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AI brief of an SEC Form 8-K · Banner (BANR)

Banner Corp adds Millicent Tracey to board, expanding it from 11 to 12 directors

Neutral Impact 2 of 5 leadership Written later

Banner Corporation's board elected Millicent Tracey as a director effective September 1, 2025, and she was also named to the Banner Bank board. The board increased its size from 11 to 12 directors, and the filing describes her as independent under NASDAQ standards with more than 20 years of financial services experience.

Key points

  • Tracey was elected August 29, 2025, effective September 1, 2025, and joins the Corporate Governance/Nominating and Risk Committees
  • Annual cash retainer of $55,000 plus RSUs with a grant date fair value of $65,000, prorated through May 20, 2026
  • Board expanded from 11 to 12 directors effective September 1, 2025

The filing

CompanyBanner (BANR)
Form8-K, current report
Filed with the SECSep 3, 2025, 4:35 PM ET
Accession number0000946673-25-000062

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 03, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.