secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0000714562-25-000036
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456225000036/0000714562-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456225000036/thff-20250602x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-25-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer