FB Financial founder James W. Ayers dies; shareholder agreement terminated

FB Financial Corp

James W. Ayers passed away on April 1, 2025; he owned approximately 23% of FBK common stock.
Shareholder's Agreement between Ayers and the company automatically terminated upon his death.
Agreement previously granted Ayers the right to designate up to 20% of directors and at least one committee member.
Ayers was the sole shareholder before FirstBank's IPO and a transformative leader.
Company expresses condolences and notes legacy of community service.

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