Simmons First National Corp Reports Executive Changes

TL;DR

Simmons First National Corp (SFNC) board shake-up: Director Buddy Johnson out, new execs in.

AI Summary

Simmons First National Corporation announced on February 28, 2024, changes in its executive team. Specifically, the company reported the departure of Director Robert H. "Buddy" Johnson and the appointment of new officers, including the election of new directors and changes to compensatory arrangements for certain officers.

Why It Matters

Changes in executive leadership and director composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Executive and director changes can introduce uncertainty regarding future strategy and leadership stability.

Key Numbers

• 0-6253 — Commission File Number (Identifier for the company's SEC filings)
• 71-0407808 — I.R.S. Employer Identification No. (Company's tax identification number)

Key Players & Entities

• Simmons First National Corporation (company) — Registrant
• Robert H. "Buddy" Johnson (person) — Departing Director
• February 28, 2024 (date) — Date of earliest event reported
• Arkansas (location) — State of incorporation
• 501 Main Street, Pine Bluff, Arkansas 71601 (location) — Principal executive offices address

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 per share SFNC The Nasdaq Global Se

Filing Documents

• d798602d8k.htm (8-K) — 22KB
• 0001193125-24-055993.txt ( ) — 137KB
• sfnc-20240228.xsd (EX-101.SCH) — 3KB
• sfnc-20240228_lab.xml (EX-101.LAB) — 17KB
• sfnc-20240228_pre.xml (EX-101.PRE) — 11KB
• d798602d8k_htm.xml (XML) — 3KB

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) February 28, 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. Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On February 28, 2024, Jay D. Burchfield (age 77), a member of the board of directors ("Board") of Simmons First National Corporation ("Company"), notified the Company that he has decided not to stand for re-election at the Company's 2024 annual meeting of shareholders. Mr. Burchfield has been a director of the Company since 2015 and has served (among other roles) as chairman of the Board's compensation committee and as a member of the Board's audit committee. The Company appreciates Mr. Burchfield's service and many contributions during his tenure as a director and wishes him well in his future affairs. 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/ C. Daniel Hobbs Date: March 1, 2024 C. Daniel Hobbs, Executive Vice President and Chief Financial Officer