---
schema_version: "secwatch.filing_event.v1"
accession: "0000879635-25-000173"
form_type: "8-K"
ticker: "MPB"
cik: "0000879635"
company_name: "MID PENN BANCORP INC"
filed_at: "2025-10-24T23:59:59+00:00"
generated_at: "2026-05-17T02:24:12.033852+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Mid Penn Bancorp grants CEO Ritrievi $404k annual SERP and split dollar life insurance

## Summary
- New 2025 SERP provides CEO Rory Ritrievi a $404,480 annual retirement benefit, vesting ratably over 10 years after age 73, with 2% annual increase post-vesting.
- Split dollar agreement pays death benefit to Ritrievi's beneficiary: lesser of SERP Differential or Net Death Proceeds; terminates at separation from service.
- SERP accelerates vesting on change-in-control or disability; includes non-compete and non-solicitation covenants with forfeiture for violation.
- Benefit paid monthly over 15 years starting at later of separation or age 73; no excise tax gross-up for excess parachute payments under IRC Section 280G.

## SEC filing metadata
- accession: 0000879635-25-000173
- form_type: 8-K
- ticker: MPB
- cik: 0000879635
- company_name: MID PENN BANCORP INC
- filed_at: 2025-10-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/879635/000087963525000173/0000879635-25-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/879635/000087963525000173/mpb-20251024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000879635-25-000173
- JSON: https://secwatch.observer/filing/0000879635-25-000173.json
- Plain text: https://secwatch.observer/filing/0000879635-25-000173.txt

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