Welcome to our dedicated page for Midland States SEC filings (Ticker: MSBI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Midland States Bancorp, Inc. filings document the regulatory record of an Illinois financial holding company with Nasdaq-listed common stock and depositary shares representing interests in its Series A preferred stock. Current reports record quarterly results, Regulation FD presentations, dividend declarations, stock repurchase authorizations and securities information for MSBI and MSBIP.
Proxy and annual-meeting materials cover director elections, advisory compensation votes, auditor ratification and shareholder voting results. Other filings disclose board composition, officer changes, capital-return actions and formal governance matters at the holding company and Midland States Bank subsidiary.
Midland States Bancorp director Richard T. Ramos received additional deferred equity compensation through the company’s plan. On March 31, 2026, he acquired 705.277 common share equivalents, each economically equal to one common share, at a reference value of $22.97 per unit via dividend reinvestment in the DDCP.
After this grant, he holds 46,339.8711 common share equivalents in the plan, which are payable upon termination of his service as a director. Separately, he directly holds 20,103 shares of common stock and deferred rights equivalent to 4,990 shares through restricted stock units. No open‑market buys or sells were reported in this filing.
Midland States Bancorp director Gerald Joseph Carlson reported equity awards rather than open-market trades. On March 31, 2026, he acquired 146.573 and 672.344 common share equivalents as grants under the 2019 long-term incentive plan and the Directors Deferred Compensation Plan (DDCP), including dividend reinvestments. Each unit represents the right to receive one share of common stock, generally payable after his service as a director ends. Following these awards, he holds 11,340.1105 common share equivalents in the DDCP and 4,000 shares of common stock directly.
Schultz Robert F. reported acquisition or exercise transactions in this Form 4 filing.
Midland States Bancorp, Inc. director Robert F. Schultz received 1,611.713 and 7.620 common share equivalents on March 31, 2026 through dividend reinvestment in the company’s Deferred Directors Compensation Plan. Each common share equivalent is the economic equivalent of one share of common stock and the reinvested amounts fully vested on that date.
Following these awards, he directly holds 108,163.184 common share equivalents in the plan, 9,146 restricted stock units tied to common stock, and additional direct and indirect common stock positions held through personal, IRA, trust, and investment LLC accounts, with certain indirect holdings reported subject to a pecuniary interest disclaimer.
Midland States Bancorp director Franklin Travis reported routine acquisitions of deferred stock-based compensation tied to his board service. On the transaction date, he received 128.518 common share equivalents at $22.97 and 537.875 common share equivalents at $22.31 under a Directors Deferred Compensation Plan.
Each common share equivalent is economically equal to one share of common stock and is credited through dividend reinvestments in the plan. These awards fully vested on the transaction date and become payable in common stock equivalents when Travis’s service as a director ends, bringing his total deferred common share equivalents in the plan to 9,891.575.
Midland States Bancorp EVP and Chief Credit Officer Jeremy Andrew acquired 751 shares of common stock through the company’s Employee Stock Purchase Plan. The shares were purchased for $19.05 per share, and his direct holdings increased to 64,634 common shares following this routine ESPP transaction.
Midland States Bancorp President & CEO Jeffrey G. Ludwig acquired 909 shares of common stock through the company’s Employee Stock Purchase Plan for the calendar quarter, at a price of $19.05 per share based on the ESPP formula.
After this acquisition, he directly holds 400,568.432 common shares and has stock options covering 8,383 shares at an exercise price of $28.59 expiring on November 16, 2026, and 52,291 shares at $28.43 expiring on October 31, 2032. He also has an indirect holding of 11,569 shares through JQ Properties, for which he disclaims beneficial ownership beyond his pecuniary interest. This filing reflects routine compensation-related accumulation rather than an open-market trade.
The Vanguard Group filed an Amendment No. 1 to Schedule 13G/A reporting zero beneficial ownership of Midland States Bancorp Inc. common stock. The filing explains an internal realignment performed on January 12, 2026 and cites SEC Release No. 34-39538 (January 12, 1998) as the basis for disaggregated reporting.
The amendment is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026, and lists amounts and voting/dispositive powers as 0. The filing states that no single other person holds more than 5% of the class.
Midland States Bancorp, Inc. has released its 2026 proxy for the May 4 annual meeting, where shareholders will vote on electing four Class I directors through 2029, an advisory say-on-pay proposal, and ratifying Crowe LLP as independent auditor for 2026.
The board, led by independent Chairman Jeffrey C. Smith, recommends voting FOR all three items. The company highlights majority-independent board committees, anti-hedging and clawback policies, stock ownership guidelines, and a pay program emphasizing variable, performance-based compensation. The Compensation Committee cut 2025 bonuses to 40% of target and reports prior say-on-pay support of about 87%.
Midland States Bancorp, Inc. filed an initial ownership report for VP and Chief Accounting Officer Claire Ann Stack. The filing shows she holds 1,641 shares of common stock directly as of the reported date. A footnote indicates these shares relate to a restricted stock award with a three-year cliff vesting schedule, highlighting that this is an equity compensation holding rather than a new market purchase or sale.
Midland States Bancorp, Inc. reported that on March 5, 2026, it terminated Eric Lemke as Chief Financial Officer and principal financial and accounting officer of the company and Midland States Bank.
The board appointed Claire Stack, age 37, as Vice President – Chief Accounting Officer and interim Chief Financial Officer, making her the new principal financial and accounting officer. Stack joined the company in November 2025 as Corporate Controller and has more than fifteen years of accounting and finance leadership experience in financial services and public companies.
The company and its bank entered into a Change of Control Agreement with Stack, initially running through December 31, 2026 and automatically renewing for one-year periods unless either party gives timely notice. If her employment is terminated without cause or she resigns for good reason in connection with a change in control, she is entitled to a cash payment equal to 150% of her salary plus the average of her prior three years’ bonus payments, as well as up to 12 months of COBRA coverage at employee rates. She is generally subject to 12-month non-solicitation and non-competition restrictions after termination, and payments are conditioned on her signing a general release.