---
title: "First Financial CEO Lowery base salary set at $698,987 under new employment agreement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291321310.md"
description: "First Financial Corporation has entered a new employment agreement with President and CEO Norman D. Lowery, effective July 1, 2026. The initial term is 24 months, with potential one-year extensions approved by the Compensation Committee. Lowery's annual base salary is set at $698,987, plus eligibility for bonuses and executive benefits. The contract outlines specific severance payouts for terminations without cause or due to good reason, as well as enhanced change-in-control provisions."
datetime: "2026-06-30T18:21:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291321310.md)
  - [en](https://longbridge.com/en/news/291321310.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291321310.md)
---

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

-   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. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

### Related Stocks

- [THFF.US](https://longbridge.com/en/quote/THFF.US.md)

## Related News & Research

- [First Financial posts Q2 net income $22.7M, diluted EPS $1.91; six‑month net income $42.5M](https://longbridge.com/en/news/294071579.md)
- [First Financial director James O. McDonald buys 84 shares for $6,324.41](https://longbridge.com/en/news/293066229.md)
- [ATS Corp announces annual shareholder meeting](https://longbridge.com/en/news/293941446.md)
- [HAG: Record H1 growth, robust backlog, and strong outlook reaffirmed across all segments](https://longbridge.com/en/news/294538452.md)
- [Wing Lee Development Construction proposes articles overhaul to align with paperless, e-meeting rules](https://longbridge.com/en/news/293945189.md)