Federal Home Loan Bank of Indianapolis 8-K

What Happened

• The Federal Home Loan Bank of Indianapolis filed an 8-K on March 23, 2026 announcing an internal realignment: Gregory L. Teare, the Bank’s Executive Vice President and long‑time Chief Financial Officer (CFO since February 2015), was named Chief Financial Strategy Officer, and Chad A. Brandt was appointed Chief Financial Officer effective March 23, 2026.
• Mr. Brandt, age 61, has been Senior Vice President — Treasurer since joining the Bank in January 2016 and will now serve as the Bank’s Principal Financial Officer.

Key Details

• Effective date: March 23, 2026.
• New CFO compensation: annual base salary of $425,000 (prorated for 2026).
• Incentives/benefits: Brandt remains a Level 1 Participant in the Bank’s 2026 Incentive Compensation Plan and both Brandt and Teare remain covered by the Key Employee Severance Policy.
• Employment terms: Both executives are at‑will; no change‑in‑control or other employment agreements have been entered into (the Bank may choose to do so in the future).
• Related‑party disclosure: Neither Brandt nor his immediate family has any material interest in transactions with the Bank.

Why It Matters

• The filing documents a leadership change in the Bank’s finance function and names the Bank’s new Principal Financial Officer, which is material for investors tracking executive leadership and financial oversight.
• The disclosed salary and incentive participation give investors concrete, non‑speculative information about executive pay and continuity of compensation protections (severance policy) following the promotion.