M&A - FIRST FINANCIAL CORP /IN/

Form Type: DEFR14A

Filing Date: 2025-03-19

Corporate Action: Acquisition

Type: Update

Accession Number: 000071456225000020

Filing Summary: First Financial Corporation filed an Amendment No. 1 to its Definitive Proxy Statement on Schedule 14A to amend the Summary Compensation Table for updated salary values for Mark A. Franklin for the years 2022, 2023, and 2024. The 2025 Annual Meeting is scheduled for April 16, 2025, where shareholders will vote on matters including the election of directors, an advisory vote on executive compensation, and ratification of Crowe LLP as the auditing firm for the fiscal year. The document highlights the company’s acquisition of SimplyBank and its positive financial performance, with total loans increasing significantly and dividends being raised. The meeting will be held virtually to enhance shareholder participation and engagement.

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Form Type: DEF 14A

Filing Date: 2025-03-17

Corporate Action: Acquisition

Type: New

Accession Number: 000071456225000013

Filing Summary: First Financial Corporation is holding its 2025 Annual Meeting of Shareholders on April 16, 2025, virtually via audio webcast. Key proposals include the election of five directors, an advisory vote on executive compensation, and ratification of Crowe LLP as independent auditor. The meeting aims to engage more shareholders by providing virtual attendance options. Notably, the company acquired SimplyBank in July 2024, significantly expanding its presence in the East Tennessee region, adding 13 branches and a loan production office. Financial highlights include total loans outstanding rising to $3.84 billion by year-end 2024, representing a substantial growth driven largely by the SimplyBank acquisition. 2024 also saw a notable dividend increase of 41% compared to the previous year, totaling $1.80. Overall financial performance showed a decrease in net income due to increased provisions for loan losses related to the acquisition.

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