{"schema_version":"secwatch.filing_event.v1","accession":"0000723646-23-000003","form_type":"8-K","ticker":"FRAF","cik":"0000723646","company_name":"FRANKLIN FINANCIAL SERVICES CORP /PA/","filed_at":"2023-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.893605+00:00","generated_at":"2026-06-20T19:58:51.123458+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Franklin Financial hires Chad Carroll as EVP and COO of F&M Trust","bullets":["Charles B. Carroll, age 50, joins from S&T Bank where he was EVP, Chief Administrative Officer.","Employment agreement effective Jan 3, 2023, initial 3-year term with automatic renewals.","Annual base salary of $292,500, plus discretionary bonus and club membership dues.","Severance: 2.5x salary lump sum after change-in-control termination; 2x-2.99x salary for other no-cause termination.","Role includes day-to-day bank operations and strategic planning reporting to CEO Tim Henry."],"urls":{"canonical":"https://secwatch.observer/filing/0000723646-23-000003","json":"https://secwatch.observer/filing/0000723646-23-000003.json","markdown":"https://secwatch.observer/filing/0000723646-23-000003.md","text":"https://secwatch.observer/filing/0000723646-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723646/000072364623000003/0000723646-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723646/000072364623000003/fraf-20230105x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T19:58:51.123458+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ed343a5e4b","claim":"Charles (Chad) B. Carroll was appointed as Executive Vice President and Chief Operating Officer at FRANKLIN FINANCIAL SERVICES CORP /PA/.","evidence_excerpt":"On January 5, 2023, Farmers and Merchants Trust company of Chambersburg (the “Bank), the wholly owned subsidiary of Franklin Financial Services Corporation (the “Corporation”), announced the hiring of Charles (Chad) B. Carroll as Executive Vice President and Chief Operating Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723646/000072364623000003/0000723646-23-000003-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"hired"},{"label":"Role","value":"Executive Vice President and Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}