First Citizens BancShares appoints Eugene Flood to Board; director Daniel Heavner retires Dec 31

FIRST CITIZENS BANCSHARES INC /DE/

Daniel Heavner, 75, retires as director of BancShares and First-Citizens Bank effective Dec 31, 2022; served since 2007.
Eugene Flood Jr., 66, appointed to the Board effective Jan 1, 2023 to fill Heavner's vacancy.
Flood will serve on BancShares' Risk Committee and FCB's Trust Committee; deemed independent under Nasdaq rules.
Flood is former CEO of Smith Breeden Associates, ex-EVP of TIAA CREF, and current director at Janus Henderson Group (NYSE: JHG).
Heavner's retirement is due to mandatory retirement policy; Flood receives standard non-employee director compensation.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Eugene Flood Jr.

Director

FCNCA · FIRST CITIZENS BANCSHARES INC /DE/

Effective: 2023-01-01
Filed: October 28, 2022, 7:59 PM ET

the Board appointed Dr. Eugene Flood, Jr., age 66, to the Board effective January 1, 2023 to fill the vacancy that will be created by Mr. Heavner’s retirement.

Departed

Daniel Heavner

Director

FCNCA · FIRST CITIZENS BANCSHARES INC /DE/

Effective: 2022-12-31
Successor: Eugene Flood Jr.
Filed: October 28, 2022, 7:59 PM ET

Mr. Daniel Heavner, age 75, notified the Board of Directors (the “Board”) of First Citizens BancShares, Inc. (“BancShares”) that he would retire from his position as a director of BancShares and its subsidiary, First-Citizens Bank & Trust Company (“FCB”), effective on December 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Eugene Flood Jr. was appointed as Director at FIRST CITIZENS BANCSHARES INC /DE/.

Action: appointed
Role: Director

Exact text from the filing

the Board appointed Dr. Eugene Flood, Jr., age 66, to the Board effective January 1, 2023 to fill the vacancy that will be created by Mr. Heavner’s retirement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Heavner retired as Director at FIRST CITIZENS BANCSHARES INC /DE/.

Action: retired
Role: Director

Exact text from the filing

Mr. Daniel Heavner, age 75, notified the Board of Directors (the “Board”) of First Citizens BancShares, Inc. (“BancShares”) that he would retire from his position as a director of BancShares and its subsidiary, First-Citizens Bank & Trust Company (“FCB”), effective on December 31, 2022.

View on SEC.gov

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Source: SEC EDGAR

accession 0000798941-22-000056

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