secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0000714562-23-000033
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456223000033/0000714562-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456223000033/tmb-20231017x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-23-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer