[8-K] First Interstate BancSystem, Inc. Reports Material Event
First Interstate BancSystem, Inc. announced that the Board appointed Ms. Renu Agrawal as a Class III director to fill a newly created vacancy, with her term expiring at the 2027 annual meeting. Ms. Agrawal brings extensive industry experience, including 13 years at Wells Fargo leading strategic initiatives and multiple divisions, prior COO roles at ValleyCrest Companies and Quisic Corporation, consulting experience at McKinsey, and earlier scientific work at Polaroid. The Board determined she is an independent director under NASDAQ rules. She will receive standard non-employee director compensation, including restricted stock units, and will join the Governance and Nominating Committee and the Technology, Innovation and Operations Committee. Following the appointment, the Board has 14 members across three classes.
First Interstate BancSystem, Inc. ha annunciato che il Consiglio ha nominato la Sig.ra Renu Agrawal come amministratrice di Classe III per coprire una nuova vacanza, con mandato in scadenza all'assemblea annuale del 2027. La Sig.ra Agrawal porta con sé una vasta esperienza nel settore, tra cui 13 anni in Wells Fargo guidando iniziative strategiche e diverse divisioni, precedenti incarichi come COO presso ValleyCrest Companies e Quisic Corporation, esperienza consulenziale presso McKinsey e precedenti attività scientifiche presso Polaroid. Il Consiglio ha stabilito che è un'amministratrice indipendente secondo le regole del NASDAQ. Riceverà la normale remunerazione prevista per i direttori non dipendenti, inclusi unità azionarie vincolate, e entrerà a far parte del Governance and Nominating Committee e del Technology, Innovation and Operations Committee. Dopo la nomina, il Consiglio è composto da 14 membri suddivisi in tre classi.
First Interstate BancSystem, Inc. anunció que la Junta nombró a la Sra. Renu Agrawal como directora de Clase III para cubrir una vacante recién creada, con mandato hasta la junta anual de 2027. La Sra. Agrawal aporta amplia experiencia en la industria, incluidos 13 años en Wells Fargo dirigiendo iniciativas estratégicas y varias divisiones, anteriores cargos de COO en ValleyCrest Companies y Quisic Corporation, experiencia consultora en McKinsey y trabajos científicos previos en Polaroid. La Junta determinó que es una directora independiente según las normas del NASDAQ. Recibirá la compensación estándar para directores no empleados, incluidas unidades restringidas de acciones, y se unirá al Governance and Nominating Committee y al Technology, Innovation and Operations Committee. Tras el nombramiento, la Junta cuenta con 14 miembros distribuidos en tres clases.
First Interstate BancSystem, Inc.는 이사회가 신설된 공석을 채우기 위해 Renu Agrawal 씨를 클래스 III 이사로 임명했으며 임기는 2027년 연차총회에서 만료된다고 발표했습니다. Agrawal 씨는 전략적 이니셔티브와 여러 부서를 이끈 Wells Fargo에서의 13년을 포함해 업계에서 폭넓은 경험을 보유하고 있으며, ValleyCrest Companies와 Quisic Corporation에서의 전(前) COO 경력, McKinsey에서의 컨설팅 경험, 그리고 Polaroid에서의 초기 과학 연구 경력이 있습니다. 이사회는 그녀가 NASDAQ 규정에 따른 독립 이사라고 판단했습니다. 그녀는 제한 주식 단위를 포함한 비임원 이사 표준 보수를 받게 되며 Governance and Nominating Committee와 Technology, Innovation and Operations Committee에 합류할 예정입니다. 임명 이후 이사회는 세 개의 계급으로 나뉜 14명의 이사로 구성됩니다.
