secwatch.observer — SEC 8-K summary
======================================

Issuer:     RENASANT CORP (RNST)
CIK:        0000715072
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0000715072-24-000197
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Renasant CEO Waycaster to step down as CEO on May 1, 2025; remains Executive Vice Chairman
--------------------------------------------------------------------------------

- Waycaster's base salary reduced to 60% of current level on May 1, 2025, then to 1/3 on Jan 1, 2027.
- Waycaster receives $100K retention bonus and equity awards of $700K (2025) and $170K (2026).
- Chapman's change-in-control severance multiple increased from 2.5x to 2.99x in employment agreement.
- Waycaster's term extended to April 30, 2027; post-transition time commitment capped at 60%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715072/000071507224000197/0000715072-24-000197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715072/000071507224000197/rnst-20241217.htm
  HTML page:      https://secwatch.observer/filing/0000715072-24-000197

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