secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HORIZON CORP (FHN)
CIK:        0000036966
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0000930413-22-001080
Event type: litigation
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36966/000093041322001080/0000930413-22-001080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36966/000093041322001080/c103740-8k_ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-22-001080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer