Orrstown Financial Services Announces Director and Officer Changes
Ticker: ORRF · Form: 8-K · Filed: Feb 13, 2025 · CIK: 826154
| Field | Detail |
|---|---|
| Company | Orrstown Financial Services Inc (ORRF) |
| Form Type | 8-K |
| Filed Date | Feb 13, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-appointment, director-election
Related Tickers: ORRF
TL;DR
Orrstown Financial (ORRF) filing reveals board/officer changes and compensation updates.
AI Summary
Orrstown Financial Services, Inc. announced on February 13, 2025, changes related to its board of directors and officers, including the election of new directors and updates to compensatory arrangements for certain officers. The filing also includes financial statements and exhibits.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive appointments, not significant financial distress or major strategic shifts.
Key Players & Entities
- ORRSTOWN FINANCIAL SERVICES INC (company) — Registrant
- Pennsylvania (location) — State of incorporation
- February 13, 2025 (date) — Date of earliest event reported
FAQ
What specific changes were made regarding directors or officers?
The filing indicates the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with updates to compensatory arrangements.
What is the exact date of the earliest event reported in this filing?
The earliest event reported is dated February 13, 2025.
What is the principal executive office address for Orrstown Financial Services, Inc.?
The principal executive offices are located at 4750 Lindle Road, Harrisburg, Pennsylvania 17111.
What is the SIC code for Orrstown Financial Services, Inc.?
The Standard Industrial Classification (SIC) code is 6022 for State Commercial Banks.
Does this filing include financial statements?
Yes, the filing explicitly lists 'Financial Statements and Exhibits' as an item of information.
Filing Stats: 567 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2025-02-13 17:01:19
Filing Documents
- orrf-20250213.htm (8-K) — 30KB
- exhibit991-metzcoo.htm (EX-99.1) — 9KB
- image_0.jpg (GRAPHIC) — 48KB
- 0000826154-25-000045.txt ( ) — 233KB
- orrf-20250213.xsd (EX-101.SCH) — 2KB
- orrf-20250213_lab.xml (EX-101.LAB) — 22KB
- orrf-20250213_pre.xml (EX-101.PRE) — 13KB
- orrf-20250213_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (d) Orrstown Financial Services, Inc. (the "Company") announced that Adam L. Metz has been promoted to Senior Executive Vice President and Chief Operating Officer of the Company and its subsidiary bank, Orrstown Bank (the "Bank"), effective immediately, with the intent for him to succeed Thomas R. Quinn, Jr. as President and Chief Executive Officer of the Company and the Bank upon Mr. Quinn's retirement on May 25, 2026. Mr. Metz has served as Executive Vice President and Chief Revenue Officer of the Company and the Bank since February 2019. He previously served as Executive Vice President and Chief Lending Officer of the Company and the Bank from September 2016 to February 2019. From 2011 to 2016, Mr. Metz served as Senior Vice President, Chief Lending Officer of Metro Bank, headquartered in Harrisburg, Pennsylvania. A copy of the press release announcing Mr. Metz's promotion is filed herewith as Exhibit 99.1 and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits The following exhibit is furnished as part of this Current Report on Form 8-K: Exhibit No. Description 99.1 Press Release dated February 13, 2025 104 Cover Page Interactive Data File (embedded within the inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. ORRSTOWN FINANCIAL SERVICES, INC. Date: February 13, 2025 By: /s/ Neelesh Kalani Neelesh Kalani Executive Vice President and Chief Financial Officer (Duly Authorized Representative)