other material
confidence high
sentiment neutral
materiality 0.25
First Horizon reduces board to 16, splits Executive & Risk Committee
FIRST HORIZON CORP
- Board size reduced from 17 to 16 after Daryl G. Byrd retired as Executive Chairman on July 1, 2022.
- Executive & Risk Committee split into separate Executive and Risk Committees on July 26, 2022.
- Colin V. Reed remains Lead Director; William H. Fenstermaker chairs both new committees.
- All former Executive & Risk Committee members elected to each new committee.
- Bylaw amendments effective July 26, 2022, including 75% majority rule for Lead Director selection.