EVP Miguel Palacios departs; severance of $475K and RSU vesting detailed

Amerant Bancorp Inc.

Miguel Palacios stepped down as EVP and Head of Commercial Banking effective Feb 28, 2023.
Separation Agreement provides $475,000 cash severance paid bi-weekly over one year.
Medical insurance stipend for up to two years; 9,170 performance RSUs vested on termination.
All other unvested equity awards forfeited; non-compete, non-solicit, confidentiality clauses apply.

item 5.02 item 9.01

Executive movements

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Departed

Miguel Palacios

EVP and Head of Commercial Banking

AMTB · Amerant Bancorp Inc.

Effective: 2023-02-28
Filed: March 10, 2023, 6:59 PM ET

Mr. Palacios would step down from his position as the Company’s and the Bank’s EVP and Head of Commercial Banking effective February 28, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Miguel Palacios departed as EVP and Head of Commercial Banking at Amerant Bancorp Inc..

Action: stepped down
Role: EVP and Head of Commercial Banking

Exact text from the filing

Mr. Palacios would step down from his position as the Company’s and the Bank’s EVP and Head of Commercial Banking effective February 28, 2023

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Amerant Bancorp Inc. filing history →

Source: SEC EDGAR

accession 0001734342-23-000018

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