Short answer
BANNER CORP (BANR) filed an 8-K current report with the SEC on March 2, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Two new independent directors appointed effective March 1, 2026: Monica B. O'Reilly (Governance/Risk) and Judith A. Steiner (Credit Risk/Risk).
BANNER CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Two new independent directors appointed effective March 1, 2026: Monica B. O'Reilly (Governance/Risk) and Judith A. Steiner (Credit Risk/Risk)
- Board expanded from 12 to 13 directors; both also elected to Banner Bank subsidiary board
- Each director receives $55,000 annual cash retainer plus $65,000 RSU grant, plus additional committee retainers, prorated for partial 2026 service
- Both classified as independent under NASDAQ standards: no related-party conflicts or undisclosed arrangements
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