First Merchants CEO Mark Hardwick to retire; Mike Stewart to succeed him Jan. 1, 2027
First Merchants announced on October 1, 2026 that CEO Mark Hardwick will retire at the end of 2026 after 29 years with the bank. The Board named President Mike Stewart, who has been with the bank for more than 18 years, to become President and CEO effective January 1, 2027, as part of the executive succession plan. The filing reports no new compensation arrangements for Stewart beyond existing ones, and it discloses no change to financial results.
Key points
- Mark Hardwick, CEO, to retire; retirement effective January 1, 2027 per the 8-K
- Mike Stewart, current First Merchants Bank President with more than 18 years at the bank, to become President and CEO effective January 1, 2027
- Stewart's background is incorporated by reference from the April 3, 2026 proxy statement; no new compensation arrangements were entered into per the filing
The filing
Written by AI on Nov 9, 2026, 8:51 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 October 01, 2026.
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.