secwatch.observer — SEC 8-K summary
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Issuer:     ORRSTOWN FINANCIAL SERVICES INC (ORRF)
CIK:        0000826154
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0000826154-23-000135
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orrstown extends CEO Thomas Quinn's retirement date to May 25, 2025
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- Board voted on Aug 7, 2023 to extend CEO retirement by one additional year.
- New retirement date set to May 25, 2025; original date was May 25, 2024.
- Extension accepted by Thomas R. Quinn, Jr. on August 8, 2023.
- Employment agreement dated June 3, 2015 permits annual extensions by board vote.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/826154/000082615423000135/0000826154-23-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/826154/000082615423000135/orrf-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000826154-23-000135

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