FRANKLIN FINANCIAL SERVICES CORPORATION (OTCMKTS:FRAF) 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 Principal Officers; Election of Directors; Appointment of Principal Officers
On July 11, 2019, the Board of Directors of Franklin Financial Services Corporation (the “Corporation”), appointed Kimberly Rzomp as a Director of the Corporation. Ms. Rzomp was appointed a Class C Director with a term scheduled to expire at the annual meeting of shareholders in 2020. With her appointment to the Board of Directors of the Corporation, Ms. Rzomp was named a member of the Audit Committee. On July 11, 2019, the Board of Directors of Farmers and Merchants Trust Company of Chambersburg (“F&M Trust”, or the “Bank”), a wholly-owned banking subsidiary of the Corporation, also appointed Ms. Rzomp a Director of F&M Trust.
Ms. Rzomp was not appointed to her position to any arrangement or understanding with any other person, and she has no reportable transactions under Item 404(a) of Regulation S-K.
Ms. Rzomp will be entitled to receive director’s fees and be eligible to participate in the F&M Trust Director Deferred Compensation Plan and the Director Pay for Performance Plan on the same basis as other directors of the Corporation and F&M Trust. Such fees, plan and program are described in the Corporation’s Proxy Statement incorporated by reference into its annual report on Form 10-K for the fiscal year ended December 31, 2018.
About FRANKLIN FINANCIAL SERVICES CORPORATION (OTCMKTS:FRAF)
Franklin Financial Services Corporation is a bank holding company. The Company conducts its business through its banking subsidiary, Farmers and Merchants Trust Company of Chambersburg (the Bank). The Bank is a Pennsylvania-chartered commercial bank and trust company. It operates over 20 community banking offices in Franklin, Cumberland, Fulton and Huntingdon counties in Pennsylvania. The Bank is engaged in general commercial, retail banking and trust services associated with community banks. The Bank offers a range of services, including accepting and maintaining checking, savings, and time deposit accounts, making loans and providing safe deposit facilities to businesses, individuals and governmental entities. The Company’s subsidiary, Franklin Future Fund Inc., is a non-bank investment company that makes venture capital investments within the Company’s primary market area.
