Document

0000019612-17-000052.txt : 20170621 0000019612-17-000052.hdr.sgml : 20170621 20170621070041 ACCESSION NUMBER: 0000019612-17-000052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170621 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170621 DATE AS OF CHANGE: 20170621 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHEMICAL FINANCIAL CORP CENTRAL INDEX KEY: 0000019612 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 382022454 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08185 FILM NUMBER: 17921951 BUSINESS ADDRESS: STREET 1: 235 E MAIN ST CITY: MIDLAND STATE: MI ZIP: 48640 BUSINESS PHONE: 989-839-5350 MAIL ADDRESS: STREET 1: 235 E MAIN ST CITY: MIDLAND STATE: MI ZIP: 48640 8-K 1 a8-kceoretirement.htm 8-K ANNOUNCEMENT OF RETIREMENT Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 20, 2017

Chemical Financial Corporation

(Exact Name of Registrant as

Specified in its Charter)



Michigan (State or Other Jurisdiction of Incorporation)	000-08185 (Commission File Number)	38-2022454 (IRS Employer Identification No.)



235 E. Main Street Midland, Michigan (Address of Principal Executive Offices)		48640 (Zip Code)

Registrant's telephone number, including area code: (989) 839-5350

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 5.02	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On June 20, 2017, David B. Ramaker notified Chemical Financial Corporation ("Corporation" or "Chemical") of his decision to retire from his positions as a Director, Chief Executive Officer and President of the Corporation, effective in the third quarter of 2017.



Item 8.01	Other Events

On June 21, 2017, Chemical issued a press release announcing the retirement of David B. Ramaker as Director, Chief Executive Officer and President of the Corporation, which press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01	Financial Statements and Exhibits

(d) Exhibits

Exhibit Exhibit name


99.1	Press release, dated June 21, 2017.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



Dated:	June 21, 2017	CHEMICAL FINANCIAL CORPORATION (Registrant)


		/s/ Dennis L. Klaeser
		Dennis L. Klaeser
		Executive Vice President and Chief Financial Officer

EX-99.1 2 exhibit991pressreleaseanno.htm EXHIBIT 99.1 PRESS RELEASE ACCOUNTING RETIREMENT Exhibit

Exhibit 99.1

For further information:

Dennis Klaeser, CFO

989-633-7698

Chemical Financial Corporation Announces Retirement of its CEO and President David B. Ramaker

Chairman Gary Torgow and Lead Director Franklin C. Wheatlake

express gratitude to Ramaker for his 28 years of leadership

MIDLAND, Mich., June 21, 2017 -- Chemical Financial Corporation (“Corporation” or “Chemical”) (NASDAQ:CHFC) announces that its Chief Executive Officer and President David B. Ramaker has decided to retire from the Corporation in the third quarter of this year. In a joint statement from Board Chairman Gary Torgow and Lead Director Franklin C. Wheatlake, the Corporation announced that Thomas C. Shafer has been named Vice Chairman of the Corporation and joins the Board of Directors of the Corporation and Chemical Bank. Shafer has also been named President and CEO of Chemical Bank. David T. Provost was named President and CEO of the Corporation and Wheatlake has been appointed as Chairman of the board of directors of Chemical Bank.

Ramaker joined Chemical Bank as a Vice President in 1989, became President and CEO of Chemical Bank in 2001 and was appointed President and CEO of the Corporation in 2002. Wheatlake said, “David Ramaker forged many positive relationships with customers and the community during his tenure as CEO of Chemical Bank and the Corporation. We thank him for his leadership and community involvement and wish him well in his retirement.”

Torgow said, “David Ramaker guided Chemical with strong leadership and helped grow the Corporation into the largest banking company headquartered in Michigan. We are most grateful and wish him the very best.”

In August 2016, Shafer was named Executive Vice President and Director of Regional and Community Banking at Chemical Bank. Previously, he was Chief Operating Officer of Talmer Bancorp, Inc. and President of Talmer Bank and Trust. Shafer previously held numerous executive positions with Citizens Republic Bancorp.

Shafer said, “I am very excited about the challenges and opportunities ahead for Chemical. I have a high regard for all that David Ramaker has accomplished at Chemical and I look forward to building on the success and momentum established under his leadership.”

About Chemical Financial Corporation

Chemical Financial Corporation is the largest banking company headquartered and operating branch offices in Michigan. The Corporation operates through its subsidiary bank, Chemical Bank, with 249 banking offices located primarily in Michigan, northeast Ohio and northern Indiana. At March 31, 2017, the Corporation had total assets of $17.64 billion. Chemical Financial Corporation's common stock trades on The NASDAQ Stock Market under the symbol CHFC and is one of the issuers comprising The NASDAQ Global Select Market and the S&P MidCap 400 Index. More information about the Corporation is available by visiting the investor relations section of its website at www.chemicalbank.com.

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