Company: FCNCB
Filing Date: 2025-06-26
Form Type: 8-K
Source: 0000798941-25-000028
Chunk: 1

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-06-26
Form: 8-K
Item: Item 5.02
Chunk 1
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 outstanding businesswomen in the Charlotte Business Journal’s 2018 Women in Business Awards. Ms. Morais is active in the Charlotte community, having served as an ‘ Executive in Residence’ for Queens University and volunteers for Habitat for Humanity, Dress for Success, and the Salvation Army.

There are no arrangements or understandings between Ms. Morais and any other persons pursuant to which she was selected as a director, and there are no transactions or relationships involving Ms. Morais and BancShares requiring disclosure under Item 404(a) of Regulation S-K.

The Board has undertaken a review of the relevant information involving Ms. Morais and has determined that she is “independent” as that term is defined under the applicable listing requirements of The Nasdaq Stock Market. Ms. Morais will receive compensation for her service as a director on a prorated basis consistent with that of BancShares’ other non-associate directors. A description of BancShares’ standard compensation arrangements for non-associate directors is included in its definitive proxy statement filed with the Securities and Exchange Commission on March 18, 2025.