Simmons First raises Brogdon severance multiple
Simmons First National Corporation reported a change to the severance terms for executive James M. Brogdon in the event of a change in control.
Rhea-AI Filing Summary
Simmons First National Corporation reported a change to the severance terms for executive James M. Brogdon in the event of a change in control. The company and Simmons Bank entered into a First Amendment to his Executive Change in Control Severance Agreement.
The amendment increases the formula for Brogdon’s "termination compensation" from two times his Base Period Income to three times his Base Period Income, as defined in the original 2021 agreement. The full text of the amendment is provided as Exhibit 10.1.
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8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive compensation change did Simmons First (SFNC) disclose?
Who is covered by the amended change in control agreement at Simmons First (SFNC)?
How did Simmons First (SFNC) change James M. Brogdon’s termination compensation formula?
When was the First Amendment to James M. Brogdon’s severance agreement dated?
Where can investors find the full text of the Simmons First (SFNC) amendment?
Does the Simmons First (SFNC) filing include any financial statements?
AI-generated analysis. How Rhea-AI works. Not financial advice.