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

Employee Agreement with Andrea G. Short

1st Source Corporation (the "Company") has entered into an employment agreement, dated January 1, 2013 (the "Employment Agreement"), setting forth the terms under which Andrea G. Short will assume the role of Senior Vice President and Chief Financial Officer of the Company and the Company's subsidiary, 1st Source Bank. The Employment Agreement is effective January 1, 2013 and automatically renews for subsequent one-year terms unless either party gives written notice of non-renewal on or before September 30 of the then-current term, in which case no further automatic extension shall occur and the term of the Employment Agreement shall end on December 31 of such year. The Employment Agreement provides for an annual base salary of $220,000, participation in the Employer's Executive Incentive Plan at a "partnership" rate of 20% of Base Salary for purposes of determining awards under the Plan, and participation, at a level commensurate with her position, in all benefit plans the Company presently has or hereafter adopts for its officers or employees, including (without limitation) directors and officers liability insurance, pension, profit sharing, stock option or any group life or health insurance, hospitalization or other similar plans.