other material
confidence high
sentiment neutral
materiality 0.40
Simmons First CEO enters aircraft time-sharing agreement for personal use of company plane
SIMMONS FIRST NATIONAL CORP
- CEO George Makris Jr. may lease company Falcon 2000S with crew for personal travel under FAR Part 91.
- Reimburses actual expenses (fuel, crew travel, landing fees, etc.) plus 100% fuel surcharge.
- No tax reimbursements for imputed income or federal excise tax; termination on 10 business days notice.
- Agreement effective December 23, 2025, with ongoing indefinite term until terminated.