secwatch.observer — SEC 8-K summary
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Issuer:     Hilltop Holdings Inc. (HTH)
CIK:        0001265131
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001104659-24-057049
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1265131/000110465924057049/0001104659-24-057049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1265131/000110465924057049/tm2413426d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-057049

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