8-K
filed April 4, 2025, 7:59 PM ET
ticker RNST
CIK 0000715072
M&A
confidence high
sentiment positive
materiality 0.75
RENASANT CORP (RNST): M&A transaction — Renasant completes merger with The First Bancshares; assumes $133.8M debt; CEO set for May 1
RENASANT CORP
- Completed stock-for-stock merger with The First Bancshares; First shareholders receive 1 RNST share per share.
- Assumed $133.8M in subordinated debt (trust preferred and notes) from The First.
- Appointed four former First directors (Cole, Levy, Moore, Parker) to Renasant board; board expands to 17.
- Executive Chairman McGraw resigns as officer May 1; Chapman becomes CEO; McGraw remains Chairman.
- Full operational conversion of The First's systems expected by early August 2025.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin D. Chapman was appointed as Director at RENASANT CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed Kevin D. Chapman, Renasant’s President and Chief Operating Officer and a member of the Bank Board, to fill this new seat on the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin D. Chapman changed role as Chief Executive Officer at RENASANT CORP.
- Action
- assuming the role
- Role
- Chief Executive Officer
Exact text from the filing
Kevin D. Chapman assuming the role of the Company’s and the Bank’s Chief Executive Officer on the Transition Date (as previously disclosed)
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Renee Moore was appointed as Director at RENASANT CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed each of M. Ray (Hoppy) Cole, Jr., Jonathan A. Levy, Renee Moore, and Ted E. Parker to fill the new seats on the Board, effective as of the Effective Time
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ted E. Parker was appointed as Director at RENASANT CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed each of M. Ray (Hoppy) Cole, Jr., Jonathan A. Levy, Renee Moore, and Ted E. Parker to fill the new seats on the Board, effective as of the Effective Time
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan A. Levy was appointed as Director at RENASANT CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed each of M. Ray (Hoppy) Cole, Jr., Jonathan A. Levy, Renee Moore, and Ted E. Parker to fill the new seats on the Board, effective as of the Effective Time
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
M. Ray (Hoppy) Cole, Jr. was appointed as Director at RENASANT CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed each of M. Ray (Hoppy) Cole, Jr., Jonathan A. Levy, Renee Moore, and Ted E. Parker to fill the new seats on the Board, effective as of the Effective Time
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
E. Robinson McGraw departed as Executive Chairman at RENASANT CORP.
- Action
- resign
- Role
- Executive Chairman
Exact text from the filing
E. Robinson McGraw, the Company’s Executive Chairman and the Chairman of the Board and of the Bank Board, agreed with the Company that he would resign as an officer and employee of the Company and the Bank, effective May 1, 2025 (the “Transition Date”)
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
RENASANT CORP completed an acquisition involving The First Bancshares, Inc. (closed 2025-04-01).
- Action
- acquisition
- Counterparty
- The First Bancshares, Inc.
- Closing
- 2025-04-01
Exact text from the filing
On April 1, 2025 (the “Closing Date”), Renasant Corporation (“Renasant” or the “Company”), the parent holding company of Renasant Bank (“Renasant Bank” or the “Bank”), completed the transactions contemplated by the Agreement and Plan of Merger, dated as of July 29, 2024 (the “Agreement”), by and between the Company and The First Bancshares, Inc. (“The First”), a Mississippi corporation and the parent holding company of The First Bank. On the Closing Date, (i) The First merged with and into Renasant (the “Merger”), with Renasant continuing as the surviving corporation in the Merger (the effective time of the Merger, “Effective Time”) and (ii) simultaneously with the Merger, The First Bank merged with and into Renasant Bank, with Renasant Bank continuing as the surviving bank (together with the Merger, the “Mergers”).
View on SEC.gov
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