1st Franklin Financial Corp - 8-K

Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 10, 2025, 1st Franklin Financial Corporation (the “Company”) appointed Jenna Hood to serve as Executive Vice President and Chief Financial Officer of the Company, effective August 4, 2025 (the “Effective Date”). In such capacity, Ms. Hood will serve as the Company’s principal financial officer and principal accounting officer. As of the Effective Date, Jerry J. Harrison, Jr. will cease to serve as the Company’s Interim Chief Financial Officer.

Ms. Hood, age 43, previously served as the Global Controller at Acxiom, LLC, a marketing technology and services company and a subsidiary of Interpublic Group, from May 2022 to January 2025. Prior to that, Ms. Hood was the Corporate Controller at MidCountry Financial Corp., a bank holding company, from February 2011 to April 2022.

As Executive Vice President and Chief Financial Officer of the Company, Ms. Hood’s annualized base salary will be $310,000. In accordance with the terms of the Company’s annual compensation programs for its executive officers, she will be eligible to receive a cash bonus of up to 63% of her base salary, based on the achievement of Company and individual performance goals. Ms. Hood will also be eligible for the Company’s compensation and benefits programs offered to similarly situated employees.