secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0000798941-22-000056
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894122000056/0000798941-22-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894122000056/fcnca-20221025.htm
  HTML page:      https://secwatch.observer/filing/0000798941-22-000056

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