ACNB Corporation (NASDAQ:ACNB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain
Officers
On December27, 2016, ACNB Corporation (the Corporation) and, its
wholly-owned subsidiary, ACNB Bank (the Bank) entered into
amendments to the employment agreements of James P. Helt, Lynda
L. Glass and David W. Cathell (the Employment Agreement
Amendments).
The Employment Agreement Amendments amend and update the
employment agreements of the executives to reflect their current
titles and duties and revise the sections relating to termination
for Good Reason, as defined in the respective agreements, to
conform with the Internal Revenue Code and the current rulesand
regulations of the Internal Revenue Service. In addition,
Ms.Glasss Employment Agreement Amendment amends the terms and
conditions under the noncompetition section of her employment
agreement.
The foregoing description does not purport to be complete and is
qualified in its entirety by reference to each executives
Employment Agreement Amendment, which are filed as Exhibits 99.1,
99.2 and 99.3 to this Current Report on Form8-K and incorporated
by reference herein.
ITEM 9.01 Financial Statements and
Exhibits
(d)Exhibits.
|
ExhibitNumber |
|
Description |
|
99.1 |
First Amendment to Employment Agreement by and between ACNB |
|
|
99.2 |
First Amendment to the Amended and Restated Employment |
|
|
99.3 |
First Amendment to Employment Agreement by and between ACNB |
