At MutualFirst Financial Inc.'s May 2 annual shareholder meeting, investors will vote on two non-incumbent director nominees: Michelle Altobella and James Bernard.

Altobella is chief privacy officer for Indiana University Health Inc.; Bernard is Ancora Advisors LLC's director of fixed income portfolio management, according to the company's proxy statement.

MutualFirst additionally reported a 2017 CEO pay ratio of 14.5 to 1. It paid CEO David Heeter $649,146 in total compensation that year. The annual total for its median employee, excluding the CEO, was $44,764.

Muncie, Ind.-based MutualFirst is the $1.59 billion-in-assets holding company of MutualBank.