other_material
confidence high
sentiment neutral
materiality 0.40
Simmons First increases life insurance benefits for two officers: Brogdon to $1.4M, Makris III to $800K
SIMMONS FIRST NATIONAL CORP
- James Brogdon's lump sum death benefit increased from $890K to $1.4M, effective Aug 1, 2025.
- George Makris III's lump sum death benefit increased from $610K to $800K, effective same date.
- Increases are under Simmons Bank's Endorsement Split-Dollar Life Insurance Plan, adopted in 2021.
- Plan pays a defined death benefit to beneficiary; bank retains all cash surrender value and excess proceeds.
item 5.02item 9.01