Company: SFNC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001174947-25-000476
Chunk: 30

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 30
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 President, General Counsel, and Secretary in April 2020. Prior to serving in that role, he was Senior Vice President, Assistant General Counsel, and Assistant Secretary. [6]In addition to Executive Vice President and Chief People Officer, Ms. Compton has, during the last five years, served as the Company’s Chief Strategy Officer. [7]Mr. Yaney was appointed Executive Vice President of Credit Risk Management for the Bank in March 2022. Prior to serving in that role, he was Senior Vice President and Corporate Credit Risk Officer for the Bank. 21 EXECUTIVE COMPENSATION COMPENSATION DISCUSSION AND ANALYSIS Introduction This section is a discussion of certain aspects of the Company’s compensation program as it pertains to the principal executive officer, the principal financial officer, and the three other most highly -compensatedexecutive officers during 2024. These five persons are referred to throughout this discussion as the “named executive officers” or “NEOs.” This discussion focuses on compensation and practices relating to the Company’s most recently completed fiscal year and certain changes to such compensation and practices going forward. Effective as of the end of the day December 31, 2024, Mr. Fehlman resigned from his position as Chief Executive Officer of the Company. From January 1, 2025, Mr. Fehlman served in an advisory role for the Company through March 31, 2025, at which time he retired from the Company. The Board appointed Mr. Makris, Jr. as Chairman of the Board and Chief Executive Officer of the Company, effective January 1, 2025. The Company believes that the performance of each of the executive officers has the potential to impact the profitability of the Company, in both the short term and the long term. Therefore, the Company places significant emphasis on the design and administration of its executive compensation program. Committee The compensation program for the Company is designed and administered by the Compensation Committee (also referred to as “Committee” for purposes of this discussion). For 2024, the members of this Committee were Jay Burchfield (Chair) (through April 22, 2024), Steven Cossé, Jerry Hunter, Susan Lanigan (Chair, beginning April 23, 2024), Robert L. Shoptaw, and Mindy West. Executive Compensation Philosophy The Company seeks to provide executive compensation packages that are significantly connected to the Company’s overall financial and operational performance, the increase in shareholder value, the