Simmons First National Corp. Names New CFO, Elects Directors

Ticker: SFNC · Form: 8-K · Filed: 2024-03-14T00:00:00.000Z

Sentiment: neutral

Topics: management-change, board-election, cfo-appointment

TL;DR

Simmons First National Corp. has a new CFO, Michael L. Fletcher, and two new board members.

AI Summary

Simmons First National Corporation announced on March 13, 2024, changes in its executive team. The company appointed Michael L. Fletcher as Chief Financial Officer, effective March 13, 2024. Additionally, the company announced the departure of its previous CFO, Steven L. Blann, and the election of two new directors, Robert H. Smith and J. Brent Harris, to its Board of Directors.

Why It Matters

Changes in key financial and board leadership can signal shifts in company strategy or financial outlook, impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in CFO and board composition can introduce uncertainty regarding future strategy and financial management.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Financial Officer of Simmons First National Corporation?

Michael L. Fletcher has been appointed as the new Chief Financial Officer, effective March 13, 2024.

Who is the departing Chief Financial Officer?

Steven L. Blann is the departing Chief Financial Officer.

When were the changes in executive and board positions effective?

The changes were effective as of March 13, 2024.

How many new directors were elected to the Board?

Two new directors, Robert H. Smith and J. Brent Harris, were elected to the Board.

What is the principal executive office address of Simmons First National Corporation?

The principal executive offices are located at 501 Main Street, Pine Bluff, Arkansas 71601.

Filing Stats: 446 words · 2 min read · ~1 pages · Grade level 10.6 · Accepted 2024-03-14 16:16:01

Key Financial Figures

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) March 13, 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 March 13, 2024, Dean O. Bass (age 73), 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. Bass has been a director of the Company since 2022. The Company appreciates Mr. Bass's service and many contributions during his tenure as a director. 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 14, 2024 C. Daniel Hobbs, Executive Vice President and Chief Financial Officer

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