UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

 

Date of Report (Date of earliest event reported): September 24, 2018

 

ACNB Corporation

(Exact name of Registrant as specified in its charter)

 

 

 

717.334.3161

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o

 

 

 

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 September 24, 2018, ACNB Corporation (the “Corporation”) and Russell Insurance Group, Inc. (“RIG”), the wholly-owned subsidiary of the Corporation, provided Frank C. Russell, Jr., President & Chief Executive Officer of RIG, with written notice of nonrenewal of his employment agreement made among the Corporation, RIG and Mr. Russell dated January 13, 2011 (the “Employment Agreement”). As a result of the notice of nonrenewal and pursuant to the terms of the Employment Agreement, it will end on December 31, 2018. Also pursuant to the terms of the Employment Agreement, Mr. Russell submitted his resignation as a member of the Board of Directors of RIG effective December 31, 2018. The termination of Mr. Russell’s Employment Agreement is in connection with succession planning with regards to the management of RIG. Currently, it is expected that Mr. Russell will continue as President & Chief Executive Officer of RIG at his present salary and benefits for the foreseeable future until such time as a successor is appointed.

 

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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: September 25, 2018	/s/ Lynda L. Glass
	Lynda L. Glass
	Executive Vice President/
	Secretary & Chief Governance Officer

 

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