SouthState Corp Director Departs, New Officers Elected
Ticker: SSB · Form: 8-K · Filed: Jul 25, 2024 · CIK: 764038
| Field | Detail |
|---|---|
| Company | Southstate Corp (SSB) |
| Form Type | 8-K |
| Filed Date | Jul 25, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, board-changes, officer-appointments
TL;DR
Board shakeup at SouthState Corp: Director John W. Williams Jr. out, new execs in.
AI Summary
SouthState Corp announced on July 25, 2024, the departure of director John W. Williams, Jr. effective July 24, 2024. The company also announced the election of new directors and appointments of officers, along with updates to compensatory arrangements for certain officers. Specific details regarding the new directors, officers, and compensation changes were not provided in this initial filing.
Why It Matters
Changes in board composition and executive appointments can signal shifts in company strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance changes and does not appear to involve significant financial transactions or operational disruptions.
Key Players & Entities
- SouthState Corp (company) — Registrant
- John W. Williams, Jr. (person) — Departing Director
- July 24, 2024 (date) — Effective date of director's departure
- July 25, 2024 (date) — Date of report
FAQ
Who are the newly elected directors and appointed officers of SouthState Corp?
The filing states that new directors have been elected and officers appointed, but their specific names and details are not provided in this document.
What are the specific changes to the compensatory arrangements for certain officers?
The filing mentions updates to compensatory arrangements for certain officers, but the details of these changes are not included in this particular report.
What is the reason for John W. Williams, Jr.'s departure from the board?
The filing states that John W. Williams, Jr. departed as a director, but it does not specify the reason for his departure.
When did the changes in directors and officers become effective?
The departure of John W. Williams, Jr. was effective July 24, 2024. The effective dates for the newly elected directors and appointed officers are not explicitly stated but are implied to be around July 24, 2024, given the report date.
Does this filing include any financial statements?
The filing lists 'Financial Statements and Exhibits' as an item, but the content of those exhibits is not detailed within the provided text.
Filing Stats: 850 words · 3 min read · ~3 pages · Grade level 10.5 · Accepted 2024-07-25 16:30:20
Key Financial Figures
- $2.50 — ich registered Common stock, par value $2.50 per share SSB The New York Stock Ex
Filing Documents
- ssb-20240724x8k.htm (8-K) — 52KB
- ssb-20240724xex99d1.htm (EX-99.1) — 8KB
- ssb-20240724x8k001.jpg (GRAPHIC) — 12KB
- ssb-20240724xex99d1001.jpg (GRAPHIC) — 26KB
- 0001558370-24-010191.txt ( ) — 248KB
- ssb-20240724.xsd (EX-101.SCH) — 3KB
- ssb-20240724_lab.xml (EX-101.LAB) — 15KB
- ssb-20240724_pre.xml (EX-101.PRE) — 10KB
- ssb-20240724x8k_htm.xml (XML) — 5KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. On July 24, 2024, at a regularly scheduled quarterly meeting of the Board of Directors (the "Board") of SouthState Corporation (the "Company"), the Board unanimously approved increasing the board size from 11 to 12 members and appointed Merriann Metz, age 49, to fill the new Board seat. Since January 2022, Ms. Metz has served as Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary for Publix Super Markets, Inc. ("Publix"). In this role, Ms. Metz is responsible for the legal, risk management, compliance and environmental and sustainability functions for Publix. Prior to January 2022, Ms. Metz acted as Vice President, General Counsel, Chief Compliance Officer, and Secretary (2019 to 2022), Assistant General Counsel and Assistant Secretary (2016 to 2019) and Senior Counsel (2006 to 2016). Publix operates over 1,300 supermarkets across an eight-state footprint of Florida, Georgia, Alabama, the Carolinas, Tennessee, Virginia and Kentucky. Before joining Publix, Ms. Metz began her practice of law at Lowndes, Drosdick, Doster, Kantor and Reed, P.A., a law firm based in Orlando, Florida, where she focused on commercial real estate, and related real estate and commercial litigation. Ms. Metz actively supports her community through service to various non-profit organizations and has served as Director and Board Chair of Easter Seals Florida, Inc. Ms. Metz's extensive legal, compliance and risk management background will provide the Board with a valuable perspective and risk-based insight and help position the Company for future success. Ms. Metz's board term commenced on July 24, 2024, and it is anticipated that Ms. Metz will serve until the 2025 annual meeting of shareholders, at which time the shareholders of the Company will be asked to elect Ms. Metz for a one-year term expiring as of
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Press Release dated July 25, 2024, issued by SouthState Corporation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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. SOUTHSTATE CORPORATION (Registrant) By: /s/ William E. Matthews, V William E. Matthews, V Senior Executive Vice President and Chief Financial Officer Dated: July 25, 2024 3