First Financial names Norman D. Lowery CEO effective Jan 1, 2024; father becomes Executive Chairman

FIRST FINANCIAL CORP /IN/

Norman D. Lowery, current COO and son of Norman L. Lowery, succeeds as President and CEO on Jan 1, 2024.
Norman L. Lowery becomes Executive Chairman through Dec 31, 2024, then non-executive Chairman.
New employment agreements: Norman L. Lowery base salary $600k as Exec Chair; Norman D. Lowery base salary $650k as CEO.
Norman D. Lowery will continue as COO until Jan 1, 2024; he is also a board member.
The transition is a planned succession; no other officer changes announced.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Norman L. Lowery

Executive Chairman of the Board

THFF · FIRST FINANCIAL CORP /IN/

Effective: 2024-01-01
Successor: Norman D. Lowery
Filed: October 20, 2023, 7:59 PM ET

Mr. Norman L. Lowery will cease to be President and Chief Executive Officer but remain as an employee and officer in the capacity of Executive Chairman of the Board of the Corporation and Bank.

Appointed

Norman D. Lowery

President and Chief Executive Officer

THFF · FIRST FINANCIAL CORP /IN/

Effective: 2024-01-01
Filed: October 20, 2023, 7:59 PM ET

Norman D. Lowery will succeed Norman L. Lowery, the current Chairman, President and Chief Executive Officer of the Corporation and First Financial Bank N.A. (the “Bank”), as President and Chief Executive Officer of both entities, effective January 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Norman L. Lowery changed role as Executive Chairman of the Board at FIRST FINANCIAL CORP /IN/.

Action: will cease to be President and CEO, becomes Executive Chairman
Role: Executive Chairman of the Board

Exact text from the filing

Mr. Norman L. Lowery will cease to be President and Chief Executive Officer but remain as an employee and officer in the capacity of Executive Chairman of the Board of the Corporation and Bank.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Norman D. Lowery was appointed as President and Chief Executive Officer at FIRST FINANCIAL CORP /IN/.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Norman D. Lowery will succeed Norman L. Lowery, the current Chairman, President and Chief Executive Officer of the Corporation and First Financial Bank N.A. (the “Bank”), as President and Chief Executive Officer of both entities, effective January 1, 2024.

View on SEC.gov

FIRST FINANCIAL CORP /IN/ filing history →

Source: SEC EDGAR

accession 0000714562-23-000033

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