---
schema_version: "secwatch.filing_event.v1"
accession: "0000798941-22-000056"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T23:02:24.205000+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000798941-22-000056
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798941/000079894122000056/0000798941-22-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000079894122000056/fcnca-20221025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798941-22-000056
- JSON: https://secwatch.observer/filing/0000798941-22-000056.json
- Plain text: https://secwatch.observer/filing/0000798941-22-000056.txt

## Key facts
- Executive change
  Eugene Flood Jr. was appointed as Director at FIRST CITIZENS BANCSHARES INC /DE/.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798941/000079894122000056/0000798941-22-000056-index.htm
- Executive change
  Daniel Heavner retired as Director at FIRST CITIZENS BANCSHARES INC /DE/.
  - Action: retired
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798941/000079894122000056/0000798941-22-000056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.