---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-24-000049"
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: "2026-05-31T11:57:01.152820+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# First Financial Corp signs employment agreements with CFO, CCO, CLO; base salaries set

## Summary
- McHargue (CFO) base salary $360K; Panagouleas (CCO) $295K; Franklin (CLO) $296,928; effective Jan/Jul 2024.
- Initial 24-month term through June 30, 2026; can be extended annually at compensation committee discretion.
- Termination without cause or for good reason entitles executive to base salary and bonuses through end of term.
- Post-change-in-control severance: 2x base salary plus prior-year bonus plus 2-year benefit reimbursement.
- Non-compete radius 75 miles from Terre Haute (McHargue, Panagouleas) or Bloomington (Franklin), reduced to 50 miles for certain terminations.

## SEC filing metadata
- accession: 0000714562-24-000049
- 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: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714562/000071456224000049/0000714562-24-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456224000049/thff-20240731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-24-000049
- JSON: https://secwatch.observer/filing/0000714562-24-000049.json
- Plain text: https://secwatch.observer/filing/0000714562-24-000049.txt

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