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Stock impact report

Old National CFO placed on leave after arrest on molestation charges [Yahoo! Finance]

Old National Bancorp (ONB) 
Last old national bancorp earnings: 4/20 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Brendon Falconer, who has served as CFO of the Evansville, Indiana-based bank since 2019, was charged last Tuesday on two felonies of child molesting and child molesting with a child under 14, Indiana court records show. Old National disclosed in a securities filing Monday that Falconer was placed on leave "after the company became aware of a situation involving Mr. Falconer relating to a personal matter unrelated to the company." The company also disclosed that it has tapped chief strategy officer John Moran as interim CFO. The Warrick County Sheriff's office in Indiana confirmed that Falconer, a 48-year-old resident of Newburgh, Indiana, was arrested. Falconer's initial court hearing is scheduled for April 29. His attorney, Heather Burton, did not respond to a voicemail seeking comment Monday. In 2022, Falconer received total compensation of $2.7 million, which included stock awards that haven't yet fully vested, according to the bank's 2023 proxy statement. Old National Show less Read more
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