---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-016341"
form_type: "8-K"
ticker: "FFIN"
cik: "0000036029"
company_name: "FIRST FINANCIAL BANKSHARES INC"
filed_at: "2022-08-10T23:59:59+00:00"
generated_at: "2026-06-24T01:37:56.322988+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# First Financial Bankshares renews executive change-in-control severance agreements for 8 officers

## Summary
- Renewed agreements effective August 1, 2022, replacing previous agreements that expired July 1, 2022.
- CEO F. Scott Dueser receives 300% base salary severance; other executives receive 200% on change-in-control termination.
- Agreement term runs to earliest of death, disability, retirement, pre-change termination, or August 1, 2024.
- If change-in-control occurs, agreements extend for 2 years post-change; benefits include prorated bonus and accrued PTO.
- Parachute payment excise-tax cutback applies only if net-benefit test favors reduction.

## SEC filing metadata
- accession: 0000950170-22-016341
- form_type: 8-K
- ticker: FFIN
- cik: 0000036029
- company_name: FIRST FINANCIAL BANKSHARES INC
- filed_at: 2022-08-10T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36029/000095017022016341/0000950170-22-016341-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36029/000095017022016341/ffin-20220809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-016341
- JSON: https://secwatch.observer/filing/0000950170-22-016341.json
- Plain text: https://secwatch.observer/filing/0000950170-22-016341.txt

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