secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2025-08-26T23:59:59+00:00
Accession:  0000879635-25-000164
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Mid Penn Bancorp amends executive retirement and change in control agreements with three senior officers
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000087963525000164/0000879635-25-000164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000087963525000164/mpb-20250822.htm
  HTML page:      https://secwatch.observer/filing/0000879635-25-000164

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