Routine employment agreement renewal — no trading signal. Monitor next 10-Q for any changes to executive compensation expense or non-compete enforcement that could affect retention.
Price Chart
Executive Summary
First Financial Corporation entered into new employment agreements with its CFO, CCO, and CLO, effective July 1, 2026. The agreements set base salaries of $387,131 for McHargue, $317,228 for Panagouleas, and $319,307 for Franklin, with 24-month initial terms and standard change-in-control severance provisions. This is a routine compensatory arrangement with no material financial impact.
Key Facts
- New employment agreements with CFO Rodger A. McHargue ($387,131 base salary), CCO Stephen P. Panagouleas ($317,228), and CLO Mark A. Franklin ($319,307)
- Agreements effective July 1, 2026, with initial 24-month terms extendable by one-year periods
- Change-in-control severance provides 2.0x (salary + target bonus + benefits) in a lump sum
- Non-compete covenants cover a 75-mile radius from Terre Haute (McHargue, Panagouleas) or Bloomington (Franklin) for one year post-termination
Financial Impact
Aggregate annual base salary of $1,023,666 for the three executives; no other financial figures disclosed
Risk Factors
- None — filing is administrative and does not alter the company's financial outlook
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000714562-26-000047 |
| Document: thff-20260629xex10d2.htm | 0000714562-26-000047 |
| Document: thff-20260629xex10d1.htm | 0000714562-26-000047 |
| Document: thff-20260629x8k.htm | 0000714562-26-000047 |
| Document: 0000714562-26-000047-index-headers.html | 0000714562-26-000047 |
| Document: 0000714562-26-000047-index.html | 0000714562-26-000047 |
| Document: 0000714562-26-000047.txt | 0000714562-26-000047 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $78.02 | awaiting T+5 | — | $77.78 (−0.31%) |
Oct 27, 2026 today | 8-K | $77.11 | awaiting T+5 | — | $77.78 (+0.87%) |
Oct 27, 2026 today | Press Release | $77.11 | awaiting T+5 | — | $77.78 (+0.87%) |
Sep 17, 2026 5w ago | 8-K | $76.55 $75.56 | ▼ −1.29% | ▼ −2.56% | $77.78 (+1.61%) |
Sep 17, 2026 5w ago | 8-K | $77.09 $75.22 | ▼ −2.43% | ▼ −3.03% | $77.78 (+0.90%) |
Sep 10, 2026 6w ago | 425 | $77.80 $77.09 | ▼ −0.91% | ▼ −0.41% | $77.78 (−0.03%) |
Sep 4, 2026 7w ago | 8-K | $79.34 $78.20 | ▼ −1.44% | ▼ −0.23% | $77.78 (−1.97%) |
Aug 27, 2026 8w ago | 8-K | $79.50 $78.70 | ▼ −1.01% | ▼ −1.27% | $77.78 (−2.16%) |
Jul 28, 2026 13w ago | 8-K | $79.91 $82.59 | ▲ +3.35% | ▲ +1.08% | $77.78 (−2.67%) |
Jul 28, 2026 13w ago | Press Release | $79.91 $82.59 | ▲ +3.35% | ▲ +1.08% | $77.78 (−2.67%) |
US Market Status
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