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Hawthorn Bancshares Announces Results of 2022 Annual Meeting

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The Board of Directors of Hawthorn Bancshares announced the re-election of Kevin L. Riley and David T. Turner as Class III directors during the Annual Meeting held on June 7, 2022. Both directors will serve three-year terms, expiring in 2025. Kevin L. Riley has been a board member since 1995 and recently retired from his role as co-owner of a local automobile dealership. David T. Turner has served since 1997 and currently holds the positions of Chairman, CEO, and President. Shareholders also ratified KPMG, LLP as the independent accounting firm for the fiscal year ending December 31, 2022.

Positive
  • Re-election of experienced directors Kevin L. Riley and David T. Turner strengthens board stability.
  • Approval of KPMG, LLP as independent auditors enhances financial oversight.
Negative
  • None.

JEFFERSON CITY, Mo., June 09, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Hawthorn Bancshares, Inc. of Jefferson City, MO (NASDAQ: HWBK) announced that at the Company’s June 7, 2022 Annual Meeting of Shareholders, Kevin L. Riley and David T. Turner were re-elected as Class III directors to serve three-year terms expiring 2025.

Mr. Riley has served as director since 1995 and was co-owner of Riley Chevrolet, Buick, GMC, Cadillac and Riley Toyota, Inc., each a Jefferson City, Missouri automobile dealership, having recently retired.   Mr. Turner has served as director since 1997 and is Chairman, Chief Executive Officer and President of the Company.

Other members of the 7-member Board include Kathleen L. Bruegenhemke, Frank E. Burkhead, Philip D. Freeman, Jonathan D. Holtaway and Gus S. Wetzel, III. The Company’s advisory directorate is composed of Charles G. Dudenhoeffer and Dr. Gus S. Wetzel, II.

Shareholders approved ratification of the appointment of KPMG, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022 and the shareholder advisory vote on executive pay.

About Hawthorn Bancshares, Inc.

Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank of Jefferson City, Missouri with additional locations in the Missouri communities of Lee's Summit, Liberty, St. Louis, Springfield, Independence, Columbia, Clinton, Osceola, Warsaw, Belton, Drexel, Harrisonville, California and St. Robert, Missouri.

Statements made in this press release that suggest Hawthorn Bancshares' or management's intentions, hopes, beliefs, expectations, or predictions of the future include "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in such forward-looking statements is contained from time to time in the company's quarterly and annual reports filed with the Securities and Exchange Commission.


FAQ

Who were re-elected to the Hawthorn Bancshares board on June 7, 2022?

Kevin L. Riley and David T. Turner were re-elected as Class III directors.

What positions do David T. Turner hold at Hawthorn Bancshares?

David T. Turner is the Chairman, Chief Executive Officer, and President of Hawthorn Bancshares.

What accounting firm was approved for Hawthorn Bancshares for 2022?

KPMG, LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2022.

When do the new terms for re-elected directors at Hawthorn Bancshares expire?

The new terms for re-elected directors Kevin L. Riley and David T. Turner will expire in 2025.

Hawthorn Bancshars Inc.

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