ServisFirst CFO William Foshee to retire Feb 2024; Kirk Pressley named successor

ServisFirst Bancshares, Inc.

William 'Bud' Foshee retires after filing of Form 10-K in February 2024; served as founding CFO for 19 years.
Company grew from $35M initial stock sale to $16B assets under Foshee's tenure.
Kirk Pressley appointed CFO; previously CFO of BBVA Compass (2015-2021) and joined ServisFirst in July 2023.
Pressley's compensation unchanged as a result of the appointment; no family relationships or transactions per Item 404(a).
Finance team includes long-time controllers Ed Woodie and Davis Mange; Mark Tarnakow recently joined as VP.

item 5.02 item 9.01

Executive movements

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Appointed

Kirk Pressley

Chief Financial Officer

SFBS · ServisFirst Bancshares, Inc.

Filed: November 2, 2023, 7:59 PM ET

The Board appointed Kirk Pressley to succeed Mr. Foshee as Chief Financial Officer following Mr. Foshee’s retirement.

Departed

William "Bud" Foshee

Chief Financial Officer

SFBS · ServisFirst Bancshares, Inc.

Successor: Kirk Pressley
Filed: November 2, 2023, 7:59 PM ET

On November 1, 2023, William “Bud” Foshee, Chief Financial Officer of ServisFirst Bancshares, Inc. (“ServisFirst”), notified the Board of Directors (“Board”) of ServisFirst that he will retire from the position of Chief Financial Officer effective after the filing of the Form 10-K in February of 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kirk Pressley was appointed as Chief Financial Officer at ServisFirst Bancshares, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

The Board appointed Kirk Pressley to succeed Mr. Foshee as Chief Financial Officer following Mr. Foshee’s retirement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William "Bud" Foshee departed as Chief Financial Officer at ServisFirst Bancshares, Inc..

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On November 1, 2023, William “Bud” Foshee, Chief Financial Officer of ServisFirst Bancshares, Inc. (“ServisFirst”), notified the Board of Directors (“Board”) of ServisFirst that he will retire from the position of Chief Financial Officer effective after the filing of the Form 10-K in February of 2024.

View on SEC.gov

ServisFirst Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001157523-23-001623

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