secwatch.observer — SEC 8-K summary
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Issuer:     ACNB CORP (ACNB)
CIK:        0000715579
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001104659-23-114034
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACNB amends supplemental life plans; CEO Helt benefit increases to $1.09M
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- 2014 Plan amendment raises maximum benefit to 2x base annual salary for participants.
- CEO James Helt eligible for $1,092,000; EVP Douglas Seibel eligible for $597,400.
- New 2023 ESLIP adopted with 2x salary benefit, 5-year vesting; EVP/CFO Weber eligible for $655,200.
- Bank owns policies and is beneficiary of death proceeds in excess of vested benefit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715579/000110465923114034/0001104659-23-114034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715579/000110465923114034/tm2329526d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-114034

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