--- schema_version: "secwatch.filing_event.v1" accession: "0000092230-23-000073" form_type: "8-K" ticker: "TFC" cik: "0000092230" company_name: "TRUIST FINANCIAL CORP" filed_at: "2023-10-02T23:59:59+00:00" generated_at: "2026-06-10T06:43:56.252612+00:00" event_type: "leadership" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # Truist: eight directors departing by Dec 31; board reduces to 13 ## Summary - Four directors retiring due to mandatory age (King, Qubein, Ratcliffe, Thompson); four concluding early for personal reasons (Cablik, Donahue, Maynard, Scruggs). - Post-departures, board will consist of 13 directors, 12 of whom are independent. - Bylaws amended to tighten shareholder proposal disclosures and proxy requirements, including universal proxy card rules. - Governance provisions from BB&T/SunTrust merger (2019) removed as expired or implemented. ## SEC filing metadata - accession: 0000092230-23-000073 - form_type: 8-K - ticker: TFC - cik: 0000092230 - company_name: TRUIST FINANCIAL CORP - filed_at: 2023-10-02T23:59:59+00:00 - event_type: leadership - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 5.02, 5.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/0000092230-23-000073-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/tfc-20230926.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000092230-23-000073 - JSON: https://secwatch.observer/filing/0000092230-23-000073.json - Plain text: https://secwatch.observer/filing/0000092230-23-000073.txt ## Key facts - Executive change Nido R. Qubein retired as Director at TRUIST FINANCIAL CORP. - Action: retired - Role: Director source text: On December 31, 2023, the retirements of directors Kelly S. King, Nido R. Qubein, David M. Ratcliffe and Thomas N. Thompson will occur due to these directors reaching Truist’s mandatory retirement age. evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/0000092230-23-000073-index.htm - Executive change Anna R. Cablik departed as Director at TRUIST FINANCIAL CORP. - Action: concluded service - Role: Director source text: In addition, Board members Anna R. Cablik, Paul D. Donahue, Easter A. Maynard and Frank P. Scruggs, Jr. notified Truist on September 26, 2023, that they have chosen to conclude their service as directors effective as of December 31, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/0000092230-23-000073-index.htm - Executive change Paul D. Donahue departed as Director at TRUIST FINANCIAL CORP. - Action: concluded service - Role: Director source text: In addition, Board members Anna R. Cablik, Paul D. Donahue, Easter A. Maynard and Frank P. Scruggs, Jr. notified Truist on September 26, 2023, that they have chosen to conclude their service as directors effective as of December 31, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/0000092230-23-000073-index.htm - Executive change Easter A. Maynard departed as Director at TRUIST FINANCIAL CORP. - Action: concluded service - Role: Director source text: In addition, Board members Anna R. Cablik, Paul D. Donahue, Easter A. Maynard and Frank P. Scruggs, Jr. notified Truist on September 26, 2023, that they have chosen to conclude their service as directors effective as of December 31, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/0000092230-23-000073-index.htm - Executive change Thomas N. Thompson retired as Director at TRUIST FINANCIAL CORP. - Action: retired - Role: Director source text: On December 31, 2023, the retirements of directors Kelly S. King, Nido R. Qubein, David M. Ratcliffe and Thomas N. Thompson will occur due to these directors reaching Truist’s mandatory retirement age. evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/0000092230-23-000073-index.htm - Executive change David M. Ratcliffe retired as Director at TRUIST FINANCIAL CORP. - Action: retired - Role: Director source text: On December 31, 2023, the retirements of directors Kelly S. King, Nido R. Qubein, David M. Ratcliffe and Thomas N. Thompson will occur due to these directors reaching Truist’s mandatory retirement age. evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/0000092230-23-000073-index.htm - Executive change Kelly S. King retired as Director at TRUIST FINANCIAL CORP. - Action: retired - Role: Director source text: On December 31, 2023, the retirements of directors Kelly S. King, Nido R. Qubein, David M. Ratcliffe and Thomas N. Thompson will occur due to these directors reaching Truist’s mandatory retirement age. evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/0000092230-23-000073-index.htm - Executive change Frank P. Scruggs, Jr. departed as Director at TRUIST FINANCIAL CORP. - Action: concluded service - Role: Director source text: In addition, Board members Anna R. Cablik, Paul D. Donahue, Easter A. Maynard and Frank P. Scruggs, Jr. notified Truist on September 26, 2023, that they have chosen to conclude their service as directors effective as of December 31, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/0000092230-23-000073-index.htm - Governance Changes TRUIST FINANCIAL CORP: Amended Bylaws to revise shareholder proposal procedures and remove expired merger-related provisions (effective 2023-09-27). - Change: bylaw amendment - Effective: 2023-09-27 source text: On September 27, 2023, the Board of Truist approved and adopted, effective as of such date, amendments to Truist’s Amended and Restated Bylaws (as so amended, the “Bylaws”). evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223023000073/0000092230-23-000073-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.