Short answer
1ST SOURCE CORP (SRCE) filed an 8-K current report with the SEC on April 24, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 5.07 (Submission of Matters to a Vote of Security Holders). Shareholders approved expanded equity incentive capacity across three plans at the April 23, 2026 annual meeting.
1ST SOURCE CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Shareholders approved expanded equity incentive capacity across three plans at the April 23, 2026 annual meeting
- EIP Plan reserves 1,250,000 shares, replacing the prior 0.60% annual issuance limit
- SDIP reserves 100,000 shares, replacing the prior $3 million annual share-issuance limit
- Restricted Stock Plan share availability increased to 500,000 shares
- Stock-dividend and split adjustments preserve proportional award capacity, increasing potential future dilution flexibly
Item 5.07 · Submission of Matters to a Vote of Security Holders
- Four director nominees elected for terms expiring April 2029, including Christopher J. Murphy III and Andrea G. Short
- Executive compensation advisory vote approved, with 19,414,402 votes for
- Amended incentive plans approved, strengthening shareholder authorization for executive and strategic compensation
- Restricted stock plan amendment approved, increasing shares available for issuance to 500,000
- Forvis Mazars LLP accounting firm appointment ratified for fiscal 2026 with 23,286,804 votes for
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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