# EDGAR Filing Document

**Accession Number:** 0001265131
**File Stem:** 0001104659-25-119708
**Filing Date:** 2025-12
**Character Count:** 14565
**Document Hash:** 9c208f115f13e9dd8df09d70ed370270
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-119708.hdr.sgml**: 20251209

**ACCESSION NUMBER**: 0001104659-25-119708

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251208

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251209

**DATE AS OF CHANGE**: 20251209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hilltop Holdings Inc.
- **CENTRAL INDEX KEY:** 0001265131
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 841477939
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31987
- **FILM NUMBER:** 251559830

**BUSINESS ADDRESS:**
- **STREET 1:** 6565 HILLCREST AVE.
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75205
- **BUSINESS PHONE:** 214.855.2177

**MAIL ADDRESS:**
- **STREET 1:** 6565 HILLCREST AVE.
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75205

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AFFORDABLE RESIDENTIAL COMMUNITIES INC
- **DATE OF NAME CHANGE:** 20030929

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **December 8, 2025**

**Hilltop Holdings Inc.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Maryland** | **1-31987** | **84-1477939** |
| (State or other jurisdiction of <br>incorporation) | (Commission<br>File Number) | (IRS Employer Identification<br> No.) |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6565 Hillcrest Avenue** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Dallas, Texas** | **75205** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(214) 855-2177**

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<u>see</u> General Instruction A.2. below):

◻&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol** | **Name of each exchange on which registered** |
| Common Stock, par value $0.01 per share | HTH | New York Stock Exchange<br> NYSE Texas |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

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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.** |

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*Amendment to Furr Employment Agreement*

 

On December 8, 2025, the Company and William B. Furr entered into the Third Amendment to Employment Agreement (the "Third Amendment"), which is effective as of August 30, 2025. The Third Amendment amends the Employment Agreement, dated as of September 1, 2016 (the "Original Employment Agreement"), as amended and supplemented by that certain First Amendment to Employment Agreement, dated as of August 30, 2019 (the "First Amendment") and Second Amendment to Employment Agreement, dated as of August 30, 2022 (the "Second Amendment," and together with the Original Employment Agreement and First Amendment, collectively, the "Employment Agreement"), between the Company and Mr. Furr, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Extends the term of the Employment Agreement until August 31, 2028 (the Employment Agreement previously
expired on August 31, 2025);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Amends the Employment Agreement to provide that upon death or disability, Mr. Furr will receive a pro
rata portion of his target bonus;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Expands the coverage of the non-interference/solicit provisions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· In consideration of the expansion of the non-interference/solicit provisions, the non-competition provision
was removed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Removes provisions that are no longer applicable.

The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Third Amendment, which is attached as Exhibit 10.6.4 to this Current Report on Form 8-K and incorporated by reference herein.

**Section 9 – Financial Statements and Exhibits**

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

(a) Financial statements of businesses acquired. <br> Not applicable.

(b) Pro forma financial information. <br> Not applicable.

(c) Shell company transactions. <br> Not applicable.

(d) Exhibits.

The following exhibits are filed or furnished, depending on the relative item requiring such exhibit, in accordance with the provisions of Item 601 of Regulation S-K and Instruction B.2 to this form.

---

| | |
|:---|:---|
| **Exhibit <br> Number** | **Description of Exhibit** |
| [10.6.4](tm2533095d1_ex10d6-4.htm) | [Third Amendment to Employment Agreement by and between Hilltop Holdings Inc. and William B. Furr, dated December 8, 2025, but effective as of August 30, 2025.](tm2533095d1_ex10d6-4.htm) |
| 104 | Cover Page Interactive File (formatted as Inline XBRL). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| | | **Hilltop Holdings Inc.,** | **Hilltop Holdings Inc.,** |
| | | a Maryland corporation | a Maryland corporation |
| Date: | December 9, 2025 | By: | /s/ COREY PRESTIDGE |
|  |  | Name: | Corey G. Prestidge |
|  |  | Title: | Executive Vice President, |
|  |  |  | General Counsel & Secretary |

---

## Exhibit 10.6

**EXHIBIT 10.6.4**

**THIRD AMENDMENT**

**TO**

**EMPLOYMENT AGREEMENT**

THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (this "<u>Amendment</u>") is made and entered into as of December 8, 2025 (the "<u>Execution Date</u>") but effective as of August 30, 2025, by and between Hilltop Holdings Inc. ("<u>Company</u>"), on behalf of itself and all of its subsidiaries (collectively, "<u>Employer</u>"), and William B. Furr ("<u>Executive</u>"). Each initially capitalized term used, but not otherwise defined herein, shall have the meanings assigned to it in the Employment Agreement (hereinafter defined).

