secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000714562-24-000049
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456224000049/0000714562-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456224000049/thff-20240731x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-24-000049

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