First Horizon Corp. Files 8-K on Stock Amendments
Ticker: FHN-PH · Form: 8-K · Filed: Jul 24, 2024 · CIK: 36966
Sentiment: neutral
Topics: corporate-governance, stock-structure, amendment
Related Tickers: FHN
TL;DR
FHN filed an 8-K detailing changes to its common and preferred stock structure.
AI Summary
First Horizon Corp. filed an 8-K on July 24, 2024, reporting amendments to its Articles of Incorporation or Bylaws and filing financial statements and exhibits. The filing pertains to changes related to its capital stock, specifically common stock and various series of preferred stock, as of July 22, 2024.
Why It Matters
This filing indicates potential structural changes or updates to First Horizon Corp.'s equity structure, which could impact investors' understanding of the company's share classes and their associated rights.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate housekeeping and stock structure amendments, not immediate financial distress or significant operational shifts.
Key Players & Entities
- FIRST HORIZON CORP (company) — Filer
- 0000036966-24-000078 (filing_id) — Accession Number
- 20240724 (date) — Filing Date
- 20240722 (date) — Period of Report
- 165 MADISON AVENUE (address) — Business Address
- MEMPHIS (city) — Business Address City
- TN (state) — Business Address State
- 38103 (zip_code) — Business Address Zip
- FIRST HORIZON NATIONAL CORP (company) — Former Company Name
- FIRST TENNESSEE NATIONAL CORP (company) — Former Company Name
FAQ
What specific amendments were made to First Horizon Corp.'s Articles of Incorporation or Bylaws?
The filing indicates amendments related to its capital stock, including common stock and various series of preferred stock (Series B, C, E), as of July 22, 2024.
What is the significance of the 'Depository Shares' mentioned in the filing?
The filing mentions 'Depository Shares Each Representing A 1/4000th Interest In A Share Of Non-Cumulative Perpetual Preferred Stock Series B/C/E Member,' indicating a structure where depository shares represent fractional interests in preferred stock.
When was the period of report for this 8-K filing?
The conformed period of report for this filing was July 22, 2024.
What are the business address and phone number for First Horizon Corp. as listed in the filing?
The business address is 165 Madison Avenue, Memphis, TN 38103, and the business phone number is 901-818-6232.
What were some of First Horizon Corp.'s previous names?
Previous names for the company include First Horizon National Corp, First Tennessee National Corp, and First Tennessee Banks Inc.
Filing Stats: 689 words · 3 min read · ~2 pages · Grade level 12.8 · Accepted 2024-07-24 16:22:14
Key Financial Figures
- $0.625 — ) Name of Exchange on which Registered $0.625 Par Value Common Capital Stock FHN New
Filing Documents
- fhn-20240722.htm (8-K) — 40KB
- a8-k7222024exh31fhncharter.htm (EX-3.1) — 423KB
- fhn-20240722_g1.jpg (GRAPHIC) — 18KB
- fhn-20240722_g2.jpg (GRAPHIC) — 5KB
- 0000036966-24-000078.txt ( ) — 784KB
- fhn-20240722.xsd (EX-101.SCH) — 4KB
- fhn-20240722_def.xml (EX-101.DEF) — 18KB
- fhn-20240722_lab.xml (EX-101.LAB) — 36KB
- fhn-20240722_pre.xml (EX-101.PRE) — 19KB
- fhn-20240722_htm.xml (XML) — 7KB
03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Amendment and Restatement of Corporate Charter On July 22, 2024, the Board of Directors unanimously approved amendments to the charter of First Horizon Corporation, changing the company's registered agent and removing provisions related to the company's Series D and Series G preferred stock. Series D preferred stock has been fully redeemed, and Series G preferred stock has been fully converted to common stock. The shares of preferred stock that previously were issued as Series D or Series G have reverted to authorized but unissued shares of preferred stock undesignated as to series, making obsolete those charter provisions which supported Series D and Series G. The Board further approved restating the charter document. The amendments and restatement were effective upon filing with the Tennessee Secretary of State, which occurred on July 23, 2024.
01. Financial Statements and Exhibits
ITEM 9.01. Financial Statements and Exhibits The following exhibits are filed herewith: Exhibit # Description 3.1 Amended and Restated Charter of First Horizon Corporation [2024] 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. 2 FORM 8-K CURRENT REPORT 7/22/2024
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) July 24, 2024 By: /s/ Shannon M. Hernandez Shannon M. Hernandez Senior Vice President, Assistant General Counsel and Corporate Secretary 3 FORM 8-K CURRENT REPORT 7/22/2024