secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HORIZON CORP (FHN)
CIK:        0000036966
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000036966-23-000038
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Horizon announces CME Term SOFR as LIBOR replacement for preferred and trust preferred securities
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- CME Term SOFR plus 0.26161% spread will replace USD LIBOR on first reset after June 30, 2023 for listed securities.
- Affected securities include FHN PRB, PRC, PRD preferred stock and several trust preferred issues.
- Annual meeting results: all 14 director nominees elected; KPMG ratified as auditor with 409.6M for, 41.5M against.
- Say-on-pay approved with 374.6M for; frequency set to every year with 374.6M votes for annual.
- First Horizon had $80.7B in assets as of March 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36966/000003696623000038/0000036966-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36966/000003696623000038/fhn-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000036966-23-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer