---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-016732"
form_type: "8-K"
ticker: "SFNC"
cik: "0000090498"
company_name: "SIMMONS FIRST NATIONAL CORP"
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T17:08:48.490422+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Simmons First National enters new compensatory agreements with CFO; awards discretionary cash incentives for 2023

## Summary
- CFO C. Daniel Hobbs receives new indemnification, change-in-control severance (2x salary+ avg bonus), and deferred comp (30% of avg 5-yr salary for 180 months) agreements.
- 2023 cash incentive awards paid at 35% of target: CEO Fehlman $262,500; President Brogdon $192,500; CAO Massanelli $63,350.
- Threshold performance metrics for adjusted pre-provision net revenue and efficiency ratio were not met; committee exercised discretion based on individual performance and retention considerations.
- Change-in-control severance agreement has three-year term with automatic renewal; deferred comp vests at age 60 with earlier vesting on death, disability, or change in control.

## SEC filing metadata
- accession: 0001193125-24-016732
- form_type: 8-K
- ticker: SFNC
- cik: 0000090498
- company_name: SIMMONS FIRST NATIONAL CORP
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: other_material
- 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/90498/000119312524016732/0001193125-24-016732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90498/000119312524016732/d705339d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-016732
- JSON: https://secwatch.observer/filing/0001193125-24-016732.json
- Plain text: https://secwatch.observer/filing/0001193125-24-016732.txt

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