secwatch.observer — SEC 8-K summary
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Issuer:     ORRSTOWN FINANCIAL SERVICES INC (ORRF)
CIK:        0000826154
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0000826154-25-000143
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orrstown Bank enters deferred comp agreement with CFO Neelesh Kalani
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/826154/000082615425000143/0000826154-25-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/826154/000082615425000143/orrf-20250630.htm
  HTML page:      https://secwatch.observer/filing/0000826154-25-000143

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