secwatch.observer — SEC 8-K summary
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Issuer:     SIMMONS FIRST NATIONAL CORP (SFNC)
CIK:        0000090498
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001193125-24-255190
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simmons First National CEO Bob Fehlman to retire; George Makris Jr. returns as Chairman & CEO
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- CEO Bob Fehlman retiring Dec. 31, 2024, then advisory role through March 2025 after 36 years.
- Executive Chairman George Makris Jr. appointed Chairman & CEO effective Jan. 1, 2025.
- Makris to receive $1M base salary, target equity 150% of base, target cash bonus 100% of base.
- Christopher Van Steenberg hired as COO effective Nov. 12, 2024, from First Horizon.
- Van Steenberg gets $225k signing bonus, 20k RSUs (5-yr vest), $450k base salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90498/000119312524255190/0001193125-24-255190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90498/000119312524255190/d853301d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-255190

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer