---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-047019"
form_type: "8-K"
ticker: "TRMK"
cik: "0000036146"
company_name: "TRUSTMARK CORP"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:39:57.957334+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Trustmark sells insurance subsidiary Fisher Brown Bottrell to Marsh & McLennan for $345M cash

## Summary
- Sale price $345M cash; 5.9x 2023 revenue and 28.0x net income.
- Estimated after-tax proceeds of $228M to reposition balance sheet and boost earnings.
- CEO Duane Dewey's employment agreement extended through Dec 31, 2027.
- Transaction expected to close by end of Q2 2024, subject to regulatory approval.

## SEC filing metadata
- accession: 0000950170-24-047019
- form_type: 8-K
- ticker: TRMK
- cik: 0000036146
- company_name: TRUSTMARK CORP
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36146/000095017024047019/0000950170-24-047019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36146/000095017024047019/trmk-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-047019
- JSON: https://secwatch.observer/filing/0000950170-24-047019.json
- Plain text: https://secwatch.observer/filing/0000950170-24-047019.txt

## Key facts
- Earnings Releases
  TRUSTMARK CORP reported financial results for the period ended March 31, 2024.
  - Period: the period ended March 31, 2024
  - Result: reported results
  source text: On April 23, 2024, Trustmark Corporation issued a press release announcing its financial results for the period ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36146/000095017024047019/0000950170-24-047019-index.htm

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