First Interstate BancSystem, Inc. a annoncé que le Conseil d'administration a nommé Mme Renu Agrawal administratrice de classe III pour pourvoir un poste nouvellement créé, son mandat prenant fin lors de l'assemblée annuelle de 2027. Mme Agrawal apporte une vaste expérience sectorielle, notamment 13 ans chez Wells Fargo à la tête d'initiatives stratégiques et de plusieurs divisions, des fonctions antérieures de COO chez ValleyCrest Companies et Quisic Corporation, une expérience de conseil chez McKinsey et des travaux scientifiques antérieurs chez Polaroid. Le Conseil a déterminé qu'elle est une administratrice indépendante selon les règles du NASDAQ. Elle percevra la rémunération standard des administrateurs non salariés, y compris des unités d'actions restreintes, et rejoindra le Governance and Nominating Committee ainsi que le Technology, Innovation and Operations Committee. Après cette nomination, le Conseil compte 14 membres répartis en trois classes.
First Interstate BancSystem, Inc. gab bekannt, dass der Vorstand Frau Renu Agrawal als Class-III-Direktorin berufen hat, um eine neu geschaffene Vakanz zu besetzen; ihre Amtszeit endet auf der Hauptversammlung 2027. Frau Agrawal bringt umfassende Branchenerfahrung mit, darunter 13 Jahre bei Wells Fargo, in denen sie strategische Initiativen und mehrere Geschäftsbereiche leitete, frühere COO-Positionen bei ValleyCrest Companies und Quisic Corporation, Beratungserfahrung bei McKinsey sowie frühere wissenschaftliche Tätigkeiten bei Polaroid. Der Vorstand stellte fest, dass sie nach den NASDAQ-Regeln eine unabhängige Direktorin ist. Sie erhält die übliche Vergütung für nicht angestellte Direktoren, einschließlich Restricted Stock Units, und wird dem Governance and Nominating Committee sowie dem Technology, Innovation and Operations Committee beitreten. Nach der Ernennung zählt der Vorstand 14 Mitglieder in drei Klassen.
- Experienced senior banking and operations executive added to the Board after 13 years at Wells Fargo
- Independent director status confirmed under NASDAQ rules
- Assigned to Governance and Nominating and Technology, Innovation and Operations Committees
- Compensation aligns with existing non-employee director program, including restricted stock units
- None.
Insights
TL;DR: Addition of an independent director with senior banking and operations experience strengthens board oversight and committee expertise.
Ms. Agrawal's background in large-bank strategic initiatives and operational leadership adds relevant experience for oversight of technology, operations, and governance matters. Her appointment to the Governance and Nominating Committee and the Technology, Innovation and Operations Committee suggests the Board seeks to bolster expertise in risk management, digital transformation, and operational resilience. The determination of independence and alignment to existing non-employee compensation practices indicate a routine, governance-focused appointment rather than a transaction-driven change.
TL;DR: Operational and technology oversight capacity likely improved, with no disclosed related-party transactions or special arrangements.
Her operational roles at major financial institutions and prior COO positions are directly relevant to operational risk and technology oversight. Appointment to the Technology, Innovation and Operations Committee is material from a risk-governance perspective because it may influence oversight of cyber, fintech partnerships, and operational controls. The filing states there are no reportable related-person transactions and that compensation aligns with the standard program, indicating no unusual governance or conflict issues.
First Interstate BancSystem, Inc. ha annunciato che il Consiglio ha nominato la Sig.ra Renu Agrawal come amministratrice di Classe III per coprire una nuova vacanza, con mandato in scadenza all'assemblea annuale del 2027. La Sig.ra Agrawal porta con sé una vasta esperienza nel settore, tra cui 13 anni in Wells Fargo guidando iniziative strategiche e diverse divisioni, precedenti incarichi come COO presso ValleyCrest Companies e Quisic Corporation, esperienza consulenziale presso McKinsey e precedenti attività scientifiche presso Polaroid. Il Consiglio ha stabilito che è un'amministratrice indipendente secondo le regole del NASDAQ. Riceverà la normale remunerazione prevista per i direttori non dipendenti, inclusi unità azionarie vincolate, e entrerà a far parte del Governance and Nominating Committee e del Technology, Innovation and Operations Committee. Dopo la nomina, il Consiglio è composto da 14 membri suddivisi in tre classi.
