---
schema_version: "secwatch.filing_event.v1"
accession: "0000930413-22-000427"
form_type: "8-K"
ticker: "FHN"
cik: "0000036966"
company_name: "FIRST HORIZON CORP"
filed_at: "2022-03-03T23:59:59+00:00"
generated_at: "2026-06-27T02:09:57.398392+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# First Horizon to be acquired by TD Bank for $25.00/share cash; termination fee $435.5M

## Summary
- Each share of FHN common stock to receive $25.00 in cash; consideration increases $0.0017808/day after Nov 27, 2022.
- Termination fee of $435.5M payable by FHN under certain circumstances; $25M expense reimbursement also provided.
- FHN issued ~$493.6M of Series G convertible preferred stock to TD in private placement.
- Merger subject to FHN shareholder approval, regulatory approvals (Fed, OCC, OSFI, etc.), and no legal restraint.
- Preferred stock series B-F remain outstanding; equity awards treated as per agreement.

## SEC filing metadata
- accession: 0000930413-22-000427
- form_type: 8-K
- ticker: FHN
- cik: 0000036966
- company_name: FIRST HORIZON CORP
- filed_at: 2022-03-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36966/000093041322000427/0000930413-22-000427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36966/000093041322000427/c103158_8k-ixbrl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930413-22-000427
- JSON: https://secwatch.observer/filing/0000930413-22-000427.json
- Plain text: https://secwatch.observer/filing/0000930413-22-000427.txt

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