Business Context and Reporting Period
This Form 8-K Current Report was filed by First Horizon Corporation on August 7, 2025, covering events occurring on August 4, 2025. The filing primarily addresses a senior executive departure and a recent redemption of preferred stock.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses on corporate governance and capital structure changes rather than operational financial performance.
Material Changes
- Executive Departure: David T. Popwell, 65, Senior Executive Vice President—Senior Strategic Executive, announced his retirement effective December 31, 2025. The company states this decision is not the result of any disagreement.
- Preferred Stock Redemption: All shares of Series B Preferred Stock were redeemed on August 1, 2025. Consequently, the Series B Depositary Shares were suspended from trading on the New York Stock Exchange on August 1, 2025, with delisting expected on August 12, 2025.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of new risks and contingencies. The only unusual item noted is the scheduled retirement of a senior officer and the delisting of a specific class of preferred securities.
Investor Verification Checklist
- Confirm the effective retirement date of David T. Popwell (December 31, 2025) and any succession plans.
- Verify the delisting status of Series B Depositary Shares (FHN PR B) on the NYSE by August 12, 2025.
- Review the impact of the Series B redemption on the company's capital structure in subsequent quarterly reports.