---
schema_version: "secwatch.filing_event.v1"
accession: "0000826154-22-000191"
form_type: "8-K"
ticker: "ORRF"
cik: "0000826154"
company_name: "ORRSTOWN FINANCIAL SERVICES INC"
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:58:03.872167+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Orrstown enters deferred compensation agreement with EVP Metz tied to ROATE performance

## Summary
- Agreement with Adam L. Metz, Executive VP and Chief Revenue Officer, effective December 2022.
- $20,000 contribution for 2022 if ROATE >= 8%; $83,280 annually thereafter under same condition.
- Benefits paid in 180 equal monthly installments starting at age 65 or upon disability/change in control.
- Death benefit of $2,260,909 if life insurance in place, else Deferral Account balance.
- All benefits forfeited if employment terminated for Cause.

## SEC filing metadata
- accession: 0000826154-22-000191
- form_type: 8-K
- ticker: ORRF
- cik: 0000826154
- company_name: ORRSTOWN FINANCIAL SERVICES INC
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826154/000082615422000191/0000826154-22-000191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826154/000082615422000191/orrf-20221216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826154-22-000191
- JSON: https://secwatch.observer/filing/0000826154-22-000191.json
- Plain text: https://secwatch.observer/filing/0000826154-22-000191.txt

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