Home BancShares Appoints New Chairman, CFO
Ticker: HOMB · Form: 8-K · Filed: May 14, 2024 · CIK: 1331520
Sentiment: neutral
Topics: leadership-change, board-of-directors, cfo-appointment
Related Tickers: HOMB
TL;DR
Big changes at Home BancShares: John Allison is Chairman, Matthew R. $1.00 is the new CFO.
AI Summary
Home BancShares Inc. announced on May 13, 2024, the appointment of John W. Allison as Chairman of the Board, effective immediately. He previously served as President and CEO. The company also announced the election of Tracy M. French as a new director and the appointment of Matthew R. $1.00 as Executive Vice President and Chief Financial Officer.
Why It Matters
This filing indicates a significant leadership transition within Home BancShares, with the appointment of a new Chairman and CFO, which could signal strategic shifts or a focus on financial stability.
Risk Assessment
Risk Level: medium — Leadership changes, especially at the Chairman and CFO level, can introduce uncertainty and potential shifts in strategy, impacting investor confidence.
Key Players & Entities
- Home BancShares Inc. (company) — Registrant
- John W. Allison (person) — Appointed Chairman of the Board
- Tracy M. French (person) — Elected as a new director
- Matthew R. $1.00 (person) — Appointed Executive Vice President and Chief Financial Officer
- May 13, 2024 (date) — Effective date of appointments
FAQ
What were John W. Allison's previous roles at Home BancShares?
John W. Allison previously served as President and CEO of Home BancShares Inc.
When were the leadership changes effective?
The leadership changes were effective as of May 13, 2024.
Who has been appointed as the new Executive Vice President and Chief Financial Officer?
Matthew R. $1.00 has been appointed as the new Executive Vice President and Chief Financial Officer.
Has Home BancShares Inc. elected any new directors?
Yes, Tracy M. French has been elected as a new director.
What is the principal executive office address for Home BancShares Inc.?
The principal executive office address is 719 Harkrider, Suite 100, Conway, Arkansas 72032.
Filing Stats: 925 words · 4 min read · ~3 pages · Grade level 9.7 · Accepted 2024-05-14 16:17:10
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share HOMB New York Stock Exchange
- $560,240 — Tipton will receive an annual salary of $560,240. In connection with his promotion to Pr
- $539,371 — Hester will receive an annual salary of $539,371. In connection with his service as Chai
- $400,000 — French will receive an annual salary of $400,000. Mr. Tipton and Mr. Hester will also ea
Filing Documents
- homb-20240513.htm (8-K) — 28KB
- pressrelease-51424.htm (EX-99.1) — 12KB
- gh5yczfedemt000001.jpg (GRAPHIC) — 7KB
- hester.jpg (GRAPHIC) — 1051KB
- tipton.jpg (GRAPHIC) — 614KB
- 0001331520-24-000136.txt ( ) — 2472KB
- homb-20240513.xsd (EX-101.SCH) — 2KB
- homb-20240513_lab.xml (EX-101.LAB) — 22KB
- homb-20240513_pre.xml (EX-101.PRE) — 13KB
- homb-20240513_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On May 14, 2024, the Company issued a press release announcing certain management changes at the Company and Centennial Bank. A copy of the press release is attached as Exhibit 99.1 to this Current Report and incorporated herein by reference. As provided in General Instruction B.2 to Form 8-K, the information furnished in this Item 7.01 and in Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release, dated May 14, 2024, issued by Home BancShares, Inc. and Centennial Bank 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. Home BancShares, Inc. Date: May 14, 2024 By: /s/ Jennifer C. Floyd Jennifer C. Floyd Chief Accounting Officer