Renascent Corp. Declares Quarterly Dividend

TL;DR

Renascent Corp. is paying out $0.22/share dividend on July 1st.

AI Summary

Renascent Corp. announced on April 21, 2024, that its Board of Directors has declared a quarterly cash dividend of $0.22 per share, payable on July 1, 2024, to shareholders of record as of June 14, 2024. This dividend payment is part of the company's ongoing commitment to returning value to its shareholders.

Why It Matters

This dividend declaration indicates Renascent Corp.'s continued financial stability and commitment to shareholder returns, which can be a positive signal for investors.

Risk Assessment

Risk Level: low — The filing is a routine dividend declaration, which typically carries low risk.

Key Numbers

• $0.22 — Quarterly Dividend Per Share (Amount to be paid to shareholders)

Key Players & Entities

• Renascent Corp. (company) — Registrant
• $0.22 (dollar_amount) — Quarterly cash dividend per share
• April 21, 2024 (date) — Date of earliest event reported
• July 1, 2024 (date) — Payment date for dividend
• June 14, 2024 (date) — Record date for dividend

FAQ

Key Financial Figures

• $5.00 — ange on which registered Common stock, $5.00 par value per share RNST The New York S

Filing Documents

• rnst-20240421.htm (8-K) — 51KB
• exhibit3i_4-25x24amendemen.htm (EX-3.1) — 8KB
• 0000715072-24-000117.txt ( ) — 186KB
• rnst-20240421.xsd (EX-101.SCH) — 2KB
• rnst-20240421_lab.xml (EX-101.LAB) — 21KB
• rnst-20240421_pre.xml (EX-101.PRE) — 12KB
• rnst-20240421_htm.xml (XML) — 3KB

03. Material Modification to Rights of Security Holders

Item 3.03. Material Modification to Rights of Security Holders. As detailed in Item 5.07 below, at Renasant's 2024 Annual Meeting of Shareholders, Renasant's shareholders approved an amendment to Renasant's Articles of Incorporation, as amended, to phase out the classified structure of Renasant's Board of Directors and provide for the annual election of directors (the "Declassification Amendment"). The annual election of directors will be phased in over three years. The directors elected at the 2024 Annual Meeting of Shareholders have been elected for a one-year term expiring at the 2025 Annual Meeting of Shareholders. At the 2025 Annual Meeting of Shareholders, these directors and those directors whose terms expire and are standing for election at such annual meeting (as well as any other nominee for election as a director at the 2025 Annual Meeting of Shareholders) will be elected for a one-year term. Finally, at the 2026 Annual Meeting of Shareholders, all of Renasant's director nominees will stand for election for a one-year term. As a result Renasant's Board of Directors will be fully declassified (with all board members standing for annual election) commencing with the 2026 Annual Meeting of Shareholders. The foregoing description of the Declassification Amendment is qualified in its entirety by reference to the full text of the Articles of Amendment, a copy of which is included as Exhibit 3(i) to this Current Report on Form 8-K and incorporated by reference herein.

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. Renasant held its 2024 Annual Meeting of Shareholders on April 23, 2024. Proxies were solicited pursuant to Section 14(a) of the Securities Exchange Act of 1934, as amended, and there was no solicitation in opposition to Renasant's solicitations. At the meeting, shareholders voted on the following proposals: 1. To elect four Class 1 directors, each to serve a one-year term expiring in 2025 if the Declassification Amendment (as defined in Proposal 2 below) was approved (and to serve a three-year term expiring in 2027 if the Declassification Amendment was not approved); 2. To approve an amendment to Renasant's Articles of Incorporation to phase out the classified structure of the board of directors and provide for the annual election of directors (the "Declassification Amendment"); 3. To approve an amendment to Renasant Corporation's 2020 Long-Term incentive Compensation Plan to increase the number of shares of common stock available for grant, award or issuance under the plan; 4. To adopt a non-binding, advisory resolution approving the compensation of Renasant's named executive officers in 2023; and 5. To ratify the appointment of HORNE LLP as Renasant's independent registered public accountants for 2024. All of Renasant's nominees for directors as listed in the proxy statement were elected with the following vote: For Votes Withheld Class 1 Directors Donald Clark, Jr. 39,896,963 7,070,976 Albert J. Dale, III 44,971,552 1,996,387 Connie L. Engel 46,500,269 467,670 C. Mitchell Waycaster 46,394,100 573,839 There were 4,345,331 broker non-votes for each director on these proposals. The Declassification Amendment was approved with the following vote: For Against Abstentions Broker Non-Votes 46,863,664 90,892 13,383 4,345,331 The amendment to the Renasant 2020 Long-Term Incentive Compensation Plan to increase the number of shares of common stock available for grant, award or issuanc

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) The following exhibits are furnished herewith: Exhibit No. Description 3(i) Ar t i cles of Amendment to the Articles of Incorporation of Renasant Corporation 104 The cover page of Renasant Corporation's Form 8-K is formatted in Inline XBRL

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RENASANT CORPORATION Date: April 25, 2024 By: /s/ C. Mitchell Waycaster C. Mitchell Waycaster Chief Executive Officer

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