First Interstate BancSystem Inc.
09/09/2025 | Press release | Distributed by Public on 09/09/2025 14:48
Regulation FD Disclosure, Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 3, 2025, First Interstate BancSystem, Inc. (the "Company") disclosed that, in connection with its internal realignment of senior management under the direction of the Company's President and Chief Executive Officer, James A. Reuter, effective as of September 10, 2025, the Company's Chief Banking Officer position would be separated and transitioned to a two person Co-Chief Banking Officer position, with Lorrie Asker, the Company's former sole Chief Banking Officer and a named executive officer in the Company's 2024 annual meeting proxy statement, being appointed to serve as one Co-Chief Banking Officer and, as described further below, Chris Shepler being appointed to serve as the other Co-Chief Banking Officer. Except for the change in title and responsibilities described herein, no other changes or amendments or modifications were made to Ms. Asker's employment with the Company. The Company believes, like other financial institutions of a similar or larger size and geographical reach, that adding to its leadership in this position will improve its operations and benefit the organization and its stockholders.
Item 7.01 Regulation FD Disclosure.
On September 3, 2025, the Company appointed Mr. Shepler accepted the Company's appointment as Co-Chief Banking Officer for the Company effective as of September 10, 2025. Mr. Shepler has more than 30 years of leadership experience in commercial, business, wealth, and consumer/small business banking, and he most recently served as Managing Director and National Commercial Banking Region Coverage Executive at Wells Fargo. In his role as Co-Chief Banking Officer, Mr. Shepler will cover branches in Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota, and in her new role as Co-Chief Banking Officer, Ms. Asker will cover branches in Arizona, Idaho, Montana, Oregon, Washington, and Wyoming. There was no arrangement or understanding with any other person pursuant to which Mr. Shepler was appointed to this position, and since the beginning of the Company's last fiscal year, Mr. Shepler has not engaged in any transaction with the Company that would be reportable as a related person transaction under applicable rules of the Securities and Exchange Commission.
First Interstate BancSystem Inc. published this content on September 09, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 09, 2025 at 20:49 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]