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). New 24-month employment agreements effective July 1, 2026, covering CFO Rodger McHargue and chief credit and lending officers.
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
- New 24-month employment agreements effective July 1, 2026, covering CFO Rodger McHargue and chief credit and lending officers
- Annual base salaries: McHargue $387,131, Panagouleas $317,228, Franklin $319,307
- Termination without cause or for good reason triggers salary, bonuses, and benefits through the agreement term
- Change-in-control severance equals 2.00 times salary, prior-year bonus, and two years of benefits
- One-year post-employment non-competes preserve executive retention protections within 50-75 miles of applicable Indiana markets
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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