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<title>First Financial Corporation - Form 8-K</title>

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<p align=center><b>UNITED STATES<br>
&nbsp;&nbsp;&nbsp;&nbsp;SECURITIES AND EXCHANGE
COMMISSION</b><br>
<b>Washington, D.C. 20549<br><br></b></p>

<p align=center><b>&nbsp;&nbsp;FORM 8-K</b></p>

<p align=center>&nbsp;</p>

<p align=center><b>CURRENT REPORT<br>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934<br><br></b></p>

<p>Date of Report (Date of
earliest event reported)&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
May
24, 2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br><br></u></p>

<p align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
First Financial
Corporation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
(Exact name of registrant as specified in its charter) <br><br>&nbsp;</p>

<table border=0 cellspacing=0 cellpadding=0 width="720">
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  <td width=6 valign=top>
  <p>&nbsp;</p>
  </td>
  <td width=252 valign=top>
  <p align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Texas&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
  </td>
  <td width=214 valign=top>
  <p align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;
  0-5559&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
  </td>
  <td width=248 valign=top>
  <p align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;
  74-1502313&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
  </td>
 </tr>
 <tr>
  <td width=6 valign=top>
  <p>&nbsp;</p>
  </td>
  <td width=252 valign=top>
  <p align=center>(State or other jurisdiction of <br>
  incorporation)</p>
  </td>
  <td width=214 valign=top>
  <p align=center>(Commission File Number)</p>
  </td>
  <td width=248 valign=top>
  <p align=center>(IRS Employer Identification No.)</p>
  </td>
 </tr>
 <tr>
  <td width=6 valign=top>
  <p>&nbsp;</p>
  </td>
  <td width=252 valign=top>
  <p>&nbsp;</p>
  </td>
  <td width=214 valign=top>
  <p>&nbsp;</p>
  </td>
  <td width=248 valign=top>
  <p>&nbsp;</p>
  </td>
 </tr>
</table>

<p>&nbsp;</p>

<table border=0 cellspacing=0 cellpadding=0>
 <tr>
  <td width=360 valign=top>
  <p align=center><u>&nbsp;&nbsp;&nbsp;&nbsp; 800 Washington Avenue,
  Waco, Texas&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
  </td>
  <td width=360 valign=top>
  <p align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;
  76701&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
  </td>
 </tr>
 <tr>
  <td width=360 valign=top>
  <p align=center>(Address of principal executive offices)</p>
  </td>
  <td width=360 valign=top>
  <p align=center>(Zip Code)</p>
  </td>
 </tr>
</table>

<p>&nbsp;</p>

<p>Registrant's telephone
number, including area code&nbsp;&nbsp;&nbsp; <u>(254) 757-2424&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br></u></p>

<p align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
N/A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u><br>
(Former name or former address, if changed since last report)</p>

<p align=center>&nbsp;</p>

<hr color="#000080"> <P style="page-break-after: always"></P>

<p><b>Item 5. Other Events and Regulation FD Disclosure</b></p>

<p><u>Resolution of Disputes
Within Mann Family</u></p>

<p align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As
previously reported by First Financial Corporation (the &quot;Company&quot;), the
registrant, in its annual report on Form 10-KSB for the year ended December 31,
2001 and in its Information Statement relating to its annual meeting of
shareholders held May 16, 2002, Robert A. Mann and his children, Mary Hyden
Hunter, David W. Mann, and Allen B. Mann, have had significant disagreements
with regard to the direction and management of the Company, its subsidiary,
First Preference Mortgage Corporation and various other Mann business
interests.&nbsp; These disputes had resulted
in the following litigation, also previously reported:&nbsp; (i) litigation initiated on July 12, 2001 by
Robert A Mann against David W. Mann, Allen B. Mann, and certain other parties
alleging, among other things, that the removal and replacement of Robert A.
Mann as trustee of the David W. Mann 1990 Trust was improper and that the
seizure of Robert A. Mann's ownership interests in Bluebonnet Investments, Ltd.
and Key Group, Ltd. was improper; and (ii) litigation initiated on July 19,
2001 by Annie Laurie Miller and Harold E. Allison, III, who sought a
declaratory judgment against Robert A. Mann, seeking to establish the validity
of their status as co-trustees of the David W. Mann 1990 Trust.&nbsp; </p>

