FIRST MERCHANTS CORP 8-K

What Happened
First Merchants Corporation (FRME) announced on February 9, 2026 that its Board of Directors has been increased from 12 to 13 members and appointed Larry W. Myers to fill the new Class III vacancy. Mr. Myers’ initial term runs until the 2026 Annual Meeting of Shareholders, when he will be considered for election to a one-year term. He has been named to the Corporation’s Risk and Credit Policy Committee.

Key Details

• Board size increased from 12 to 13 with the additional Class III seat; appointment date: February 9, 2026.
• Mr. Myers’ initial term ends at the 2026 Annual Meeting; he will then be eligible for a one-year director term.
• Compensation: entitled to a pro rata portion of the standard director annual retainer and participation in the Equity Compensation Plan for Non-Employee Directors, but director pay will not begin until Q3 2026 because he will be an employee through the First Savings Bank merger integration date; will receive salary as a temporary employee until then.
• No other material plan, contract, or related-party transactions requiring Item 404 disclosure were reported in connection with his appointment.

Why It Matters
Board appointments can affect governance and risk oversight. Adding Mr. Myers and placing him on the Risk and Credit Policy Committee signals an update to board composition ahead of the 2026 Annual Meeting. Investors should note the timing of director compensation (delayed until Q3 2026) and that the appointment coincides with the company’s ongoing First Savings Bank merger integration (as referenced in the filing).