Mid Penn Bancorp amends 8-K to detail COO Dana Stewart change-in-control agreement
MPB•Amended 8-K adds COO change-in-control terms
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.
The benefit equals 2.25 times Stewart’s highest base salary in the prior 12 months, paid as a lump sum.
It also provides up to 27 months of medical, vision and dental coverage or a cash equivalent, with non-solicitation covenants tied to termination type.
