First Financial enters new employment agreements with CFO, CCO, and CLO; base salaries from $306,500 to $374,040

FIRST FINANCIAL CORP /IN/

Agreements effective July 1, 2025, for Rodger McHargue (CFO), Stephen Panagouleas (CCO), and Mark Franklin (CLO).
Initial 24-month term with potential one-year extensions at compensation committee's discretion.
Base salaries: McHargue $374,040, Panagouleas $306,500, Franklin $308,509 (effective Jan 1, 2025).
Non-compete covers 75-mile radius (50 miles if terminated without cause/for good reason) around Terre Haute or Bloomington.
Severance on termination without cause or for good reason includes base salary and bonuses through end of term.

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