secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001193125-24-007130
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Mid Penn Bancorp appoints Jordan D. Space as Chief Operating Officer
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- Jordan D. Space, previously EVP and Chief Corporate Development Officer, named COO effective Jan 12, 2024.
- Mr. Space joined Mid Penn Bank in 2022 and has a two-year employment agreement with annual base salary of $310,241.88.
- On involuntary termination without cause, he receives continued salary for greater of remaining term or six months plus benefits.
- Change-in-control agreement has double-trigger: two times highest base salary plus benefits upon qualifying termination.
- SERP provides $80,000 annual retirement benefit vesting over ten years; includes non-compete and non-solicitation covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000119312524007130/0001193125-24-007130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000119312524007130/d694884d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-007130

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