Mid Penn Bancorp, Inc. filed a Form 8-K on November 2, 2026, disclosing the appointment of Scott W. Micklewright as Chief Operating Officer of Mid Penn Bank and detailing updated compensation arrangements for both Micklewright and CFO Justin T. Webb.

Key Highlights

  • New COO: Scott W. Micklewright was appointed Chief Operating Officer of Mid Penn Bank, effective November 2, 2026.
  • Base salary: Micklewright's annual base salary was set at $525,000.
  • Employment term extended: His employment agreement was extended to 5 years, reverting to a 3-year agreement after 2 years.
  • Change in control benefit: Micklewright's severance benefit was set at 2.99 times his annual base salary as then in effect.
  • New SERP agreement: An additional supplemental executive retirement plan was approved with an annual benefit of $35,000, vesting ratably over ten years and increasing by 2.0% each year after full vesting.
  • CFO compensation updated: Justin T. Webb's annual base salary was set at $535,000, with the same extensions to items (ii) through (iv) as Micklewright.

Micklewright's New Role and Compensation at Mid Penn Bank

According to the filing, Mid Penn Bank, the wholly-owned bank subsidiary of Mid Penn Bancorp, Inc. (NASDAQ:MPB), appointed Scott W. Micklewright, age 44, to the position of Chief Operating Officer effective immediately on November 2, 2026. Micklewright had previously served as First Senior Executive Vice President, President of Commercial and Consumer Banking and Chief Revenue Officer. The filing notes he joined the Bank in 2009, became Chief Lending Officer in February 2013, took on the Chief Revenue Officer title in October 2018, and assumed the President of Commercial and Consumer Banking role in January 2024.

The Compensation Committee approved four changes to Micklewright's compensation in connection with the appointment, the company disclosed: an annual base salary of $525,000; an employment agreement extension to 5 years, reverting to 3 years after 2 years; a change in control severance benefit equal to 2.99 times his annual base salary as then in effect; and a new supplemental executive retirement plan agreement carrying an annual benefit of $35,000, vesting ratably over ten years, with a 2.0% annual increase applied after the benefit is fully vested. The filing states he will continue to be eligible for Mid Penn Bank's incentive, retirement, and benefit plans available to similarly situated employees.

The filing also discloses that the Compensation Committee approved the same changes to items (ii) through (iv) above for Justin T. Webb, First Senior Executive Vice President, Chief Financial Officer, and Chief of Staff of both the Corporation and the Bank, with Webb's annual base salary set at $535,000. The filing states that the terms of Micklewright's existing employment agreement, change in control agreement, and supplemental executive retirement plan are described in the Corporation's most recent proxy statement filed with the SEC on March 27, 2026.

What Was Disclosed

Mid Penn Bancorp disclosed the appointment of Scott W. Micklewright as COO of Mid Penn Bank and updated compensation terms for both Micklewright and CFO Justin T. Webb, including revised base salaries, extended employment agreement terms, change in control severance benefits, and new supplemental executive retirement plan agreements.