Business Context and Reporting Period
Company: First Horizon Corp (FHN)
Filing Type: Form 8-K (Current Report)
Date of Report: February 14, 2025
Date of Earliest Event: February 11, 2025
Context: This filing reports the retirement of a director from the Board of Directors.
Financial Metrics
This filing does not contain financial data. No revenue, profit, cash flow, margin, debt, or liquidity metrics are reported in this document.
Material Changes
Board Composition: Rosa Sugrañes, age 67, has informed the company of her intention to retire from the Board of Directors. Her retirement will be effective at the time directors are elected at the 2025 annual meeting of shareholders.
- Service History: Ms. Sugrañes has served on the Board since the 2020 merger of equals with IBERIABANK Corporation (IBKC).
- Prior Experience: She was a director of IBKC from 2018 to 2020 and of Sabadell United Bank in Miami from 2006 until its acquisition by IBKC.
- Disagreements: The filing states Ms. Sugrañes has not informed the company of any disagreement with management on any matter.
Guidance, Outlook, and Risks
This filing does not provide financial guidance, outlook, management commentary on operations, or discuss specific risks or contingencies beyond the standard disclosure regarding the director's departure.
Key Facts for Investor Verification
- Confirm the date of the 2025 annual meeting of shareholders to determine the exact effective date of the director's retirement.
- Verify if the Board has announced a replacement candidate for the upcoming annual meeting.
- Review the company's proxy statement for the 2025 annual meeting for further details on the director's tenure and voting procedures.