First Horizon Declares $0.12 Dividend, Elects Directors

Ticker: FHN-PH · Form: 8-K · Filed: Apr 23, 2024 · CIK: 36966

Sentiment: neutral

Topics: dividend, corporate-governance, board-of-directors

Related Tickers: FHN

TL;DR

FHN declared a $0.12 dividend, payable June 14. Board elections also happened.

AI Summary

First Horizon Corp. announced on April 23, 2024, that its Board of Directors has declared a quarterly cash dividend of $0.12 per share on its common stock, payable on June 14, 2024, to shareholders of record as of May 17, 2024. The company also reported on the election of directors and other corporate governance matters.

Why It Matters

This dividend declaration provides a direct cash return to shareholders, while the director elections reflect ongoing corporate governance and strategic direction.

Risk Assessment

Risk Level: low — The filing primarily concerns routine corporate actions like dividend declarations and director elections, which are standard for public companies.

Key Numbers

Key Players & Entities

FAQ

What is the amount of the quarterly cash dividend declared by First Horizon Corp.?

First Horizon Corp. declared a quarterly cash dividend of $0.12 per share on its common stock.

When will the declared dividend be paid to shareholders?

The dividend is payable on June 14, 2024.

What is the record date for the dividend payment?

Shareholders of record as of May 17, 2024, will be entitled to receive the dividend.

Besides the dividend, what other key items were reported in this 8-K filing?

The filing also reported on the election of directors and other corporate governance matters.

What is the ticker symbol for First Horizon Corp.?

While not explicitly stated in the provided text, First Horizon Corp. is commonly known by the ticker symbol FHN.

Filing Stats: 1,159 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-04-23 16:17:01

Key Financial Figures

Filing Documents

07. Submission of Matters to a Vote of Security Holders

ITEM 5.07. Submission of Matters to a Vote of Security Holders. (a) & (b) Voting Results for 2023 Annual Meeting On April 23, 2024, First Horizon Corporation ("First Horizon") held its annual meeting of shareholders. At the annual meeting, four vote items were acted upon by the shareholders. The number of votes cast for or against as to each such matter or nominee, and the number of abstentions and broker non-votes as to each such matter or nominee, have been certified and are set forth in the tables below. All vote data is shown rounded to the nearest whole share. VOTE ITEM 1 ELECTION OF DIRECTORS Outcome: All Nominees were Elected Nominee For Against Abstain Broker Non-Vote Harry V. Barton, Jr. 405,103,587 3,675,418 333,456 59,561,399 Velia Carboni 405,665,424 3,100,348 346,690 59,561,399 John C. Compton 385,691,377 23,075,592 345,493 59,561,399 Wendy P. Davidson 404,453,387 4,318,088 340,986 59,561,399 John W. Dietrich 384,939,499 23,795,694 377,269 59,561,399 D. Bryan Jordan 395,316,569 12,232,254 1,563,639 59,561,399 J. Michael Kemp, Sr. 394,201,014 14,562,516 348,931 59,561,399 Rick E. Maples 402,279,359 6,421,577 411,526 59,561,399 Vicki R. Palmer 395,064,816 13,691,046 356,599 59,561,399 Colin V. Reed 397,006,520 11,752,016 353,926 59,561,399 Cecelia D. Stewart 404,792,184 3,958,814 361,465 59,561,399 Rosa Sugraes 404,752,151 4,019,447 340,863 59,561,399 R. Eugene Taylor 404,409,928 4,267,238 435,296 59,561,399 VOTE ITEM 2 RATIFICATION OF APPOINTMENT OF AUDITOR Outcome: Ratified Auditor For Against Abstain Broker Non-Vote KPMG LLP 433,044,366 35,219,300 410,195 — VOTE ITEM 3 APPROVAL OF AMENDMENT TO 2021 INCENTIVE PLAN Outcome: Approved Details For Against Abstain Broker Non-Vote Proposal to approve amendment of the 2021 Incentive Plan, increasing the shares authorized for awards, as described in the 2024 Proxy Statement 394,948,497 13,531,673 632,291 59,561,399 2 FORM 8-K CURRENT REPORT 4/23/2024 VOTE ITEM 4 ADVISORY

01. Other Events

ITEM 8.01. Other Events Updated S-8 Power of Attorney First Horizon hereby files, as Exhibit 24.1 to this Current Report, a power of attorney signed by its current directors along with its principal financial and accounting officers. The new power of attorney relates to the upcoming registration on Form S-8 of the additional shares authorized for awards under the 2021 Incentive Plan by the shareholders in Vote Item 3, and to certain existing registration statements filed on Form S-8 related to various employee benefit plans. In the latter function, Exhibit 24.1 updates earlier powers of attorney.

01. Financial Statements and Exhibits

ITEM 9.01. Financial Statements and Exhibits The following exhibits are filed herewith: Exhibit # Description 10.1 First Horizon Corporation 2021 Incentive Plan, as amended February 25, 2024, incorporated herein by reference to Appendix A to First Horizon's Proxy Statement (Schedule 14A Information) filed with the Securities and Exchange Commission on March 11, 2024 24.1 Power of Attorney 104 Cover Page Interactive Data File, formatted in Inline XBRL All summaries and descriptions of documents, and of amendments thereto, set forth above are qualified in their entirety by the documents themselves, whether filed as an exhibit hereto or filed as an exhibit to a later report. 3 FORM 8-K CURRENT REPORT 4/23/2024

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. FIRST HORIZON CORPORATION (Registrant) April 23, 2024 By: /s/ Clyde A. Billings, Jr. Clyde A. Billings, Jr. Senior Vice President, Assistant General Counsel and Corporate Secretary 4 FORM 8-K CURRENT REPORT 4/23/2024

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