First Interstate BancSystem, Inc. anunció que la Junta nombró a la Sra. Renu Agrawal como directora de Clase III para cubrir una vacante recién creada, con mandato hasta la junta anual de 2027. La Sra. Agrawal aporta amplia experiencia en la industria, incluidos 13 años en Wells Fargo dirigiendo iniciativas estratégicas y varias divisiones, anteriores cargos de COO en ValleyCrest Companies y Quisic Corporation, experiencia consultora en McKinsey y trabajos científicos previos en Polaroid. La Junta determinó que es una directora independiente según las normas del NASDAQ. Recibirá la compensación estándar para directores no empleados, incluidas unidades restringidas de acciones, y se unirá al Governance and Nominating Committee y al Technology, Innovation and Operations Committee. Tras el nombramiento, la Junta cuenta con 14 miembros distribuidos en tres clases.
First Interstate BancSystem, Inc.는 이사회가 신설된 공석을 채우기 위해 Renu Agrawal 씨를 클래스 III 이사로 임명했으며 임기는 2027년 연차총회에서 만료된다고 발표했습니다. Agrawal 씨는 전략적 이니셔티브와 여러 부서를 이끈 Wells Fargo에서의 13년을 포함해 업계에서 폭넓은 경험을 보유하고 있으며, ValleyCrest Companies와 Quisic Corporation에서의 전(前) COO 경력, McKinsey에서의 컨설팅 경험, 그리고 Polaroid에서의 초기 과학 연구 경력이 있습니다. 이사회는 그녀가 NASDAQ 규정에 따른 독립 이사라고 판단했습니다. 그녀는 제한 주식 단위를 포함한 비임원 이사 표준 보수를 받게 되며 Governance and Nominating Committee와 Technology, Innovation and Operations Committee에 합류할 예정입니다. 임명 이후 이사회는 세 개의 계급으로 나뉜 14명의 이사로 구성됩니다.
First Interstate BancSystem, Inc. a annoncé que le Conseil d'administration a nommé Mme Renu Agrawal administratrice de classe III pour pourvoir un poste nouvellement créé, son mandat prenant fin lors de l'assemblée annuelle de 2027. Mme Agrawal apporte une vaste expérience sectorielle, notamment 13 ans chez Wells Fargo à la tête d'initiatives stratégiques et de plusieurs divisions, des fonctions antérieures de COO chez ValleyCrest Companies et Quisic Corporation, une expérience de conseil chez McKinsey et des travaux scientifiques antérieurs chez Polaroid. Le Conseil a déterminé qu'elle est une administratrice indépendante selon les règles du NASDAQ. Elle percevra la rémunération standard des administrateurs non salariés, y compris des unités d'actions restreintes, et rejoindra le Governance and Nominating Committee ainsi que le Technology, Innovation and Operations Committee. Après cette nomination, le Conseil compte 14 membres répartis en trois classes.
First Interstate BancSystem, Inc. gab bekannt, dass der Vorstand Frau Renu Agrawal als Class-III-Direktorin berufen hat, um eine neu geschaffene Vakanz zu besetzen; ihre Amtszeit endet auf der Hauptversammlung 2027. Frau Agrawal bringt umfassende Branchenerfahrung mit, darunter 13 Jahre bei Wells Fargo, in denen sie strategische Initiativen und mehrere Geschäftsbereiche leitete, frühere COO-Positionen bei ValleyCrest Companies und Quisic Corporation, Beratungserfahrung bei McKinsey sowie frühere wissenschaftliche Tätigkeiten bei Polaroid. Der Vorstand stellte fest, dass sie nach den NASDAQ-Regeln eine unabhängige Direktorin ist. Sie erhält die übliche Vergütung für nicht angestellte Direktoren, einschließlich Restricted Stock Units, und wird dem Governance and Nominating Committee sowie dem Technology, Innovation and Operations Committee beitreten. Nach der Ernennung zählt der Vorstand 14 Mitglieder in drei Klassen.
FAQ
Who was appointed to the First Interstate BancSystem (FIBK) Board?
Is the new director considered independent for FIBK board purposes?
What committees will Renu Agrawal serve on at FIBK?
Will Renu Agrawal receive special compensation for her board service?
Did Ms. Agrawal have any related-party transactions with the company?
