Mid Penn Bancorp amends 8-K to detail COO Dana Stewart change-in-control agreement

Reuters2026/08/06 20:23

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Mid Penn Bancorp filed an amended Form 8-K to add the material terms of COO Dana R. Stewart’s change-in-control agreement.
The agreement was executed July 31, 2026, following Stewart’s appointment disclosed in a Jan. 8, 2026 Form 8-K.
Severance triggers require both a change in control and an involuntary termination without cause or resignation for good reason.
Benefit equals 2.25 times Stewart’s highest base salary in the prior 12 months, paid as a lump sum.
Also provides up to 27 months of medical, vision, dental coverage or a cash equivalent, with non-solicitation covenants tied to termination type.

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. Mid Penn Bancorp Inc. 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: 0000879635-26-000053), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mid Penn Bancorp amends 8-K to detail COO Dana Stewart change-in-control agreement

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