Company: RNST
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0000715072-25-000085
Chunk: 101

Company: RENASANT CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 101
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 as each share of common stock currently authorized or outstanding. These additional shares will not have any effect on the rights of present shareholders. However, our shareholders do not have preemptive rights (that is, the right to have the first chance to purchase shares in future stock issuances). Therefore, if the board determines to issue additional shares of our common stock, it would have the discretion to determine to whom such additional shares would be offered. As a result, the issuance of additional authorized shares in the future, other than through a proportional issuance such as a stock dividend, will have a dilutive effect on shareholders’ interests with respect to earnings per share, voting and liquidation value and, depending on the price at which the shares are issued, book and market value per share.

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Possible Anti-Takeover Effects of the Proposal. An increase in the authorized number of shares of common stock and the issuance of the shares may also have the effect of delaying or preventing a change in control of Renasant. Shares of authorized and unissued common stock could be issued (within the limits imposed by applicable law) in one or more transactions that would make a change in control of Renasant more difficult and therefore less likely. Any issuance of additional stock could have the effect of diluting the earnings per share and book value per share of outstanding shares of common stock and could be used to dilute the stock ownership or voting rights of a person seeking to obtain control of Renasant or to remove incumbent management.

The Authorized Shares Increase Amendment is not in response to any effort by an outside party to accumulate Renasant common stock, nor are we aware of any such effort. Further, it is not in response to any attempt to acquire control of Renasant, nor are we aware of any such attempt. The Authorized Shares Increase Amendment is not part of a plan by Renasant to adopt a series of anti-takeover measures nor do we have any present intention of proposing the adoption of anti-takeover measures in the future.

There are existing anti-takeover provisions included in our Articles of Incorporation and Bylaws, as summarized below:

• The Articles of Incorporation contain a “fair price” provision. This provision requires the approval by the holders of not less than 80% of our outstanding voting stock, and the approval of the holders of not less than 67% of our outstanding voting stock held by shareholders other than a “controlling party” (defined to mean a shareholder owning or controlling 20% or more of our