Short answer
FIRST FINANCIAL CORP /IN/ (THFF) filed an 8-K current report with the SEC on June 30, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Norman D. Lowery’s employment renewed effective July 1, 2026, for an initial 24-month term.
FIRST FINANCIAL CORP /IN/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Norman D. Lowery’s employment renewed effective July 1, 2026, for an initial 24-month term
- Annual base salary set at $698,987, plus eligibility for executive bonus and benefit plans
- Without-cause termination generally triggers salary, bonus, and benefits through the remaining contract term
- Change-in-control termination provides the greater of standard severance or a 2.99× compensation-and-benefits formula
- One-year post-employment non-compete within 75 miles of Terre Haute, reduced to 50 miles for certain employer-initiated departures
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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