---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-25-000039"
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: "2026-05-20T02:08:51.702044+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# First Financial enters new CEO employment agreement with Norman Lowery

## Summary
- New agreement effective July 1, 2025, with initial 24-month term; compensation committee may extend annually.
- Base salary of $675,350 per annum; target short-term bonus at least 60% of base; long-term incentive at least 80% of base.
- Change-in-control severance: 2.99x base salary plus prior year bonus, plus three years benefit reimbursement.
- Non-compete restricted to 75-mile radius of Terre Haute (50 miles if terminated without cause or for good reason).
- Contains standard confidentiality, non-solicit, and Section 280G parachute payment limitation provisions.

## SEC filing metadata
- accession: 0000714562-25-000039
- 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: 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/714562/000071456225000039/0000714562-25-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456225000039/thff-20250602x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-25-000039
- JSON: https://secwatch.observer/filing/0000714562-25-000039.json
- Plain text: https://secwatch.observer/filing/0000714562-25-000039.txt

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