SRCE announces retirement of EVP and Chief Risk Officer on Dec 31, 2025

Rhea-AI Filing Summary

1st Source Corporation announced a leadership change. Executive Vice President and Chief Risk Officer John B. Griffith notified the Board on October 22, 2025 of his intent to retire from his roles at the Company and 1st Source Bank, effective December 31, 2025.

The filing notes the change under routine leadership updates and includes standard cover page data and signature by General Counsel and Secretary Brian S. Duba.

Insights

Bank Governance and Risk Oversight Analyst

Executive risk leader retirement disclosed; neutral near-term impact, transition details to determine operational continuity.

1st Source Corporation reported that its Executive Vice President and Chief Risk Officer will retire effective December 31, 2025. This is an Item 5.02 8-K event covering the departure of a named executive officer, which matters because the CRO oversees enterprise risk, credit, compliance, and related controls in a regulated bank setting.

The mechanism here is straightforward: a planned retirement with a defined effective date gives time for a managed handoff. For a bank, CRO continuity anchors risk appetite, loan quality oversight, and regulatory interactions. Absent other changes in this filing, the disclosure signals an orderly transition rather than an abrupt change. The impact hinges on succession choice and how responsibilities are covered during any handover period.

Watch for a successor announcement, any interim leadership structure, and updates to board risk committee reporting lines. Also monitor whether the company details compensation or retention arrangements tied to transition, and any stated changes to risk frameworks or policies. The next concrete milestone is the December 31, 2025 effective date; any earlier update on succession would refine the governance outlook.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 22, 2025

1st Source Corporation

(Exact name of registrant as specified in its charter)

Indiana			0-6233			35-1068133
(State or other jurisdiction of incorporation)			(Commission File No.)			(I.R.S. Employer Identification No.)

100 North Michigan Street, South Bend, Indiana 46601

(Address of principal executive offices)     (Zip Code)

574-235-2000

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock - without par value

SRCE

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

ITEM 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 22, 2025, 1st Source Corporation (the “Company”) and 1st Source Bank (the “Bank”) Executive Vice President and Chief Risk Officer, John B. Griffith, formally informed the 1st Source Board of Directors of his intent to retire from his existing positions with the Company and the Bank effective December 31, 2025.

104        Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						1st SOURCE CORPORATION
						(Registrant)
Date: October 24, 2025						/s/ Brian S. Duba
						Brian S. Duba
						General Counsel and Secretary

FAQ

What did 1st Source (SRCE) disclose in this 8-K?

The company disclosed that EVP and Chief Risk Officer John B. Griffith intends to retire, effective December 31, 2025.

When will SRCE’s Chief Risk Officer retire?

John B. Griffith’s retirement is effective on December 31, 2025.

When did SRCE’s Board receive notice of the retirement?

The Board was informed on October 22, 2025.

Which roles is John B. Griffith retiring from at SRCE?

He is retiring as Executive Vice President and Chief Risk Officer of 1st Source Corporation and 1st Source Bank.

Who signed the SRCE report related to this update?

General Counsel and Secretary Brian S. Duba signed the report, dated October 24, 2025.

What is 1st Source Corporation’s trading symbol and exchange?

The common stock trades under symbol SRCE on The NASDAQ Stock Market LLC.