First Horizon discloses 11 stockholder lawsuits over merger proxy; supplements disclosures

FIRST HORIZON CORP

11 complaints filed in SDNY (7), EDNY (2), Tenn. Chancery (1), EDPA (1) alleging proxy statement deficiencies.
Allegations: omitted material info on financial projections, Morgan Stanley analyses, and merger process.
First Horizon voluntarily supplements proxy with new details, including projections (2022E revenue $2.97B, core EPS $1.52-$1.85) and valuation ranges.
Company believes suits meritless; supplements to avoid nuisance, potential expense, and delay.
Director RSU vesting values updated (aggregate $2.42M for 15 directors) and retention program details added.

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