---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-000474"
form_type: "8-K"
ticker: "SFNC"
cik: "0000090498"
company_name: "SIMMONS FIRST NATIONAL CORP"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T10:15:58.666352+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-000474
- form_type: 8-K
- ticker: SFNC
- cik: 0000090498
- company_name: SIMMONS FIRST NATIONAL CORP
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90498/000117184323000474/0001171843-23-000474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90498/000117184323000474/f8k_012523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-000474
- JSON: https://secwatch.observer/filing/0001171843-23-000474.json
- Plain text: https://secwatch.observer/filing/0001171843-23-000474.txt

## Key facts
- Executive change
  George A. Makris, Jr. was appointed as Executive Chairman at SIMMONS FIRST NATIONAL CORP.
  - Action: appointed
  - Role: Executive Chairman
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/90498/000117184323000474/0001171843-23-000474-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.