secwatch.observer — SEC 8-K summary
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Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001077428-23-000007
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Capital extends CEO Robert Holmes' employment agreement to 2027
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- Employment agreement with CEO Robert C. Holmes extended for three years to January 23, 2027.
- Base salary remains $1,000,000; target annual incentive at least 200% of base; target LTI 350%.
- No changes to material compensation terms; only ministerial and conforming amendments.
- Severance unchanged: 2x base+target for without-cause/for-good-reason termination.
- Retirement-eligible equity vesting after age 57 with 2 years service, subject to non-compete.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742823000007/0001077428-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742823000007/tcbi-20230123.htm
  HTML page:      https://secwatch.observer/filing/0001077428-23-000007

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