On January 23, 2024, the Board of Directors of Horizon Bancorp, Inc. increased the size of the Board from 12 to 13 members by increasing the Board Class of 2025 from 3 to 4 members. In addition, on January 23, 2024, the Board elected Kevin W. Ahern and Brian W. Maass to serve as directors of the Company to fill the vacancies in the Board Class of 2025, effective immediately. Each of these two new directors will serve for an initial term expiring at the 2025 annual meeting of shareholders and until his successor is elected and qualified, or until his earlier death, resignation or removal.

On January 23, 2024, the Board also appointed Kevin W. Ahern to serve on the Asset Liability Committee of the Board and the Wealth Management Committee of the Board, effective immediately. Mr. Ahern, 60, is a co-founder and Managing Partner of Brush Creek Partners, a private investment vehicle focused on making investments in operating companies in the specialty finance, banking and financial services, manufacturing, distribution, media, and business and consumer services sectors. He also actively provides consulting and advisory services to a number of banking and wealth management organizations by way of Colorow Capital Partners, a strategic advisory and consulting company.

The Board has determined that Mr. Ahern is an ?independent? director under the Company?s Board Responsibilities and Guidelines and the listing standards of the Nasdaq Stock Market LLC (?Nasdaq?), as well as the applicable rules promulgated by the Securities and Exchange Commission (the ?SEC?). On January 23, 2024, the Board also appointed Brian W. Maass to serve on the Audit Committee of the Board and the Asset Liability Committee of the Board, effective immediately.

Mr. Maass, 50, has held executive roles with TCF Financial, (2012-2021) in Minneapolis, MN (now Huntington Bank), including serving as Executive Vice President, Chief Financial Officer for over five years. The Board has determined that Mr. Maass is an ?independent? director under the Company?s Board Responsibilities and Guidelines and the listing standards of Nasdaq, as well as the applicable rules promulgated by the SEC, and that he meets the additional independence requirements of Nasdaq with respect to members of the Audit Committee.