secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL BANKSHARES INC (FFIN)
CIK:        0000036029
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0000950170-22-013523
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Financial amends SERP to raise executive deferral limit to 25% of base comp plus 401(k) excess
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- Board approved SERP amendment on July 26, 2022, effective for deferrals from base compensation in calendar years starting on or after January 1, 2023.
- Eligible participants may defer up to 25% of base compensation plus any 401(k) excess contributions returned due to Section 415 limits.
- The amendment restates the plan in its entirety; no other material changes were disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36029/000095017022013523/0000950170-22-013523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36029/000095017022013523/ffin-20220726.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013523

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