First Financial converts bank and trust co. charters to Texas state charters

FIRST FINANCIAL BANKSHARES INC

Conversion completed April 22, 2024; First Financial Bank now a Texas state banking association regulated by Texas Dept. of Banking.
First Financial Trust & Asset Mgmt also converted to Texas chartered trust company; bank remains Fed member and FDIC insured.
Shareholders re-elected all 11 directors; advisory say-on-pay and auditor ratification approved with strong majorities.
CEO expects conversion to improve regulatory communication and aligns with 'true Texas entities' strategy.

item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FIRST FINANCIAL BANKSHARES INC shareholders approved Advisory vote on executive compensation at the 2024-04-23 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2024-04-23

Exact text from the filing

The shareholders approved the following resolution: “RESOLVED, that the shareholders of First Financial Bankshares, Inc. hereby approve, on an advisory basis, the compensation paid to the Company’s named executive officers, as disclosed pursuant to Item 402 of Regulation S-K in the Company’s Proxy Statement for the 2024 Annual Meeting of Shareholders, including the Compensation Discussion and Analysis compensation tables and narrative discussion,” by a vote of 100,937,186 for, 2,767,054 against and 719,438 abstained. There were 20,194,316 broker non-votes.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FIRST FINANCIAL BANKSHARES INC shareholders approved Election of Directors at the 2024-04-23 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-04-23

Exact text from the filing

The following directors were elected at the annual meeting to hold office until the 2025 annual meeting of shareholders, and the respective number of votes cast for and withheld are as follows: Director Votes For Votes Withheld April K. Anthony 104,205,433 218,245 Vianei Lopez Braun 104,193,679 229,999 David L. Copeland 100,785,377 3,592,485 Michael B. Denny 104,240,990 182,688 F. Scott Dueser 102,033,595 2,344,267 Murray H. Edwards 96,835,269 7,542,593 Eli Jones, Ph.D. 104,233,382 190,296 I. Tim Lancaster 100,452,072 3,925,790 Kade L. Matthews 102,732,772 1,645,090 Robert C. Nickles 101,657,901 2,765,777 Johnny E. Trotter 100,930,156 3,447,706 There were 20,194,316 broker non-votes.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FIRST FINANCIAL BANKSHARES INC shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for 2024 at the 2024-04-23 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-04-23

Exact text from the filing

The shareholders voted to ratify the appointment of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for the year ending December 31, 2024 by a vote of 123,046,435 for, 1,420,741 against and 105,002 abstained. There were no broker non-votes.

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219 shareholder votes filed in the last 30 days. Browse all shareholder votes →

FIRST FINANCIAL BANKSHARES INC filing history →

Source: SEC EDGAR

accession 0000950170-24-047403

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