Welcome to our dedicated page for Synovus Financia SEC filings (Ticker: SNV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Synovus Financial Corp. SEC filings document the banking company's public-company record, capital structure and completed corporate-status transition. Recent records include Form 25 removal of its common stock and Series D and Series E preferred stock from New York Stock Exchange listing and Form 15 termination or suspension of Exchange Act registration and reporting obligations after the completed merger into Pinnacle Financial Partners.
Earlier 8-K filings cover material-event disclosures, Synovus Bank subordinated bank notes, Regulation FD investor presentation materials, merger-related governance matters and listed security classes for SNV common stock and preferred securities.
Synovus Financial (SNV) filed an 8-K disclosing a merger-of-equals with Pinnacle Financial Partners. Both holding companies will merge into newly created Steel Newco Inc., which will take the Pinnacle Financial Partners name and continue trading on the NYSE.
Consideration: each Synovus common share converts into 0.5237 Newco shares; each Pinnacle share converts one-for-one. Cash will be paid for fractional shares. All Series D and E Synovus preferred and Pinnacle Series B preferred convert into economically similar Newco preferred.
Governance & management: a 15-member board (8 Pinnacle, 7 Synovus) will be chaired by Pinnacle founder M Terry Turner (non-executive). Synovus CEO Kevin Blair becomes CEO and President; Jamie Gregory becomes CFO; Robert McCabe becomes Vice Chair and Chief Banking Officer. Headquarters: Newco in Atlanta; Pinnacle Bank in Nashville.
Key terms: closing requires shareholder approvals, Federal Reserve and state banking consents, NYSE listing and effective Form S-4. Either party owes a 425 million USD break-up fee if certain termination events occur. Separate two-year employment contracts lock in Blair (1.15 m USD base, 170 pct bonus target, 5.8 m USD LTI) and Gregory (0.675 m USD base, 120 pct bonus, 1.825 m USD LTI).