As of November 6, 2026, Franklin Financial Services Corp /Pa/ has reported 2 leadership change filings to the SEC under Item 5.02 of Form 8-K, from April 23, 2026 to August 18, 2026 (Form 8-K, August 18, 2026).
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Franklin Financial Services Corp /Pa/ reported changes in 2 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-04-23 to 2026-08-18. Every row below is cited to the filing it comes from, and this page adds each new change as Franklin Financial Services Corp /Pa/ files it.
Also on the record for Franklin Financial Services Corp /Pa/
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| March 26, 2026 | Stake report, Schedule 13G/A, by The Vanguard Group | — | 5%+ stakes | Source |
| February 13, 2026 | Stake report, Schedule 13G/A, by Fourthstone LLC | 3.92% of the class | 5%+ stakes | Source |
| January 21, 2026 | Stake report, Schedule 13G, by BlackRock, Inc. | 5.1% of the class | 5%+ stakes | Source |
| November 14, 2025 | Stake report, Schedule 13G/A, by Fourthstone LLC | 7.41% of the class | 5%+ stakes | Source |
| August 14, 2025 | Stake report, Schedule 13G/A, by Fourthstone LLC | 8.43% of the class | 5%+ stakes | Source |
| July 29, 2025 | Stake report, Schedule 13G, by The Vanguard Group | 5.06% of the class | 5%+ stakes | Source |
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More on Franklin Financial Services Corp /Pa/ and the records around it.
Franklin Financial Services Corp /Pa/ elsewhere on the record
Companies that share a holder
- Fourthstone LLC also filed stake reports on 43 other companies: AVIDBANK HOLDINGS, INC. (Aug 2026), CF Bankshares Inc. (Aug 2026), Colony Bankcorp Inc (Aug 2026)
- BlackRock, Inc. also filed stake reports on 1596 other companies: AvePoint, Inc. (Nov 2026), BIOMARIN PHARMACEUTICAL INC (Nov 2026), MSG RANGERS CORP (Nov 2026)
- The Vanguard Group also filed stake reports on 2384 other companies: BellRing Brands, Inc. (Sep 2026), CAL-MAINE FOODS INC (Sep 2026), FTAI Aviation Ltd. (Sep 2026)
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Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-08-18 | Reported | not named in the filing | 8-K, 2026-08-18 | ||
| 2026-04-23 | Reported | not named in the filing | 8-K, 2026-04-23 |
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Reported
The employment agreement shall automatically renew for an additional one (1) year term on the anniversary date unless notice to terminate is given by either party at least one hundred eighty (180) days prior to the anniversary date of the employment agreement.
- - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers.
- Effective August 17, 2026, Franklin Financial Services Corporation (the "Company"), Farmers and Merchants Trust Company of Chambersburg (the "Bank") and Charles B. Carroll, President of the Company and President and Chief Operating Officer of the Bank ("Executive") entered into an amendment (the "Amendment") to Executive's employment agreement dated January 3, 2023.
- The following is a summary of the material terms of the Amendment.
- Pursuant to the Amendment, the term of Executive's employment agreement is amended to be three (3) years beginning August 17, 2026.
- If proper notice to terminate is given, the employment agreement shall expire two (2) years after the next anniversary date.
- The Amendment amends Section 5 of the employment agreement to define "Agreed Compensation" as Executive's highest annual base salary, as defined in the employment agreement, and the average of his annual cash bonuses for the three (3) calendar years immediately preceding his termination.
- Finally, the Amendment amends and restates Section 7 of the employment agreement regarding Executive's rights in the event of termination following a Change in Control (as defined in the employment agreement).
Reported
On April 23, 2026, the Board of Directors of Franklin Financial Services Corporation (the "Corporation"), parent bank holding company of Farmers and Merchants Trust Company of Chambersburg (the "Bank"), announced that Charles B. Carroll, Jr., Senior Executive Vice President, Chief Operating Officer of the Bank has been promoted to President of the Corporation and President and Chief Operating Officer of the Bank effective April 28, 2026.
- - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers.
- In connection with his promotion, Mr. Carroll will also be appointed to the Board of Directors of the Bank effective April 28, 2026.
- Craig W. Best, who currently serves as President and Chief Executive Officer of the Corporation and the Bank, will remain Chief Executive Officer of the Corporation and Bank following Mr. Carroll's promotion.
- Mr. Best will also remain a member of both Board of Directors of the Corporation and Bank.
- Mr. Carroll, age 54, has served as Senior Executive Vice President, Chief Operating Officer of the Bank since 2023.
- Prior to that, Mr. Carroll served as Executive Vice President, Chief Administration Officer and Director of Consumer Bank, S&T Bank from 2019 - 2022.
- In connection with his promotion, Mr. Carroll will be awarded $60,000 in restricted stock to vest on a pro-rata basis over a three-year period and his annual performance-based, restricted stock grant percentage will be increased from 15% to 20% (threshold level award), 25% to 30% (target level award), and 40% to 45% (outstanding level award).
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.