---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-027379"
form_type: "8-K"
ticker: "ORRF"
cik: "0000826154"
company_name: "ORRSTOWN FINANCIAL SERVICES INC"
filed_at: "2024-05-24T23:59:59+00:00"
generated_at: "2026-06-01T08:58:20.108510+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Orrstown and Codorus Valley issue supplemental proxy disclosures in response to shareholder demands

## Summary
- ORRF and CVLY received 11 demand letters alleging proxy omissions; companies deny claims but release supplemental disclosures.
- Supplemental disclosures detail revised selected companies analyses and DCF assumptions from Raymond James and KBW.
- Merger consideration unchanged; special shareholder meetings remain scheduled for May 30, 2024.
- Pro forma analysis: 2024 EPS accretion 21.3%, 2025 EPS accretion 46.1%, TBV dilution 20.9% (ORRF perspective).

## SEC filing metadata
- accession: 0001140361-24-027379
- form_type: 8-K
- ticker: ORRF
- cik: 0000826154
- company_name: ORRSTOWN FINANCIAL SERVICES INC
- filed_at: 2024-05-24T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826154/000114036124027379/0001140361-24-027379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826154/000114036124027379/ef20029950_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-027379
- JSON: https://secwatch.observer/filing/0001140361-24-027379.json
- Plain text: https://secwatch.observer/filing/0001140361-24-027379.txt

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