---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004793"
form_type: "8-K"
ticker: "SFNC"
cik: "0000090498"
company_name: "SIMMONS FIRST NATIONAL CORP"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:29:51.998611+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Simmons First National reaches separation with former EVP/Chief Banking Officer Reddin, $1M lump sum

## Summary
- Reddin receives $1,000,000 lump sum (less taxes) plus continued health benefits via COBRA; effective termination July 5, 2023.
- Agreement includes 5-year confidentiality, 2-year non-solicitation of customers and employees, and 1-year non-compete in states with Simmons Bank offices.
- Executive Change in Control Severance Agreement terminated; Indemnification Agreement remains in effect.
- Mutual non-disparagement between Reddin and Simmons' Executive Management Committee.
- Reddin must return all company property within one day of separation; failure triggers repayment of severance.

## SEC filing metadata
- accession: 0001171843-23-004793
- form_type: 8-K
- ticker: SFNC
- cik: 0000090498
- company_name: SIMMONS FIRST NATIONAL CORP
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90498/000117184323004793/0001171843-23-004793-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90498/000117184323004793/f8k_072823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004793
- JSON: https://secwatch.observer/filing/0001171843-23-004793.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004793.txt

## Key facts
- Executive change
  Matthew Reddin departed as Executive Vice President and Chief Banking Officer at SIMMONS FIRST NATIONAL CORP.
  - Action: separated
  - Role: Executive Vice President and Chief Banking Officer
  source text: On July 26, 2023, Simmons First National Corporation (“Company”) and its wholly-owned subsidiary, Simmons Bank (“Bank”), entered into a Separation Agreement and Release (“Agreement”) with Matthew Reddin, whose employment with the Company and the Bank as Executive Vice President and Chief Banking Officer ended effective July 5, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/90498/000117184323004793/0001171843-23-004793-index.htm

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