Pinnacle Financial (PNFP-PA) extends McCabe term, sets fee
Rhea-AI Filing Summary
Pinnacle Financial Partners, Inc. extended Robert A. McCabe Jr.’s term as Chief Banking Officer and Vice Chair of the Board from December 31, 2026 to December 31, 2027 through a Second Amendment to their existing letter agreement.
After his executive service, McCabe will serve as a consultant to the company for two years, receiving an annual fee of $1,150,000. The board also approved a Bylaw Amendment effective July 29, 2026 to reflect the extension of his leadership roles.
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8-K Event Classification
3 items: 5.02, 5.03, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Consulting annual fee: $1,150,000
New executive term end date: December 31, 2027
Prior executive term end date: December 31, 2026
+1 more
4 metrics
Consulting annual fee
$1,150,000
Annual fee during two-year consulting period following executive service
New executive term end date
December 31, 2027
End date for McCabe’s service as Chief Banking Officer and Vice Chair under Second Amendment
Prior executive term end date
December 31, 2026
Original end date for McCabe’s term before the Second Amendment
Consulting period length
2 years
Duration of McCabe’s consulting role after his executive service ends
Key Terms
Second Amendment, Bylaw Amendment, Inline XBRL
3 terms
Second Amendment regulatory
"entered into an amendment (the Second Amendment) to the letter"
A second amendment is the second formal change made to a company’s legal agreement or contract—such as a loan, lease, shareholder pact, or merger document—and updates the rules that govern that relationship. For investors, it matters because these changes can alter payment terms, deadlines, rights or protections (like who controls decisions or how much debt a company can take), which can affect a company’s risk, cash flow and value; think of it as the second revised rulebook that stakeholders must follow.
Bylaw Amendment regulatory
"approved an amendment to the Company’s bylaws (the Bylaw Amendment)"
Inline XBRL technical
"Cover Page Interactive Data File (formatted as Inline XBRL)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What executive agreement did Pinnacle Financial Partners (PNFP-PA) change on July 29, 2026?
Pinnacle Financial Partners amended a prior letter agreement with Robert A. McCabe Jr. through a Second Amendment dated July 29, 2026. It extends his term as Chief Banking Officer and Vice Chair and defines compensation for a subsequent consulting role with the company.
How long will Robert A. McCabe Jr. serve in leadership roles at Pinnacle Financial Partners (PNFP-PA)?
Robert A. McCabe Jr. will now serve as Chief Banking Officer and Vice Chair of the Board through December 31, 2027. Afterward, he is scheduled to serve as a consultant to the company for an additional two-year period under the amended agreement.
What compensation will McCabe receive as a consultant to Pinnacle Financial Partners (PNFP-PA)?
During his two-year consulting period with Pinnacle Financial Partners, Robert A. McCabe Jr. will receive an annual fee of $1,150,000. This consulting arrangement begins after his service as Chief Banking Officer and Vice Chair ends on December 31, 2027.
Does the Pinnacle Financial Partners (PNFP-PA) report mention any impact on other executives?
The report focuses on Robert A. McCabe Jr., extending his executive term and setting a consulting arrangement. It also notes a related Bylaw Amendment but does not describe changes to the roles or compensation of other specific executives.
Which exhibits are associated with the McCabe amendments for Pinnacle Financial Partners (PNFP-PA)?
The report lists Exhibit 3.1 as the Amendment to Bylaws of Pinnacle Financial Partners, Inc. and Exhibit 10.1 as the Second Amendment to the letter agreement among McCabe, Pinnacle Financial Partners, Inc., and Pinnacle Bank.