**RECITALS:**

WHEREAS, Company and Executive are parties to that certain Employment Agreement, dated as of September 1, 2016 (the "<u>Original Agreement</u>"), as amended by that certain First Amendment to Employment Agreement, dated as of August 30, 2019 (the "<u>First Amendment</u>") and that certain Second Amendment to Employment Agreement, dated as of August 30, 2022 (the "<u>Second Amendment</u>," and together with the Original Agreement and the First Amendment, collectively, the "<u>Employment Agreement</u>"); and

WHEREAS, Company and Executive desire to amend the Employment Agreement to the extent provided in this Amendment.

**AGREEMENT:**

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained in this Amendment and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Amendments to the Employment Agreement</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 4 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

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| | |
|:---|:---|
| "4. | **<u>Term of Agreement</u>**. This Agreement shall become effective and binding immediately upon its execution and shall remain in effect until August 31, 2028 (the "**Term Date**"). Unless Employer and Executive agree in writing to extend the term of this Agreement at any time on or before the Term Date, this Agreement shall expire on the Term Date." |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 5(a)(ii)(A) of the Employment Agreement is hereby deleted in its entirety and replaced
with the following:

"(A) Intentionally omitted; and"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Section 5(a)(iii) of the Employment Agreement is hereby deleted in its entirety and replaced
with the following:

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| | |
|:---|:---|
| "(iii) | **<u>Termination Because of Death or Disability</u>**. In the event of Executive's death or disability (within the meaning of Employer's disability policy that is in effect at the time of disability), upon such Termination of Employment, this Agreement shall terminate immediately and Executive (or his estate) shall be entitled to receive (Y) the Accrued Amounts and (Z) a pro rata portion of Executive's target Incentive Bonus for such period, *provided, however*, in the case of Executive's disability, vesting of any LTIP Award shall be pursuant the LTIP award agreement and shall be conditioned upon Executive's (or Executive's legal guardian's) execution and delivery to Employer of a release, in a form provided by Employer, within forty-five (45) days following such Termination of Employment." |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Section 6(a)(i) of the Employment Agreement is hereby deleted in its entirety and replaced with
the following:

"(i) Intentionally omitted; and"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Section 14 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

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| | |
|:---|:---|
| "14. | **<u>Non-Interference</u>**. Executive covenants and agrees that that during the term of this Agreement, and for a period of twenty-four (24) months following the earlier of (i) his Termination of Employment or (ii) the termination of this Agreement, Executive shall not, on behalf of Employee or any third party: (A) recruit, hire or attempt to recruit or hire other employees of Employer, directly or by assisting other employees of Employer or others, nor shall Executive contact or communicate with any other employees of Employer for the purpose of inducing other employees of Employer to terminate their employment with Employer and (B) solicit or attempt to solicit business, directly or indirectly, from the Employer's clients, customers, borrowers, accountholders, and policyholders. For purposes of this covenant, "other employees of Employer" shall refer to employees who are still actively employed by or doing business with Employer at the time of the attempted recruiting or hiring |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Section 15 of the Employment Agreement is hereby deleted in its entirety.

&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Effect of Amendment</u>. Each of Company and Executive hereby agree and acknowledge that, except as expressly provided in this Amendment, the Employment Agreement remains in full force and effect and has not been modified or amended in any respect, it being the intention of each of Company and Executive that this Amendment and the Employment Agreement be read, construed and interpreted as one and the same instrument. To the extent that any conflict exists between this Amendment and the Employment Agreement, the terms of this Amendment shall control and govern.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Counterparts</u>. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. For purposes of determining whether a party has signed this Amendment or any document contemplated hereby or any amendment or waiver hereof, only a handwritten original signature on a paper document or a facsimile or portable document format (pdf) copy of such a handwritten original signature shall constitute a signature, notwithstanding any law relating to or enabling the creation, execution or delivery of any contract or signature by electronic means.

IN WITNESS WHEREOF, each of Company and Executive has executed this Amendment as of the day and year first above written.

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| | | |
|:---|:---|:---|
| **COMPANY:** | **COMPANY:** | **EXECUTIVE:** |
| Hilltop Holdings Inc. | Hilltop Holdings Inc. |  |
| By: | /s/ JEREMY B. FORD | /s/ WILLIAM B. FURR |
| Name: Jeremy B. Ford | Name: Jeremy B. Ford | Name: William B. Furr |
| Title: | President & Chief Executive Officer |  |

---