8-K
FRANKLIN FINANCIAL SERVICES CORP /PA/ (FRAF)
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: February 18, 2022
FRANKLIN FINANCIAL SERVICES CORPORATION
(Exact name of registrant as specified in its new charter)
| Pennsylvania | 001-38884 | 25-1440803 |
|---|---|---|
| (State or other jurisdiction<br><br>of incorporation) | (Commission<br><br>File Number) | (IRS Employer<br><br>Identification No.) |
| 20 South Main Street, Chambersburg, PA | 17201 | |
| --- | --- | |
| (Address of principal executive office) | (Zip Code) | |
| Registrant's telephone number, including area code | (717) 264-6116 |
N/A
(Former name or former address, if changes since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a –12 under the Exchange Act (17 CFR 240.14a –12)
¨ Pre-commencement communications pursuant to Rule 14d – 2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e – 4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| | ||
|---|---|---|
| | ||
| Title of class | Symbol | Name of exchange on which registered |
| Common stock | FRAF | Nasdaq Capital Market |
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 ¨
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. ¨
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers.
The news release of F&M Trust Company, a subsidiary of Franklin Financial Services Corporation, dated February 18, 2022 and attached as Exhibit 99.1, announces the hiring of Steven M. Poynot as Executive Vice President and Chief Operating Officer and the promotion of Joseph C. Lieb to Senior Vice President and Chief Technology Officer.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits. The following exhibits are filed herewith:
Number Description
99.1
News Release, dated February 18, 2022 of Franklin Financial Services Corporation
104
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FRANKLIN FINANCIAL SERVICES CORPORATION
By: /s/ Timothy G. Henry
Timothy G. Henry
President and Chief Executive Officer
Dated: February 18, 2022
8-K - Feb-Exh 991
Exhibit 99.1
February 18, 2022
Poynot hired as COO; Lieb promoted to CTO
CHAMBERSBURG, Pa. – F&M Trust is pleased to announce the hiring of Steven M. Poynot as Executive Vice President and Chief Operating Officer.
In his new role, Poynot will be responsible for planning, organizing, and controlling the day-to-day activities of the bank and collaborating with the President & Chief Executive Officer in the overall administration of the bank. As a member of the bank’s senior management team, he will participate in the development of strategic plans while managing a portion of the bank’s activities in the best interests of the shareholders, customers, employees, regulators, and communities it serves.
“As the bank looks to further growth, we are excited to have Steve join us,” said Tim Henry, President and CEO of F&M Trust. “He brings a wealth of knowledge and experience to F&M Trust that will help us further execute our strategic plan and drive shareholder value enhancement.”
Poynot comes to F&M Trust from Howard Bank, where he was Executive Vice President and Chief Information Officer, Director of Corporate Communications and Corporate Strategy. During his 17 years with Howard Bank, he worked in both deposit and loan operations, as a commercial relationship manager, and as Chief Credit Officer.
Poynot serves as treasurer and a member of the Board of Directors for House of Ruth Maryland and is Vice Chair of the Howard County Spending Affordability Committee. He previously served as Chair of the Howard County Arts Council.
The Ellicott City, Maryland, resident enjoys playing golf, the outdoors, and spending time with family.
In another move, F&M Trust has promoted Joseph C. Lieb to Senior Vice President and Chief Technology Officer.
In his new role, and as a member of the senior management team, Lieb will be responsible for developing and implementing strategies to achieve goals that are part of the bank’s strategic plan and operating budgets. He will also oversee the bank’s Technology Services team.
“Joe brings great insight and ability to the Chief Technology Officer position as F&M Trust continues to accelerate on the digital highway that we are traveling,” Mr. Henry said. “The challenges in efficiently providing digitally-based service to our customers, while keeping the bank and those customers safe, are significant. Joe will help us effectively meet those challenges.”
Lieb, who has been with F&M Trust since 2015, was named Technology Services Manager in 2018.
Poynot and Lieb are based at F&M Trust’s corporate headquarters in Chambersburg.
About F&M Trust: A subsidiary of Franklin Financial Services Corp., F&M Trust is an independent community bank headquartered in Chambersburg. With approximately $1.8 billion in assets, F&M Trust has 21 community-banking locations in Franklin, Cumberland, Fulton, and Huntingdon counties. Please visit fmtrust.bank for more information.