First Financial CEO Lowery base salary set at $698,987 under new employment agreement

First Financial Corporation

First Financial Corporation

THFF

0.00
  • First Financial entered a new employment agreement with President and CEO Norman D. Lowery, effective July 1, 2026.
  • Initial term set at 24 months; extension requires affirmative action by the Compensation Committee for an additional one-year period.
  • Annual base salary set at USD 698,987; eligible for bonus and fringe benefit plans available to other executives.
  • Termination without just cause or for good reason triggers payout of base salary and bonuses through the current term, with cash benefit-cost reimbursements.
  • Change-in-control termination within 12 months triggers the greater of the standard severance or 2.99x salary, prior-year bonus, and three years of benefit-cost reimbursements.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000714562-26-000044), on June 30, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.