arrangements for non-employee directors, as detailed in the definitive proxy statement filed on April 19, 2024.
- Related Transactions: The Company is not aware of any reportable transactions involving Mr. Regnier under Item 404(a) of Regulation S-K.
- Arrangements: There is no arrangement or understanding with any other person regarding Mr. Regnier's selection.
Investor Verification Checklist
- Verify the specific compensation terms for non-employee directors in the Schedule 14A proxy statement filed on April 19, 2024.
- Confirm the effective date of Mr. Regnier's advisory role (September 3, 2024).
- Note that Mr. Regnier holds a non-voting advisory position and will not serve on any committees.