Routine employment agreement with no new financial guidance or strategic changes. Monitor for any future 8-Ks related to CEO performance or changes in control. No immediate trading signal.
Price Chart
Executive Summary
First Financial Corporation entered into a new employment agreement with CEO Norman D. Lowery, effective July 1, 2026, for a 24-month term. The agreement sets base salary at $698,987 per annum, with standard severance, change-in-control provisions, and non-compete covenants. This is a routine executive compensation filing with no material financial impact.
Key Facts
- New 24-month employment agreement with CEO Norman D. Lowery, effective July 1, 2026
- Base salary of $698,987 per annum
- Target annual bonus of at least 60% of base salary; LTIP target grant value of at least 80% of base salary
- Severance includes base salary and benefits through term if terminated without cause or for good reason
- Change-in-control severance equals the greater of standard severance or 2.99 times sum of salary, bonus, and benefits
- Non-compete covenant: 1 year post-termination, 75-mile radius (50 miles if terminated without cause or for good reason)
Financial Impact
No material financial impact; compensation terms are within industry norms for a $923M market cap bank.
Risk Factors
- No material risks identified from this filing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000714562-26-000044 |
| Document: thff-20260629x8k.htm | 0000714562-26-000044 |
| Document: 0000714562-26-000044-index-headers.html | 0000714562-26-000044 |
| Document: 0000714562-26-000044-index.html | 0000714562-26-000044 |
| Document: 0000714562-26-000044.txt | 0000714562-26-000044 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $78.02 | awaiting T+5 | — | $76.46 (−2.00%) |
Oct 27, 2026 today | 8-K | $77.11 | awaiting T+5 | — | $76.46 (−0.84%) |
Oct 27, 2026 today | Press Release | $77.11 | awaiting T+5 | — | $76.46 (−0.84%) |
Sep 17, 2026 5w ago | 8-K | $76.55 $75.56 | ▼ −1.29% | ▼ −2.56% | $76.46 (−0.12%) |
Sep 17, 2026 5w ago | 8-K | $77.09 $75.22 | ▼ −2.43% | ▼ −3.03% | $76.46 (−0.82%) |
Sep 10, 2026 6w ago | 425 | $77.80 $77.09 | ▼ −0.91% | ▼ −0.41% | $76.46 (−1.72%) |
Sep 4, 2026 7w ago | 8-K | $79.34 $78.20 | ▼ −1.44% | ▼ −0.23% | $76.46 (−3.63%) |
Aug 27, 2026 8w ago | 8-K | $79.50 $78.70 | ▼ −1.01% | ▼ −1.27% | $76.46 (−3.82%) |
Jul 28, 2026 13w ago | 8-K | $79.91 $82.59 | ▲ +3.35% | ▲ +1.08% | $76.46 (−4.32%) |
Jul 28, 2026 13w ago | Press Release | $79.91 $82.59 | ▲ +3.35% | ▲ +1.08% | $76.46 (−4.32%) |
US Market Status
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