secwatch.observer — SEC 8-K summary
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Issuer:     SIMMONS FIRST NATIONAL CORP (SFNC)
CIK:        0000090498
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001171843-23-004793
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90498/000117184323004793/0001171843-23-004793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90498/000117184323004793/f8k_072823.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004793

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