other_material
confidence high
sentiment neutral
materiality 0.30
Mid Penn Bancorp amends executive retirement and change in control agreements with three senior officers
MID PENN BANCORP INC
- Increases normal retirement benefit for execs Webb, Micklewright, and Space to $125,000 annually.
- Webb and Micklewright's annual benefit will increase by 2% each year starting 2027 until paid in full.
- Raises change in control cash benefit for Space to 2.5 times highest annual base salary.
- Extends Space's medical/dental/vision continuation period to 30 months post-change in control termination.
item 5.02item 9.01