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) March 20, 2020 (March 17, 2020)

Bank First Corporation

(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code (920) 652-3100

N/A

(Former name or former address, if changed since last report.)

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:

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for company with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. x

On March 17, 2020, the Compensation and Retirement Committee of Bank First Corporation (the “Company”) issued deferred compensation in the form of Company stock to several of the Company’s directors and executive officers, pursuant to the Bank First National Amended and Restated Nonqualified Deferred Compensation Plan (the “Plan”). The Plan was adopted on September 15, 2009 to provide deferred compensation benefits to certain employees or independent contractors of Bank First, N.A. (then known as Bank First National), the Company’s wholly-owned banking subsidiary. Effective March 1, 2017, the Plan was amended to provide that all payments under the Plan would be made in common stock of the Company. On February 22, 2019, the Company took action to terminate and liquidate the Plan, with the termination effective March 1, 2019, and the liquidation to occur on or after March 2, 2020.

Mr. Michael G. Ansay, Chairman of the Board of the Company, received 1,406 shares of stock; Mr. Donald R. Brisch, director, received 17,626 shares of stock; Mr. Michael P. Dempsey, executive officer and President of Bank First, N.A., received 11,086 shares of stock; Mr. Robert D. Gregorski, director, received 10,739 shares of stock; Mr. Michael B. Molepske, CEO, received 2,950 shares of stock; Ms. Katherine M. Reynolds, director, received 36,071 shares of stock; Mr. David R. Sachse, director, received 13,324 shares of stock; and Peter J. Van Sistine, director, received 301 shares of stock. The stock is unrestricted and fully vested.

SIGNATURES

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