MID PENN BANCORP INC (MPB): COO Scott W. Micklewright appointed

Events in this filing

Item 5.02 as filed

ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 2, 2026, Mid Penn Bank (the “Bank”), the wholly-owned bank subsidiary of Mid Penn Bancorp, Inc. (the “Corporation”), announced the appointment of Scott W. Micklewright, current First Senior Executive Vice President, President of Commercial and Consumer Banking and Chief Revenue Officer, to role of Chief Operating Officer of the Bank, effective immediately.
Mr. Micklewright, 44, joined the Bank in 2009 and has served as President of Commercial and Consumer Banking since January 2024 and Senior Executive Vice President, Chief Revenue Officer of the Bank since October 2018. Prior to that, he served as Executive Vice President, Chief Lending Officer of the Bank from February 2013 to October 2018. Mr. Micklewright is a party to an employment agreement, change in control agreement and supplement executive retirement plan agreement, the terms of which are described in the Corporation’s most recent proxy statement filed with the U.S. Securities and Exchange Commission on March 27, 2026. In connection with Mr. Micklewright’s appointment, the Compensation Committee approved the following changes to Mr. Micklewright’s compensation arrangements: (i) an annual base salary of $525,000, (ii) an extension of the term of his employment agreement to 5 years, reverting to a 3 year agreement after 2 years, (iii) a change in control severance benefit equal to 2.99 times his annual base salary as then in effect, and (iv) an additional supplemental executive retirement plan agreement with an annual benefit of $35,000, to vest ratably over the next ten years, and increased by a factor of 2.0% each year after the benefit is fully vested. He will continue to be eligible to participate in Mid Penn Bank’s incentive, retirement and benefit plans as made available to similarly situated employees.
The Compensation Committee also approved the changes to items (ii) through (iv) above to the compensation arrangements for Justin T. Webb, First Senior Executive Vice President and Chief Financial Officer and Chief of Staff of the Corporation and the Bank. Additionally, Mr. Webb’s annual base salary was set at $535,000.
There are no family relationships between Mr. Micklewright and any director, executive officer or any person nominated or chosen by the Corporation to become a director or executive officer. No information is required to be disclosed with respect to Mr. Micklewright pursuant to Item 404(a) of Regulation S-K.
A copy of the press release announcing Mr. Micklewright’s appointment is attached hereto as Exhibit 99.1 and is incorporated herein by reference