---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-25-000036"
form_type: "8-K"
ticker: "THFF"
cik: "0000714562"
company_name: "FIRST FINANCIAL CORP /IN/"
filed_at: "2025-06-03T23:59:59+00:00"
generated_at: "2026-05-20T02:07:30.814736+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000714562-25-000036
- form_type: 8-K
- ticker: THFF
- cik: 0000714562
- company_name: FIRST FINANCIAL CORP /IN/
- filed_at: 2025-06-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714562/000071456225000036/0000714562-25-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456225000036/thff-20250602x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-25-000036
- JSON: https://secwatch.observer/filing/0000714562-25-000036.json
- Plain text: https://secwatch.observer/filing/0000714562-25-000036.txt

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