Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On February 18, 2020, Teresa A. Taylor notified First Interstate BancSystem,
Inc. (the "Company") that she was resigning as a Director of the Company
effective upon the adjournment of the Board of Directors' meeting on February
19, 2020. Her resignation is not related to a disagreement with the Company on
any matter relating to the Company's operations, policies or practices.
(d) On February 19, 2020, Jonathan R. Scott was appointed to the Board of
Directors to assume the Director position and remaining term for Randall I.
Scott vacated as a result of Mr. Scott's recent passing. Randall was elected to
the board on May 2, 2019 for a three-year term. Jonathan has been a prior
Director of the Company, with his most recent term being from May 2013 to May
2019.
Item 8.01 Other Events.
On February 19, 2020, the Board of Directors appointed David L. Jahnke,
Independent Director and current Vice Chair, to serve as Chair of the Board
effective May 6, 2020. James (Jim) R. Scott, is stepping down from his position
as Chair effective May 6, 2020 and will continue to serve as a Director of the
Company. A copy of the Company's press release is attached hereto as Exhibit
99.1.
Item 9.01 Financial Statements and Exhibits.
Exhibit
(d) Number Description
99.1 Press Release dated February 21, 2020 announcing Chair of the Board
transition from James R. Scott to David L. Jahnke.
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