{"schema_version":"secwatch.filing_event.v1","accession":"0000826154-24-000179","form_type":"8-K","ticker":"ORRF","cik":"0000826154","company_name":"ORRSTOWN FINANCIAL SERVICES INC","filed_at":"2024-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.991105+00:00","generated_at":"2026-05-31T21:57:11.531578+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Orrstown enters salary continuation agreement with COO Kauffman ($357K/yr) and amends CEO Quinn's benefit","bullets":["New agreement for EVP/COO Craig L. Kauffman provides annual retirement benefit of $357,260 payable in monthly installments over 15 years.","Amendment for CEO Thomas R. Quinn, Jr. increases his annual benefit by 0.3274% per month for each full month past his normal retirement age (65, reached April 2024), up to 60 months.","Benefits are triggered by retirement, disability, change in control, or death; forfeiture for cause or competition."],"urls":{"canonical":"https://secwatch.observer/filing/0000826154-24-000179","json":"https://secwatch.observer/filing/0000826154-24-000179.json","markdown":"https://secwatch.observer/filing/0000826154-24-000179.md","text":"https://secwatch.observer/filing/0000826154-24-000179.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/826154/000082615424000179/0000826154-24-000179-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/826154/000082615424000179/orrf-20240708.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T21:57:11.531578+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"}