HBNC · Horizon Bancorp, Inc.

Summary

On March 3, 2026, Horizon Bancorp, Inc. announced the elimination of the Chief Administration Officer position at the Company and Horizon Bank, effective March 31, 2026, resulting in the departure of Mark E. Secor, Executive Vice President and Chief Administration Officer. The departure is not due to any disagreement on financial, accounting, or other matters, and includes severance under the Bank's policy.

Key takeaways

• Position of Chief Administration Officer eliminated effective March 31, 2026
• Mark E. Secor, Executive Vice President and Chief Administration Officer, departs effective March 31, 2026
• Departure to pursue other business opportunities, not related to disagreements
• Severance: one week pay per full year of service, max 13 weeks, based on weekly rate at departure
• Pro-rated 2026 Executive Officer Bonus Plan cash bonus at target
• Customary general release with 7-day revocation period