{"schema_version":"secwatch.filing_event.v1","accession":"0000723646-26-000078","form_type":"8-K","ticker":"FRAF","cik":"0000723646","company_name":"FRANKLIN FINANCIAL SERVICES CORP /PA/","filed_at":"2026-08-18T20:09:16+00:00","discovered_at":"2026-08-18T20:10:10.508406+00:00","generated_at":"2026-08-18T20:10:23.474499+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Franklin Financial amends President Carroll's employment agreement; term extended to 3 years","bullets":["Amendment effective Aug 17, 2026 extends Carroll's term to 3 years with auto-renewal.","Agreed Compensation defined as highest base salary plus average of last 3 years' cash bonuses.","Change-in-control severance: lump sum up to 2.99x Agreed Compensation, 2 years benefits continuation.","Includes appraisal of non-compete/non-solicit for 280G parachute reduction and limited gross-up.","Carroll promoted to President and COO of the Bank (from EVP/COO)."],"urls":{"canonical":"https://secwatch.observer/filing/0000723646-26-000078","json":"https://secwatch.observer/filing/0000723646-26-000078.json","markdown":"https://secwatch.observer/filing/0000723646-26-000078.md","text":"https://secwatch.observer/filing/0000723646-26-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723646/000072364626000078/0000723646-26-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723646/000072364626000078/fraf-20260818x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-18T20:10:23.474499+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}