---
schema_version: "secwatch.filing_event.v1"
accession: "0000723646-25-000026"
form_type: "8-K"
ticker: "FRAF"
cik: "0000723646"
company_name: "FRANKLIN FINANCIAL SERVICES CORP /PA/"
filed_at: "2025-04-14T23:59:59+00:00"
generated_at: "2026-05-23T15:51:28.757896+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000723646-25-000026
- form_type: 8-K
- ticker: FRAF
- cik: 0000723646
- company_name: FRANKLIN FINANCIAL SERVICES CORP /PA/
- filed_at: 2025-04-14T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723646/000072364625000026/0000723646-25-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723646/000072364625000026/fraf-20250414x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723646-25-000026
- JSON: https://secwatch.observer/filing/0000723646-25-000026.json
- Plain text: https://secwatch.observer/filing/0000723646-25-000026.txt

## Key facts
- Executive change
  Craig W. Best was appointed as Chief Executive Officer at FRANKLIN FINANCIAL SERVICES CORP /PA/.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364625000026/0000723646-25-000026-index.htm
- Executive change
  Timothy G. Henry retired as Chief Executive Officer at FRANKLIN FINANCIAL SERVICES CORP /PA/.
  - Action: retired
  - Role: Chief Executive Officer
  source text: Mr. Henry’s previously announced retirement date of April 29, 2025 has been extended to May 2, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364625000026/0000723646-25-000026-index.htm

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