secwatch.observer — SEC 8-K summary
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Issuer:     ACNB CORP (ACNB)
CIK:        0000715579
Form:       8-K
Filed at:   2025-10-16T23:59:59+00:00
Accession:  0001628280-25-045190
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACNB Bank purchases BOLI policies for senior officers; $668,304 benefit for EVP Fulk
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- ACNB Bank purchased single-premium BOLI policies on senior officers, including EVP/Chief Strategy Officer Brett D. Fulk, under 2023 Executive Supplemental Life Insurance Plan.
- Mr. Fulk's vested life insurance benefit under the Plan is $668,304, subject to 5-year graded vesting.
- Benefit equals up to 2x base annual salary; bank owns policy cash values and is beneficiary of death proceeds above vested amount.
- Plan vests 20% per year over 5 years; full vesting on death, disability, or change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715579/000162828025045190/0001628280-25-045190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715579/000162828025045190/acnb-20251015.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-045190

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