Renasant Corp Files DEF 14A for 2024 Annual Meeting

Ticker: RNST · Form: DEF 14A · Filed: Mar 13, 2024 · CIK: 715072

Renasant Corp DEF 14A Filing Summary
FieldDetail
CompanyRenasant Corp (RNST)
Form TypeDEF 14A
Filed DateMar 13, 2024
Risk Levellow
Pages12
Reading Time14 min
Key Dollar Amounts$2.56, $2.95, $3.12, $1.48, $2.88
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Renasant Corp, SEC Filing, Corporate Governance, Executive Compensation

TL;DR

<b>Renasant Corp has submitted its DEF 14A filing detailing corporate governance and executive compensation information.</b>

AI Summary

RENASANT CORP (RNST) filed a Proxy Statement (DEF 14A) with the SEC on March 13, 2024. Renasant Corp filed a DEF 14A with the SEC on March 13, 2024. The filing covers the period ending April 23, 2024. The company's fiscal year ends on December 31. Renasant Corp is incorporated in Mississippi. The company's business address is 209 Troy Street, Tupelo, MS.

Why It Matters

For investors and stakeholders tracking RENASANT CORP, this filing contains several important signals. This DEF 14A filing is crucial for shareholders to understand executive compensation, director nominations, and other voting matters ahead of the annual meeting. The detailed information provided allows investors to make informed decisions regarding their proxy votes, impacting corporate governance and shareholder value.

Risk Assessment

Risk Level: low — RENASANT CORP shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational red flags.

Analyst Insight

Review the executive compensation details and director nominations to prepare for the upcoming shareholder vote.

Key Numbers

  • 2024-04-23 — Conformed Period of Report (DEF 14A)
  • 2024-03-13 — Filed as of Date (DEF 14A)
  • 1231 — Fiscal Year End (DEF 14A)
  • 001-13253 — SEC File Number (DEF 14A)

Key Players & Entities

  • RENASANT CORP (company) — FILER
  • 0000715072 (company) — CENTRAL INDEX KEY
  • 6022 (company) — STANDARD INDUSTRIAL CLASSIFICATION
  • MS (company) — STATE OF INCORPORATION
  • TUPELO (company) — CITY
  • 38804-4827 (company) — ZIP
  • (662) 680-1001 (company) — BUSINESS PHONE
  • PEOPLES HOLDING CO (company) — FORMER COMPANY

FAQ

When did RENASANT CORP file this DEF 14A?

RENASANT CORP filed this Proxy Statement (DEF 14A) with the SEC on March 13, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by RENASANT CORP (RNST).

Where can I read the original DEF 14A filing from RENASANT CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by RENASANT CORP.

What are the key takeaways from RENASANT CORP's DEF 14A?

RENASANT CORP filed this DEF 14A on March 13, 2024. Key takeaways: Renasant Corp filed a DEF 14A with the SEC on March 13, 2024.. The filing covers the period ending April 23, 2024.. The company's fiscal year ends on December 31..

Is RENASANT CORP a risky investment based on this filing?

Based on this DEF 14A, RENASANT CORP presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational red flags.

What should investors do after reading RENASANT CORP's DEF 14A?

Review the executive compensation details and director nominations to prepare for the upcoming shareholder vote. The overall sentiment from this filing is neutral.

How does RENASANT CORP compare to its industry peers?

Renasant Corp operates within the commercial banking sector, providing a range of financial services.

Are there regulatory concerns for RENASANT CORP?

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934, mandating public companies to provide detailed information to shareholders for annual meetings.

Industry Context

Renasant Corp operates within the commercial banking sector, providing a range of financial services.

Regulatory Implications

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934, mandating public companies to provide detailed information to shareholders for annual meetings.

What Investors Should Do

  1. Analyze the executive compensation packages disclosed in the filing.
  2. Review the list of director nominees and their qualifications.
  3. Understand the proposals to be voted on at the annual meeting.

Key Dates

  • 2024-03-13: Filing Date — Submission of DEF 14A
  • 2024-04-23: Period of Report — Covers information up to this date

Year-Over-Year Comparison

This is the initial DEF 14A filing for the 2024 proxy season, with no prior period data to compare against within this specific document.

