secwatch.observer — SEC 8-K summary
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Issuer:     ORRSTOWN FINANCIAL SERVICES INC (ORRF)
CIK:        0000826154
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0000826154-23-000069
Event type: leadership
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Director Snoke moves from Class B to Class A to rebalance Orrstown board classes
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- Glenn W. Snoke resigned as Class B director on March 13, 2023, and was immediately reappointed as Class A director.
- Move corrects board composition from 5-3-3 (B:A:C) to 4-4-3, as required by Articles of Incorporation.
- Snoke has served on the board since 1999; nominated for election as Class A at 2023 Annual Meeting.
- Compensation and committee assignments (Nominating, Compensation, ERM, Executive) unchanged.
- No family relationships or related-party transactions with Snoke per Item 404(a).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/826154/000082615423000069/0000826154-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/826154/000082615423000069/orrf-20230313.htm
  HTML page:      https://secwatch.observer/filing/0000826154-23-000069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer