First Financial CFO McHargue to retire; Nungester named successor effective Jan. 1, 2027
First Financial Corporation said Chief Financial Officer Rodger A. McHargue will retire effective December 31, 2026, and its Board appointed Senior Vice President and Director of Finance Paul D. Nungester, Jr. to succeed him effective January 1, 2027. The filing also describes Nungester's employment agreement, which includes a $375,000 base salary and severance terms tied to a change in control.
Key points
- McHargue, who has served as CFO since 2010, retires effective December 31, 2026.
- Nungester, age 52, joined the company on August 10, 2026 and becomes CFO effective January 1, 2027.
- Nungester's employment agreement runs through June 30, 2028 and sets a base salary of $375,000 per year.
- Change-in-control severance equals 2.0 times the sum of base salary, prior-year bonuses and benefit reimbursements.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.