---
schema_version: "secwatch.filing_event.v1"
accession: "0000826154-25-000143"
form_type: "8-K"
ticker: "ORRF"
cik: "0000826154"
company_name: "ORRSTOWN FINANCIAL SERVICES INC"
filed_at: "2025-07-02T23:59:59+00:00"
generated_at: "2026-05-18T09:50:56.749725+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Orrstown Bank enters deferred comp agreement with CFO Neelesh Kalani

## Summary
- Annual contribution of $78,663 to deferral account if ROATE >= 8%.
- Accumulation interest tied to ROATE (0-15%); distribution interest at 4%.
- Death benefit floor of $2,260,885 if company owns life insurance.
- Payable in 180 monthly installments starting at Normal Retirement Age or earlier events.

## SEC filing metadata
- accession: 0000826154-25-000143
- form_type: 8-K
- ticker: ORRF
- cik: 0000826154
- company_name: ORRSTOWN FINANCIAL SERVICES INC
- filed_at: 2025-07-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826154/000082615425000143/0000826154-25-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826154/000082615425000143/orrf-20250630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826154-25-000143
- JSON: https://secwatch.observer/filing/0000826154-25-000143.json
- Plain text: https://secwatch.observer/filing/0000826154-25-000143.txt

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