UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)
Separation Agreement and Release for Matthew Reddin
On July 26, 2023, Simmons First National Corporation (“Company”) and its wholly-owned subsidiary, Simmons Bank (“Bank”), entered into a Separation Agreement and Release (“Agreement”) with Matthew Reddin, whose employment with the Company and the Bank as Executive Vice President and Chief Banking Officer ended effective July 5, 2023 (as reported by the Company in its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on July 7, 2023). Pursuant to the Agreement, Mr. Reddin will receive a lump sum payment of $1,000,000 (less appliable taxes and other required deductions and withholdings) and certain other benefits; and Mr. Reddin has agreed to, among other things, a customary, general waiver and release of claims, as well as post-employment covenants with respect to confidential information, non-competition, and non-solicitation of certain customers and employees.
The description of the Agreement set forth in this Item 5.02 is not complete and is qualified in its entirety by reference to the full text of the Agreement among the Company, the Bank, and Mr. Reddin, which is included as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 10.1 | Separation Agreement and Release among Simmons First National Corporation, Simmons Bank, and Matthew Reddin dated July 26, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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/ Robert A. Fehlman | ||
| Date: July 28, 2023 | Robert A. Fehlman, Chief Executive Officer |