People: First Merchants Corp (FRME.OQ)

FRME.OQ on NASDAQ Stock Exchange Global Select Market

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Sherman, Patrick 

Mr. Patrick A. Sherman CPA serves as Independent Director of the Company. Mr. Sherman is a certified public accountant and a partner in the accounting firm of CompassPointe CPAs, LLP, Greenwood, Indiana, which he co-founded more than 39 years ago. He is also a part owner and officer of several small businesses located in the Indianapolis metropolitan area and elsewhere. Mr. Sherman is the Chair Emeritus of Board of Directors and Executive Committee of the Johnson County Development Corp. (now known as Aspire Johnson Co.), a nonprofit private/public partnership providing economic development services for companies throughout Johnson County, Indiana. He serves on the Board of Directors of the First Merchants Charitable Foundation. He was elected to the Board of the Cordry Sweetwater Conservancy District of Brown County, Indiana, and chairs the District's Building Commission. Mr. Sherman also serves as the Controller of the Johnson County Recycling District, and as Treasurer on the Board of Managers of the Baxter YMCA. He serves on the Advisory Council of Leadership Johnson County Program of Franklin College and was a director of Lincoln Bancorp from 2005 until its acquisition by FMC in 2009, and he chaired that company’s Audit and Compliance Committees. From 1997 to 2005, Mr. Sherman served as the Vice Chair of the Board of Directors and Chair of the Audit Committee of Heartland Community Bank. Mr. Sherman serves on the Company’s Audit Committee, Risk and Credit Policy Committee and Trust Oversight Committee.

Basic Compensation

Total Annual Compensation, USD --
Restricted Stock Award, USD 46,830
Long-Term Incentive Plans, USD --
All Other, USD 56,593
Fiscal Year Total, USD 103,423

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --