Franklin Financial announces CEO succession; increases dividend to $0.33/share

FRANKLIN FINANCIAL SERVICES CORP /PA/

Craig W. Best to become CEO of Franklin Financial and its bank subsidiary on April 29, 2025.
Timothy G. Henry extends retirement date to May 2, 2025, from previous April 29.
Q2 2025 dividend raised 3.1% to $0.33 per share from $0.32 in prior quarters.
Dividend payable May 28, 2025 to shareholders of record as of May 2, 2025.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Craig W. Best

Chief Executive Officer

FRAF · FRANKLIN FINANCIAL SERVICES CORP /PA/

Effective: 2025-04-29
Filed: April 14, 2025, 7:59 PM ET

Craig W. Best, President of the Corporation and Farmers and Merchants Trust Company of Chambersburg (the “Bank”), will succeed Timothy G. Henry as Chief Executive Officer of the Corporation and the Bank on April 29, 2025 upon conclusion of the Corporation’s 2025 Annual Meeting.

Departed

Timothy G. Henry

Chief Executive Officer

FRAF · FRANKLIN FINANCIAL SERVICES CORP /PA/

Effective: 2025-05-02
Successor: Craig W. Best
Filed: April 14, 2025, 7:59 PM ET

Mr. Henry’s previously announced retirement date of April 29, 2025 has been extended to May 2, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Craig W. Best was appointed as Chief Executive Officer at FRANKLIN FINANCIAL SERVICES CORP /PA/.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Craig W. Best, President of the Corporation and Farmers and Merchants Trust Company of Chambersburg (the “Bank”), will succeed Timothy G. Henry as Chief Executive Officer of the Corporation and the Bank on April 29, 2025 upon conclusion of the Corporation’s 2025 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy G. Henry retired as Chief Executive Officer at FRANKLIN FINANCIAL SERVICES CORP /PA/.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

Mr. Henry’s previously announced retirement date of April 29, 2025 has been extended to May 2, 2025.

View on SEC.gov

FRANKLIN FINANCIAL SERVICES CORP /PA/ filing history →

Source: SEC EDGAR

accession 0000723646-25-000026

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