Hilltop Holdings EVP Jerry Schaffner retires; gets $2M supplemental payment, $2.7M prior payment

Hilltop Holdings Inc.

Jerry L. Schaffner retired from all positions effective May 1, 2024, except as director of PlainsCapital Bank.
Schaffner receives $2,694,120 (Prior Agreement Payment plus interest), $29,809 COBRA, and $2,000,000 by Jan 15, 2025.
Unvested RSUs continue to vest so long as Schaffner remains a PlainsCapital Bank director.
Jeremy B. Ford, current President and CEO of Hilltop, becomes CEO of PlainsCapital Bank.
Agreement includes non-competition, non-solicitation, non-disparagement for three-year restricted period.

item 5.02 item 9.01

Executive movements

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Departed

Jerry L. Schaffner

Other Named Officer

HTH · Hilltop Holdings Inc.

Effective: 2024-05-01
Filed: May 3, 2024, 7:59 PM ET

Pursuant to the Transition Agreement, Mr. Schaffner resigned from all positions with the Company and its subsidiaries, other than as a director of PlainsCapital Bank.

Role change

Jeremy B. Ford

Chief Executive Officer

HTH · Hilltop Holdings Inc.

Effective: 2024-05-01
Filed: May 3, 2024, 7:59 PM ET

As previously announced, on the Retirement Date, Jeremy B. Ford, the Company’s current President and Chief Executive Officer became PlainsCapital Bank’s Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jerry L. Schaffner retired as other_named_officer at Hilltop Holdings Inc..

Action: retired

Exact text from the filing

Pursuant to the Transition Agreement, Mr. Schaffner resigned from all positions with the Company and its subsidiaries, other than as a director of PlainsCapital Bank.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeremy B. Ford changed role as Chief Executive Officer at Hilltop Holdings Inc..

Action: became
Role: Chief Executive Officer

Exact text from the filing

As previously announced, on the Retirement Date, Jeremy B. Ford, the Company’s current President and Chief Executive Officer became PlainsCapital Bank’s Chief Executive Officer.

View on SEC.gov

Hilltop Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-057049

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