First Merchants Corp Director Resigns; Board Size Reduced

What Happened
First Merchants Corporation announced in an 8-K that Dr. Mung Chiang notified the company of his resignation from the Board of Directors, effective immediately on July 1, 2026. The filing states his resignation is not due to any disagreement with the company’s operations, policies, or practices, but stems from a change in his professional responsibilities that will relocate him outside the company’s primary market area.

Key Details

• Resignation effective: July 1, 2026 (immediate).
• Director: Dr. Mung Chiang.
• Reason given: change in professional responsibilities and relocation outside the Company’s primary market area.
• Board size will decrease from 13 members to 12 members upon the resignation.

Why It Matters
Director departures affect board composition and corporate governance. This filing informs investors that the resignation is voluntary and not related to disputes with management, and that the company’s board will be one member smaller until a replacement (if any) is named. Investors tracking governance, board experience, or upcoming director elections may want to note the change and watch for any follow-up announcements about a new appointment.