Company: SFNC
Filing Date: 2025-08-06
Form Type: 8-K
Source: 0001193125-25-174517
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Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-06
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Bank Owned Life Insurance

Simmons First National Corporation’s (“ Company”) bank subsidiary, Simmons Bank, maintains the Simmons Bank Endorsement Split-Dollar Life Insurance Plan (“ Split-Dollar Plan”) under which, among other things, Simmons Bank maintains life insurance on the lives of certain officers and provides, subject to certain terms and conditions set forth in the Split-Dollar Plan, a defined, lump sum life insurance benefit upon the death of the officer to such officer’s designated beneficiary, surviving spouse or estate (“ Benefit”). Among certain other officers, James “ Jay” Brogdon and George Makris III, the Company’s president and general counsel, respectively, are participants in the Split-Dollar Plan. Effective August 1, 2025, Mr. Brogdon’s Benefit was increased from $890,000 to $1,400,000, and Mr. Makris III’s Benefit was increased from $610,000 to $800,000.

The description of the Split-Dollar Plan set forth in this Item 5.02 is not complete and is qualified in its entirety by reference to the full text of the Split-Dollar Plan, which is included as Exhibit 10.1 to this Current Report on Form8-Kand is incorporated herein by reference.