First Financial (THFF) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for April 16, 2025, to be held virtually, allowing shareholders to participate and vote online.

• 2024 saw the acquisition of SimplyBank, expanding presence in Tennessee and Georgia, and significant growth in loans and assets.

• Net income for 2024 was $47.3 million, with a return on average assets of 0.92%, and dividends increased by 41% over the prior year.

• Shareholder engagement included participation in multiple investor conferences and meetings.

Voting matters and shareholder proposals

• Shareholders will vote on electing five directors for terms expiring in 2028, a non-binding advisory vote on executive compensation, and ratification of Crowe LLP as independent auditor for 2025.

• Board recommends voting in favor of all nominees and proposals.

• Shareholder proposals and director nominations must comply with advance notice procedures in the by-laws.

Board of directors and corporate governance

• Board consists of 16 members with diverse backgrounds in business, law, education, and public service.

• Board committees include Governance and Nominating, Audit, and Compensation and Employee Benefits, all composed of independent directors.

• Board leadership structure separates Chairman and CEO roles as of January 1, 2024, with a Lead Independent Director in place.

• Directors are subject to stock ownership guidelines and are encouraged to attend annual meetings.