Federal Home Loan Bank of Chicago: director election results

What happened

• The Federal Home Loan Bank of Chicago filed an 8-K on Oct 26, 2026 announcing that it elected 3 directors to four-year terms beginning Jan 1, 2027 and ending Dec 31, 2030. The filing states the Bank "announced" the re-election of Betsy A. Johnson, chairman and chief executive officer of Solutions Bank, Forreston, Illinois, the election of James H. Hegenbarth, president and director of Bank CMG, Madison, Wisconsin (previously declared director-elect in an 8-K dated Sep 15, 2026), and the re-election of Kevin L. Newell, founder and CEO of Royal Capital Group, Milwaukee, Wisconsin, as a public interest independent director.

Key details

• Terms: each elected director will serve a four-year term from Jan 1, 2027 through Dec 31, 2030.
• Compensation: the Board has not yet approved the Bank’s 2027 board compensation policy; all 2027 directors are expected to receive compensation under that policy and may participate in a non-qualified, unfunded, deferred compensation plan.
• Vote results and matters: the Bank declared voting results for the 2026 director election on Oct 23, 2026 and furnished a letter to members dated Oct 26, 2026 as Regulation FD disclosure.
• Related-party note: the filing reiterates that member directors must be officers or directors of Bank members and that the Bank extends credit to members in the ordinary course on market terms no more favorable than comparable transactions; see the Bank’s 2025 Form 10-K for further discussion.

Why it may matter

• The filing was made under Item 5.02 (departure/election of directors), Item 5.07 (submission of matters to a vote of security holders), and Item 7.01 (Regulation FD disclosure). Item 5.02 reports the election of member and independent directors and related disclosures; Item 5.07 reports the vote results; Item 7.01 furnishes the letter to members.
• The filing does not show why the insider traded or why the company acted.