secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0000798941-24-000050
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Citizens appoints Matt Snow to board effective Jan. 2, 2025; audit committee member
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- Snow, age 60, is chairman of governing board at Forvis Mazars; expected to retire in May 2025.
- He will serve on audit and trust committees; no arrangements with any person for selection.
- Forvis Mazars provided ~$0.6M in services since 2023; no services during Snow's directorship.
- Board determined Snow independent under Nasdaq rules; compensation prorated per standard policy.
- Snow has 30+ years of experience including CEO of DHG and audit partner at KPMG.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894124000050/0000798941-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894124000050/fcnca-20241211.htm
  HTML page:      https://secwatch.observer/filing/0000798941-24-000050

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