---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-24-000046"
form_type: "8-K"
ticker: "THFF"
cik: "0000714562"
company_name: "FIRST FINANCIAL CORP /IN/"
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:56:58.978572+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# First Financial signs new CEO employment agreement with Norman Lowery; base salary $650K

## Summary
- New 24-month employment agreement for President/CEO Norman D. Lowery effective July 1, 2024.
- Annual base salary set at $650,000; target short-term bonus 60% and long-term incentive 80% of base.
- Term extends to June 30, 2026, with possible one-year extensions by Compensation Committee.
- Provides non-compete (75-mile radius) and non-solicit covenants for one year post-termination.
- Change-in-control provision offers enhanced severance up to 2.99x base plus bonus.

## SEC filing metadata
- accession: 0000714562-24-000046
- form_type: 8-K
- ticker: THFF
- cik: 0000714562
- company_name: FIRST FINANCIAL CORP /IN/
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714562/000071456224000046/0000714562-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456224000046/thff-20240731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-24-000046
- JSON: https://secwatch.observer/filing/0000714562-24-000046.json
- Plain text: https://secwatch.observer/filing/0000714562-24-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.