Simmons First National appoints Makris executive chairman with $1M salary, deferred comp amended

SIMMONS FIRST NATIONAL CORP

George A. Makris, Jr. appointed executive chairman; receives $1M base salary + $12k annual stipend.
Equity incentive target set at 200% of base salary with opportunity up to 150% of target.
Deferred comp agreement amended: 'Final Average Compensation' now averages salary plus cash bonuses for last 5 years ending Dec 31, 2022.
Final Average Compensation subject to annual cost-of-living adjustments (Social Security COLA) until payments begin.
Makris will not participate in 2023 cash incentive plan; other executive benefits unchanged.

item 5.02 item 9.01

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Appointed

George A. Makris, Jr.

Executive Chairman

SFNC · SIMMONS FIRST NATIONAL CORP

Effective: 2023-01-20
Filed: January 25, 2023, 6:59 PM ET

In addition, pursuant to the compensation arrangement approved by the board of directors of the Company (“Board”) on January 20, 2023, in connection with Mr. Makris’s appointment as the Company’s executive chairman and chairman of the Board

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

George A. Makris, Jr. was appointed as Executive Chairman at SIMMONS FIRST NATIONAL CORP.

Action: appointed
Role: Executive Chairman

Exact text from the filing

In addition, pursuant to the compensation arrangement approved by the board of directors of the Company (“Board”) on January 20, 2023, in connection with Mr. Makris’s appointment as the Company’s executive chairman and chairman of the Board

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Source: SEC EDGAR

accession 0001171843-23-000474

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