Business Context and Reporting Period
Company: First Horizon Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: July 24, 2024 (Earliest event reported: July 22, 2024)
Context: The filing reports corporate governance actions taken by the Board of Directors regarding the company's charter and preferred stock structure.
Key Financial Metrics
This filing is a current report regarding corporate charter amendments and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes
- Charter Amendment: On July 22, 2024, the Board of Directors unanimously approved amendments to the corporate charter.
- Preferred Stock Adjustments: Provisions related to Series D and Series G preferred stock were removed from the charter.
- Series D Status: Fully redeemed.
- Series G Status: Fully converted to common stock.
- Share Reversion: Shares previously issued as Series D or G reverted to authorized but unissued preferred stock undesignated as to series.
- Registered Agent: The company's registered agent was changed.
- Effective Date: Amendments became effective upon filing with the Tennessee Secretary of State on July 23, 2024.
Guidance, Outlook, and Risks
This filing does not contain management commentary, financial guidance, outlook, risk factors, contingencies, or unusual items. It is strictly a notification of the amendment and restatement of the corporate charter.
Investor Verification Checklist
- Verify the full text of the Amended and Restated Charter (Exhibit 3.1) to confirm the specific language changes regarding the registered agent and preferred stock series.
- Confirm the status of the Series D and Series G preferred stock redemption and conversion in subsequent financial reports.
- Review the Interactive Data File (Exhibit 104) for structured data on the charter changes.