secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2026-06-30T18:28:49+00:00
Accession:  0000714562-26-000047
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Financial enters new employment agreements with CFO, CCO, CLO effective July 1, 2026
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- Rodger A. McHargue (CFO) base salary $387,131; Stephen P. Panagouleas (CCO) $317,228; Mark A. Franklin (CLO) $319,307.
- Initial term of 24 months, renewable annually at Compensation Committee's discretion.
- Severance includes 2x base salary plus bonuses upon change-in-control termination; non-compete within 50-75 miles of Terre Haute or Bloomington.
- Agreements include confidentiality, non-solicitation, and non-disclosure covenants; effective July 1, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456226000047/0000714562-26-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456226000047/thff-20260629x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-26-000047

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