Business Context and Reporting Period
Company: Simmons First National Corporation (SFNC)
Filing Type: Form 8-K (Current Report)
Date of Report: February 27, 2026
Reporting Period: Specific event date of February 27, 2026
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is a current report regarding a specific corporate governance event.
Material Changes
The filing reports a material amendment to an executive compensation agreement:
- Event: Execution of a First Amendment to the Executive Change in Control Severance Agreement for James M. Brogdon.
- Parties: Simmons First National Corporation, Simmons Bank, and James M. Brogdon.
- Change: The formula for "termination compensation" was increased from two (2) times Mr. Brogdon's Base Period Income to three (3) times his Base Period Income.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, management commentary on operations, or a discussion of general business risks. The primary disclosure relates to the specific terms of the amended severance agreement, which is attached as Exhibit 10.1.
Investor Verification Checklist
- Review the full text of the First Amendment to the Executive Change in Control Severance Agreement (Exhibit 10.1) to understand all terms and conditions.
- Verify the definition of "Base Period Income" within the agreement to assess the potential financial impact of the increased multiplier.
- Confirm the effective date of the amendment and any retroactive provisions.