<p align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
May 24, 2002, Robert A. Mann, Mary Hyden Hunter, David W. Mann, Allen B. Mann,
and certain related parties entered into a settlement agreement as a result of
which (i) all litigation and claims among the parties, including the litigation
described above, were dismissed and settled; (ii) all disputes between Robert
A. Mann, on the one hand, and Mary Hyden Hunter, David W. Mann, and Allen B.
Mann, on the other hand, as to the direction and management of the Company, its
subsidiaries and other Mann business interests have been settled; (iii) Robert
A. Mann has no continuing management or other control positions with the
Company or any of its subsidiaries; and (iv) Robert A. Mann has no management
or control position and no significant ownership position in any entity that,
directly or indirectly, owns any interest in the Company.</p>

<p>&nbsp;</p>

<p align=center><b>SIGNATURE</b><br></p>

<p align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.<br></p>

<p>&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="761" height="95">
  <tr>
    <td height="19" width="373">&nbsp;</td>
    <td height="19" width="388"><u>FIRST
FINANCIAL CORPORATION</u></td>
  </tr>
  <tr>
    <td height="19" width="373">&nbsp;</td>
    <td height="19" width="388">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Registrant)</td>
  </tr>
  <tr>
    <td height="19" width="373">&nbsp;</td>
    <td height="19" width="388">&nbsp;</td>
  </tr>
  <tr>
    <td height="19" width="373">Date:&nbsp;&nbsp;&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; August 20,
2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    <td height="19" width="388">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ David W. Mann&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u>
    </td>
  </tr>
  <tr>
    <td height="19" width="373">&nbsp;</td>
    <td height="19" width="388">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; David W. Mann, President</td>
  </tr>
</table>

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{"company-data": {"conformed-name": "FIRST FINANCIAL CORP /TX/", "cik": "0000036315", "assigned-sic": "6162", "irs-number": "741502313", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-05559", "film-number": "02743911"}, "business-address": {"street1": "800 WASHINGTON AVE", "city": "WACO", "state": "TX", "zip": "76701", "phone": "8177572424"}, "mail-address": {"street1": "800 WASHINGTON AVE", "city": "WACO", "state": "TX", "zip": "76701"}}
First Financial Corporation - Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported)
May
24, 2002
First Financial
Corporation
(Exact name of registrant as specified in its charter)
Texas
0-5559
74-1502313
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification No.)
800 Washington Avenue,
  Waco, Texas
76701
(Address of principal executive offices)
(Zip Code)
Registrant's telephone
number, including area code
(254) 757-2424
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure
Resolution of Disputes
Within Mann Family
As
previously reported by First Financial Corporation (the "Company"), the
registrant, in its annual report on Form 10-KSB for the year ended December 31,
2001 and in its Information Statement relating to its annual meeting of
shareholders held May 16, 2002, Robert A. Mann and his children, Mary Hyden
Hunter, David W. Mann, and Allen B. Mann, have had significant disagreements
with regard to the direction and management of the Company, its subsidiary,
First Preference Mortgage Corporation and various other Mann business
interests.  These disputes had resulted
in the following litigation, also previously reported:  (i) litigation initiated on July 12, 2001 by
Robert A Mann against David W. Mann, Allen B. Mann, and certain other parties
alleging, among other things, that the removal and replacement of Robert A.
Mann as trustee of the David W. Mann 1990 Trust was improper and that the
seizure of Robert A. Mann's ownership interests in Bluebonnet Investments, Ltd.
and Key Group, Ltd. was improper; and (ii) litigation initiated on July 19,
2001 by Annie Laurie Miller and Harold E. Allison, III, who sought a
declaratory judgment against Robert A. Mann, seeking to establish the validity
of their status as co-trustees of the David W. Mann 1990 Trust.
On
May 24, 2002, Robert A. Mann, Mary Hyden Hunter, David W. Mann, Allen B. Mann,
and certain related parties entered into a settlement agreement as a result of
which (i) all litigation and claims among the parties, including the litigation
described above, were dismissed and settled; (ii) all disputes between Robert
A. Mann, on the one hand, and Mary Hyden Hunter, David W. Mann, and Allen B.
Mann, on the other hand, as to the direction and management of the Company, its
subsidiaries and other Mann business interests have been settled; (iii) Robert
A. Mann has no continuing management or other control positions with the
Company or any of its subsidiaries; and (iv) Robert A. Mann has no management
or control position and no significant ownership position in any entity that,
directly or indirectly, owns any interest in the Company.
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
FIRST
FINANCIAL CORPORATION
(Registrant)
Date:
August 20,
2002
By:
/s/ David W. Mann
David W. Mann, President