Filing Stats: 3,548 words · 14 min read · ~12 pages · Grade level 11 · Accepted 2024-03-13 11:40:34

Key Financial Figures

  • $2.56 — 2022 2021 2020 2019 Diluted EPS (GAAP) $2.56 $2.95 $3.12 $1.48 $2.88 Adjusted Dilut
  • $2.95 — 021 2020 2019 Diluted EPS (GAAP) $2.56 $2.95 $3.12 $1.48 $2.88 Adjusted Diluted EPS
  • $3.12 — 20 2019 Diluted EPS (GAAP) $2.56 $2.95 $3.12 $1.48 $2.88 Adjusted Diluted EPS (non-
  • $1.48 — 9 Diluted EPS (GAAP) $2.56 $2.95 $3.12 $1.48 $2.88 Adjusted Diluted EPS (non-GAAP)
  • $2.88 — uted EPS (GAAP) $2.56 $2.95 $3.12 $1.48 $2.88 Adjusted Diluted EPS (non-GAAP) (1) $
  • $3.15 — 8 Adjusted Diluted EPS (non-GAAP) (1) $3.15 $3.00 $2.98 $1.93 $3.03 Return on Aver
  • $3.00 — usted Diluted EPS (non-GAAP) (1) $3.15 $3.00 $2.98 $1.93 $3.03 Return on Average Sh
  • $2.98 — Diluted EPS (non-GAAP) (1) $3.15 $3.00 $2.98 $1.93 $3.03 Return on Average Sharehol
  • $1.93 — d EPS (non-GAAP) (1) $3.15 $3.00 $2.98 $1.93 $3.03 Return on Average Shareholders'
  • $3.03 — (non-GAAP) (1) $3.15 $3.00 $2.98 $1.93 $3.03 Return on Average Shareholders' Equity
  • $144.7 million — shareholders. Net income for 2023 was $144.7 million. Net income in 2023 was down from 2022
  • $511.4 million — ortfolio. In 2023 we sold approximately $511.4 million in securities for a pre-tax loss of $22
  • $22.4 million — ion in securities for a pre-tax loss of $22.4 million in addition to recognizing a non-credit
  • $19.4 million — a non-credit related impairment loss of $19.4 million on account of the Company's intent to s
  • $12.4 b — or investment at December 31, 2023 were $12.4 billion, an increase from $11.6 billion a

Filing Documents

From the Filing

rnst-20240313 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [ x ] Filed by a party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ x ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Under Rule 14a-12 RENASANT CORPORATION (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [ x ] No fee required. [ ] Fee paid previously with preliminary materials. [ ] Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 209 Troy Street Tupelo, Mississippi 38804-4827 March 13, 2024 Dear Respected Shareholder: On behalf of the board of directors, we cordially invite you to attend the 2024 Annual Meeting of Shareholders of Renasant Corporation. The annual meeting will be held beginning at 1:30 p.m., Central time, on Tuesday, April 23, 2024 at the principal offices of Renasant Bank, 209 Troy Street, Tupelo, Mississippi 38804-4827. The formal notice of the annual meeting appears on the next page. At the annual meeting, you will be asked to (1) elect four Class 1 directors, each to serve a 1-year term expiring in 2025 if shareholders adopt the Declassification Amendment (as defined in (2) below) (and to serve a 3-year term expiring in 2027 if shareholders do not adopt the Declassification Amendment), (2) approve the "Declassification Amendment," which means 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, (3) 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) adopt, in a non-binding advisory vote, a resolution approving the compensation of our named executive officers, as described in the proxy statement, (5) ratify the appointment of HORNE LLP as our independent registered public accountants for 2024, and (6) transact such other business as may properly come before the annual meeting or any adjournments or postponements thereof. The accompanying proxy statement provides detailed information concerning the matters to be acted upon at the annual meeting. We urge you to review this proxy statement and each of the proposals carefully. It is important that your views be represented at the annual meeting regardless of the number of shares you own or whether you are able to attend the annual meeting. On March 13, 2024, we posted on our internet website, www.proxyvote.com, a copy of our proxy statement and proxy card for the 2024 Annual Meeting of Shareholders and our Annual Report on Form 10-K for the year ended December 31, 2023 (which serves as our Annual Report to Shareholders). On the same date, we mailed our shareholders a notice containing instructions on how to access our proxy materials over the internet and how to vote online (except that shareholders who affirmatively elected to receive paper copies of our proxy materials were mailed a full set of our proxy materials). You may vote your shares via a toll-free telephone number or on the internet. If you received a paper copy of the proxy card, you may vote by signing, dating and mailing the accompanying proxy card in the envelope provided. Further voting instructions can be found beginning on page 66 of the proxy statement. As always, if you are the record owner of our stock, you may vote by attending the annual meeting in person. There will be no webcast or other virtual component to the annual meeting. On behalf of our board of directors, I would like to express our appreciation for your continued interest in Renasant Corporation. Sincerely, E. Robinson McGraw Chairman of the Board and Executive Chairman RENASANT CORPORATION 209 Troy Street Tupelo, Mississippi 38804-4827 NOTICE OF ANNUAL MEETING TIME AND PLACE 1:30 p.m., Central time, on Tuesday, April 23, 2024 Renasant Bank 209 Troy Street Tupelo, Mississippi 38804-4827 ITEMS OF BUSINESS 1. Election of four Class 1 directors who will each serve a one-year term expiring in 2025 if the Declassification Amendment (as defined in Proposal 2 below) is approved (and will serve a three-year term expiring in 2027 if the Declassification Amendment is not approved) 2. Approval of an amendment to Renasant Corporation'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. Approval of an amendment to the Renasant

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