Company: RNST
Filing Date: 2025-02-26
Form Type: PRE 14A
Source: 0000715072-25-000057
Chunk: 98

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: PRE 14A
Chunk 98
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, the board has the ability to quickly issue shares of preferred stock with certain rights, preferences and limitations that could make the proposed takeover attempt more difficult to complete. Such preferred stock may also be used in connection with the issuance of a shareholder rights plan, sometimes called a “poison pill.”

• Our Bylaws provide that a shareholder may not call a special meeting of shareholders unless such shareholder owns at least 50% of our issued and outstanding stock. This requirement makes it more difficult for a third-party acquiror to call a shareholders’ meeting to vote on corporate matters.

Required Vote. The Authorized Shares Increase Amendment requires the affirmative vote of majority of the votes cast at the annual meeting. Abstentions and broker non-votes will not be counted as votes cast for or against the proposal.

The Authorized Shares Increase Amendment and the Director Exculpation Amendment, discussed immediately below, are separate proposals, and whether our shareholders approve the Director Exculpation Amendment or not will have no effect on the approval of the Authorized Shares Increase Amendment.

| OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE AMENDMENT TO RENASANT’S ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF SHARES OF RENASANT COMMON STOCK AUTHORIZED FOR ISSUANCE. |

Proposal 3 – Amendment to the Articles of Incorporation to Eliminate the Personal Liability of Renasant Directors

General. At its January meeting, the board of directors, following the recommendation of the nominating committee, unanimously approved, and unanimously recommended that our shareholders approve, an amendment to our Articles of Incorporation to provide that Renasant directors shall not be liable to Renasant or its shareholders for monetary damages for any action taken, or any failure to act, as a director, subject to the exceptions as outlined in the MBCA. The full text of the amendment, which we refer to as the “Director Exculpation Amendment,” is attached as Appendix B-2 to this proxy statement.

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The Director Exculpation Amendment will not become effective until Articles of Amendment are filed with the Secretary of State of Mississippi. If the Director Exculpation Amendment is approved, we intend to make this filing promptly after the annual meeting (and, if the Authorized Shares Increase Amendment is also approved, the Articles of Amendment will also include the amendment to the Articles of Incorporation contemplated by the Authorized Shares Increase Amendment).

Considerations of the Committee and the Board. Section