ACNB Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$ACNB
Major Banks
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): October 15, 2025
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Securities registered pursuant to Section 12(b) of the Act:
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CURRENT REPORT ON FORM 8-K
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 15, 2025, following approval by its Board of Directors, ACNB Bank (“Bank”), a wholly-owned subsidiary of ACNB Corporation (the “Corporation”), purchased single premium bank owned life insurance (BOLI) policies on the life of several senior Bank officers, including the Bank’s Executive Vice President/Chief Strategy Officer Brett D. Fulk. The BOLI policies were purchased under the Bank’s 2023 Executive Supplemental Life Insurance Plan (the “Plan”), which provides for a split-dollar maximum life insurance benefit amount payable to the beneficiary of the participant equal to two times the participant’s base annual salary. The Bank owns the cash values of the individual permanent life insurance policies, and is the beneficiary of the death benefits in excess of each participant’s vested death benefit amount. Subject to acceleration of vesting due to certain events, benefits under the Plan vest over a period of five (5) years, and the Plan contains other customary terms governing limitations and requirements. Subject to satisfying the Plan vesting requirements, Mr. Fulk would have $668,304 in life insurance benefits as currently provided under the Plan. This description of the Plan does not purport to be complete and is qualified by reference to the full text of the Plan, which is attached as Exhibits 99.1 and incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number Description
99.1 ACNB Bank 2023 Executive Supplemental Life Insurance Plan dated November 1, 2023 and Participant Election Form (Incorporated by reference to Exhibit 99.3 of the Registrant's Current Report on Form 8-K filed with the Commission on November 3, 2023.)
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.
ACNB CORPORATION (Registrant) | |||||||||||
| Dated: | October 16, 2025 | /s/ Kevin J. Hayes | |||||||||
| Kevin J. Hayes | |||||||||||
| Senior Vice President/ | |||||||||||
| General Counsel, Secretary & Chief Governance Officer | |||||||||||