8-K: Midland States Bancorp CAO Retirement, CFO Assumes Role

Midland States Bancorp's Chief Accounting Officer, Donald J. Spring, will retire effective January 2, 2026, with CFO Eric T. Lemke assuming his duties.

Summary

• Donald J. Spring, Chief Accounting Officer & Corporate Controller at Midland States Bank and principal accounting officer of Midland States Bancorp, Inc., announced his intention to retire.
• Mr. Spring's retirement is effective January 2, 2026.
• Eric T. Lemke, the company's Chief Financial Officer, will assume the role of principal accounting officer upon Mr. Spring's retirement.

Sentiment

Score: 5

Explanation: The filing reports a routine executive retirement with a clear internal succession plan, which is generally neutral in sentiment. There are no explicit positive or negative financial implications mentioned.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding financial performance or strategic direction.

Industry Context

Executive retirements and internal successions are common occurrences in the banking industry, reflecting standard corporate governance and succession planning practices. The transition of the principal accounting officer role to the existing Chief Financial Officer is a common approach to maintain continuity and leverage existing leadership expertise.

Management Changes

Stakeholder Impact

• Shareholders: The transition of the principal accounting officer role to the existing CFO may provide continuity and stability in financial reporting.
• Employees: A change in senior leadership, even through retirement, can lead to minor organizational adjustments.

Next Steps

• Eric T. Lemke will officially assume the role of principal accounting officer on January 2, 2026.

Key Dates

Keywords

Midland States Bancorp, MSBI, Chief Accounting Officer, CAO, retirement, executive change, corporate controller, principal accounting officer, Eric T. Lemke, Donald J. Spring