Simmons First National Corp Reports Executive Changes on Jan 5

Ticker: SFNC · Form: 8-K · Filed: 2024-01-08T00:00:00.000Z

Sentiment: neutral

Topics: executive-change, compensation, corporate-governance

TL;DR

**Simmons First National Corp just filed an 8-K about executive changes, keep an eye out for details.**

AI Summary

Simmons First National Corporation filed an 8-K on January 8, 2024, reporting an event that occurred on January 5, 2024. This filing indicates a change in the company's leadership or executive compensation arrangements, as per Item 5.02 of Form 8-K, which covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.' While specific names or dollar amounts are not detailed in this summary, the filing signals potential shifts in the company's strategic direction or financial commitments related to its top personnel. For investors, this matters because changes in executive leadership or compensation can impact company performance, governance, and future strategic decisions, potentially affecting stock valuation.

Why It Matters

Changes in executive leadership or compensation can signal shifts in company strategy or financial health, directly influencing investor confidence and stock performance. Investors should monitor subsequent disclosures for details on who is affected and the financial implications.

Risk Assessment

Risk Level: medium — The filing indicates changes in executive personnel or compensation, which can introduce uncertainty regarding future company direction and stability, warranting a medium risk assessment until more details are disclosed.

Analyst Insight

Investors should await further detailed disclosures from Simmons First National Corporation regarding the specific nature of the executive changes or compensation arrangements. This initial 8-K is a notification of an event, not a full explanation, so holding off on any significant investment decisions until more information is available is prudent.

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FAQ

What specific event did Simmons First National Corporation report in this 8-K filing?

Simmons First National Corporation reported an event under Item 5.02, titled 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' which occurred on January 5, 2024.

When was this 8-K filing submitted to the SEC?

The 8-K filing was submitted to the SEC on January 8, 2024, as indicated by the 'FILED AS OF DATE' and 'DATE AS OF CHANGE' in the filing header.

What is the business address of Simmons First National Corporation as stated in the filing?

The business address of Simmons First National Corporation is 501 Main Street, Pine Bluff, Arkansas 71601, with a business phone number of (870) 541-1000.

What is the trading symbol for Simmons First National Corporation's common stock and on which exchange is it registered?

The trading symbol for Simmons First National Corporation's common stock is SFNC, and it is registered on The Nasdaq Global Select Market.

Does this filing indicate that Simmons First National Corporation is an emerging growth company?

No, the filing explicitly indicates with a '☐' (unchecked box) that the registrant is NOT checking the box for being an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Filing Stats: 407 words · 2 min read · ~1 pages · Grade level 11.5 · Accepted 2024-01-08 16:10:31

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Filing Documents

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 5, 2024 SIMMONS FIRST NATIONAL CORPORATION (Exact name of registrant as specified in its charter) Arkansas 0-6253 71-0407808 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 501 Main Street , Pine Bluff , Arkansas 71601 (Address of principal executive offices) (Zip Code) (870) 541-1000 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share SFNC The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On January 5, 2024, Stephen C. Massanelli (age 68), Senior Executive Vice President and Chief Administrative Officer of Simmons First National Corporation ("Company"), notified the Company that he intends to retire, effective January 1, 2025. SIGNATURE 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. SIMMONS FIRST NATIONAL CORPORATION /s/ James M. Brogdon Date: January 8, 2024 James M. Brogdon, President

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