---
schema_version: "secwatch.filing_event.v1"
accession: "0000723646-26-000005"
form_type: "8-K"
ticker: "FRAF"
cik: "0000723646"
company_name: "FRANKLIN FINANCIAL SERVICES CORP /PA/"
filed_at: "2026-01-20T23:59:59+00:00"
generated_at: "2026-05-16T09:40:13.775277+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Franklin Financial removes chairman term limits, declares Q1 dividend $0.33

## Summary
- Removed Section 5.9 of bylaws, eliminating three-consecutive-term limit for Chairman of the Board effective Jan 15, 2026.
- Declared $0.33 per share regular cash dividend for Q1 2026; payable Feb 25, 2026 to holders of record Feb 6, 2026.
- Q1 2026 dividend unchanged from Q4 2025 but represents a 3.1% increase from Q1 2025's $0.32 per share.
- Investor presentation shows FRAF stock returned +80% in 2025, outperforming Russell 2000 (+19.8%) and ABA bank index (+8.6%).
- As of Sep 30, 2025, company had $2.3B assets, $1.9B deposits, $1.5B loans, and 23 branches.

## SEC filing metadata
- accession: 0000723646-26-000005
- form_type: 8-K
- ticker: FRAF
- cik: 0000723646
- company_name: FRANKLIN FINANCIAL SERVICES CORP /PA/
- filed_at: 2026-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723646/000072364626000005/0000723646-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723646/000072364626000005/fraf-20260120x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723646-26-000005
- JSON: https://secwatch.observer/filing/0000723646-26-000005.json
- Plain text: https://secwatch.observer/filing/0000723646-26-000005.txt

## Source-grounded claims
- claim_id: f70ab4b637baff44b7ab7b84b033f1f90518c3e9
  claim: FRANKLIN FINANCIAL SERVICES CORP /PA/: Removed Section 5.9 of the bylaws, which had imposed term limits on the Chairman of the Board, restricting service to no more than three consecutive one-year terms, subject to waiver provisions (effective 2026-01-15).
  evidence_excerpt: On January 15, 2026, the Board of Directors of Franklin Financial Services Corporation (the “Corporation”) amended the bylaws of the Corporation by removing Section 5.9 of the bylaws in its entirety.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364626000005/0000723646-26-000005-index.htm

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