---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-005029"
form_type: "8-K"
ticker: "TFC"
cik: "0000092230"
company_name: "TRUIST FINANCIAL CORP"
filed_at: "2025-01-13T23:59:59+00:00"
generated_at: "2026-05-28T04:20:34.576641+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Truist Vice Chair and COO Beau Cummins resigns effective immediately

## Summary
- Cummins resigned as Vice Chair and COO on Jan 13, 2025, citing material change in responsibilities.
- Resignation follows completion of key initiatives including sale of Truist Insurance Holdings and strategic direction set.
- Cummins eligible for 'Good Reason' severance benefits under Truist's existing severance plan plus 2024 cash incentive.
- Enterprise payments business will transition to Kristin Lesher; remaining duties to CFO Michael Maguire.

## SEC filing metadata
- accession: 0001193125-25-005029
- form_type: 8-K
- ticker: TFC
- cik: 0000092230
- company_name: TRUIST FINANCIAL CORP
- filed_at: 2025-01-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92230/000119312525005029/0001193125-25-005029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92230/000119312525005029/d128434d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-005029
- JSON: https://secwatch.observer/filing/0001193125-25-005029.json
- Plain text: https://secwatch.observer/filing/0001193125-25-005029.txt

## Key facts
- Executive change
  Hugh S. “Beau” Cummins III resigned as Vice Chair and Chief Operating Officer at TRUIST FINANCIAL CORP.
  - Action: resigned
  - Role: Vice Chair and Chief Operating Officer
  source text: On January 13, 2025, Hugh S. “Beau” Cummins III, Vice Chair and Chief Operating Officer of Truist Financial Corporation (“Truist”), announced that he will resign from his position, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000119312525005029/0001193125-25-005029-index.htm

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