1st Franklin Financial Corporation 2025 Director Compensation Summary Term Sheet
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Summary
This document outlines the annual compensation for directors of 1st Franklin Financial Corporation for 2025. Most directors will receive $35,000, with the Audit Committee Chairman receiving $40,000. The Chairman Emeritus, Ben F. Cheek, III, has elected not to receive any director fees. The term sheet specifies the compensation amounts but does not detail additional obligations or conditions.
EX-10.J 2 exhibit10j-2025directorcom.htm EX-10.J Document
Exhibit 10(j)
1st FRANKLIN FINANCIAL CORPORATION
Director Compensation Summary Term Sheet
Compensation to be paid to the following directors, whether or not executive officers of the Company, will be as follows:
Name of Director Compensation
| Ben F. Cheek, III (Chairman Emeritus) * | $ | — | |||||||||
| Ben F. Cheek, IV (Chairman) | $ | 35,000 | |||||||||
| David W. Cheek | $ | 35,000 | |||||||||
| A. Roger Guimond | $ | 35,000 | |||||||||
| Jerry J. Harrison, Jr. | $ | 35,000 | |||||||||
| Virginia C. Herring | $ | 35,000 | |||||||||
| Donata Ison | $ | 35,000 | |||||||||
| John G. Sample, Jr. (Audit Committee Chairman) | $ | 40,000 | |||||||||
| Sheryl Smith | $ | 35,000 | |||||||||
| Keith D. Watson | $ | 35,000 | |||||||||
* Note: Mr. Ben F. Cheek, III elected not to receive any Director Fees.
