Item 2.02. Results of Operations and Financial Condition.

On January 26, 2023, MidWestOne Financial Group, Inc. (the "Company") issued a press release announcing its earnings for the three months and year ended December 31, 2022. The press release is furnished herewith as Exhibit 99.1.

The information in this item and the attached press release shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

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

On January 24, 2023, the Company entered into a letter agreement with Charles N. Funk, whose retirement from the position of Chief Executive Officer was announced in 2022, in connection with the transition planning process previously undertaken by the Company's Board of Directors pursuant to which Mr. Funk's successor was appointed. Pursuant to the letter agreement, Mr. Funk will serve in the role of Special Advisor to CEO until April 27, 2023, at which time he will retire from employment with the Company. During the transition period covered by the letter agreement, Mr. Funk will receive a base salary and will continue to be eligible for annual incentive bonuses, including with respect to that portion of calendar year 2023 during which he remains employed with the Company.

The foregoing description of the letter agreement is qualified in its entirety by the terms and conditions of such document, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 8.01. Other Events.

The Board of Directors of the Company declared a cash dividend of $0.2425 per common share on January 24, 2023. The dividend is payable March 15, 2023, to shareholders of record at the close of business on March 1, 2023.

Item 9.01. Financial Statements and Exhibits.



(d)  Exhibits.
                  Letter Agreement, dated January 24, 2023, from the Compensation Committee of the
                  Board of Directors of MidWestOne Financial Group, Inc., to Charles N. Funk
  10.1            regarding compensation matters.
  99.1            MidWestOne Financial Group, Inc. press release dated January 26, 2023

104               Cover Page Interactive Data File (embedded within the Inline XBRL document)

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