Business Context and Reporting Period
Company: Simmons First National Corp (SFNC)
Filing Type: Form 8-K (Current Report)
Date of Report: August 1, 2025
Reporting Period: Specific event date of August 1, 2025
This filing reports changes to compensatory arrangements for certain officers under the Simmons Bank Endorsement Split-Dollar Life Insurance Plan.
Key Financial Metrics
This Form 8-K does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The filing is limited to a disclosure regarding executive compensation benefits.
Material Changes
Effective August 1, 2025, the Company increased the lump sum life insurance benefits for two officers under the Split-Dollar Plan:
- James "Jay" Brogdon (President): Benefit increased from $890,000 to $1,400,000.
- George Makris III (General Counsel): Benefit increased from $610,000 to $800,000.
Guidance, Outlook, and Risks
Management Commentary: The filing states that the description of the Split-Dollar Plan is not complete and is qualified by reference to the full text of the plan included as Exhibit 10.1.
Risks and Contingencies: No specific risks, contingencies, or forward-looking guidance regarding financial performance are disclosed in this document.
Investor Verification Checklist
- Review Exhibit 10.1 (Simmons Bank Endorsement Split-Dollar Life Insurance Plan) for full terms and conditions.
- Verify the total cost impact of these benefit increases on the Company's future financial statements.
- Confirm if similar adjustments are planned for other officers or if this is an isolated event.