secwatch.observer — SEC 8-K summary
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Issuer:     SIMMONS FIRST NATIONAL CORP (SFNC)
CIK:        0000090498
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001171843-23-000474
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90498/000117184323000474/0001171843-23-000474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90498/000117184323000474/f8k_012523.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-000474

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