1st Franklin Financial Corporation Director Compensation Summary Term Sheet
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Summary
This document outlines the annual compensation for directors of 1st Franklin Financial Corporation. Most directors will receive $35,000, while the Audit Committee Chairman will receive $40,000. The Chairman Emeritus, Ben F. Cheek, III, has chosen not to accept any compensation. The term sheet lists each director and their respective compensation amounts, specifying that these payments apply regardless of whether the director is also an executive officer.
EX-10.F 2 exhibit10f-directorcompens.htm EX-10.F Document
Exhibit 10(f)
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 | |||||||||
| A. Roger Guimond | $ | 35,000 | |||||||||
| James H. Harris, III | $ | 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 | |||||||||
| C. Dean Scarborough | $ | 35,000 | |||||||||
| Keith D. Watson | $ | 35,000 | |||||||||
* Note: Mr. Ben F. Cheek, III elected not to receive any Director Fees.
