# EDGAR Filing Document

**Accession Number:** 0000109380
**File Stem:** 0000109380-25-000137
**Filing Date:** 2025-12
**Character Count:** 10895
**Document Hash:** ff87040e436c645551f274659a65ed6e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000109380-25-000137.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0000109380-25-000137

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20251222

**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**: 20251222

**DATE AS OF CHANGE**: 20251222

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
- **CENTRAL INDEX KEY:** 0000109380
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 870227400
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12307
- **FILM NUMBER:** 251592558

**BUSINESS ADDRESS:**
- **STREET 1:** ONE SOUTH MAIN STREET
- **STREET 2:** 11TH FLOOR
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84133
- **BUSINESS PHONE:** 8018447637

**MAIL ADDRESS:**
- **STREET 1:** ONE SOUTH MAIN STREET
- **STREET 2:** 11TH FLOOR
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84133

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZIONS BANCORPORATION /UT/
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZIONS UTAH BANCORPORATION
- **DATE OF NAME CHANGE:** 19870615

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZIONS FIRST NATIONAL INVESTMENT CO
- **DATE OF NAME CHANGE:** 19660921

?xml version='1.0' encoding='ASCII'? zion-20251222

**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 22, 2025** 

**ZIONS BANCORPORATION, NATIONAL ASSOCIATION** 

(Exact name of registrant as specified in its charter)

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| | | | |
|:---|:---|:---|:---|
| **United States of America** | **001-12307** | **001-12307** | **87-0189025** |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (Commission File Number) | (IRS Employer Identification No.) |
| **One South Main,** | **Salt Lake City,** | **Utah** | **84133-1109** |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Zip Code) |

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**Registrant's telephone number, including area code (801) 844-8208**

**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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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

☐ 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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| | | |
|:---|:---|:---|
| **<u>Title of Each Class</u>** | **<u>Trading Symbols</u>** | **<u>Name of Each Exchange on Which Registered</u>** |
| Common Stock, par value $0.001 | ZION | The NASDAQ Stock Market, LLC |
| Depositary Shares each representing a 1/40th ownership interest in a share of: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock | ZIONP | The NASDAQ Stock Market, LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On December 22, 2025 Zions Bancorporation, N.A. (the "Company") announced that Paul E. Burdiss will retire as Executive Vice President of Zions Bancorporation and President and Chief Executive Officer of its Zions Bank division effective as of December 31, 2025.

A copy of the Company's press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

*Mr. Burdiss's Retirement and Consulting Agreement*

In connection with Mr. Burdiss's retirement, the Company and Mr. Burdiss entered into a Retirement and Consulting Agreement (the "Agreement"), effective December 20, 2025, pursuant to which Mr. Burdiss has agreed to provide such transition and advisory services as may be reasonably requested by the Board or the Company's Chief Executive Officer during the 12-month period beginning January 1, 2026 and ending December 31, 2026, unless terminated earlier by the Company or Mr. Burdiss (the "Consulting Period"). The Agreement also contains non-compete and non-solicit provisions that apply during the Consulting Period and requires Mr. Burdiss to abide by confidentiality and other covenants contained in the Agreement. The parties also agreed to a customary mutual release of claims arising from Mr. Burdiss's employment and association with the Company or the termination of that employment and association. As consideration for these services and restrictions, Mr. Burdiss will receive four quarterly payments of $337,582.50 each during the Consulting Period. Mr. Burdiss will also receive up to 12 months of medical benefits continuation with Company-paid COBRA premiums provided he remains eligible for COBRA coverage during that period. His outstanding equity and cash incentive plan-based awards will continue to distribute and be governed in accordance with their terms and conditions, and consistent with the Agreement.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ending December 31, 2025.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits**.

**(d) Exhibits**

The following exhibits are furnished as part of this Current Report on Form 8-K:

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| | |
|:---|:---|
| Exhibit Number | Description |
| <u>[99.1](exhibit991pressrelease1222.htm)</u> | Press Release dated December 22, 2025 (furnished herewith). |
| 101 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
| 104 | The cover page from this Current Report on form 8-K, formatted as Inline XBRL. |

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**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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| | | |
|:---|:---|:---|
| | ZIONS BANCORPORATION, NATIONAL ASSOCIATION | ZIONS BANCORPORATION, NATIONAL ASSOCIATION |
| | By: | /s/ Rena Miller |
| | | Name: Rena Miller |
| | | Title:&nbsp;&nbsp;&nbsp;&nbsp; Executive Vice President and Corporate General Counsel |
| Date: December 22, 2025 |  |  |

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## Exhibit 99.1

**Exhibit 99.1**

![image.jpg](image.jpg)

**\*\*\*FOR IMMEDIATE RELEASE\*\*\***

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| | |
|:---|:---|
| FOR: ZIONS BANCORPORATION | Contact: Shannon Drage |
| One South Main Street | Sr. Director of Investor Relations |
| Salt Lake City, UTAH | Tel: (801) 844-8208 |
| Harris H. Simmons |  |
| Chairman/Chief Executive Officer |  |

---

**Zions Bancorporation Announces Leadership Changes at Zions Bank**

**Nate Callister to Succeed Paul Burdiss as Zions Bank's CEO**

December 22, 2025 – Zions Bancorporation, N.A. today announced the upcoming retirement of Paul Burdiss, President and Chief Executive Officer of the Company's Zions Bank division, operating in Utah, Idaho and Wyoming, on December 31, 2025. Mr. Burdiss joined Zions Bancorporation in 2015 as its Executive Vice President and Chief Financial Officer, serving in that role until he assumed his current position with Zions Bank. During his more than 35-year career in the financial services industry, he also held positions at SunTrust Bank and Comerica.

Harris H. Simmons, Zions Bancorporation's Chairman and CEO, stated "We extend our most sincere thanks to Paul Burdiss for his years of service to the Company and Zions Bank. Paul has been instrumental in building a very strong finance team for the Company, and more recently in continuing to strengthen Zions Bank's position as the Intermountain West's premier banking organization. I'm pleased that he has agreed to consult with the Company in coming months to promote a smooth transition in leadership."

Mr. Simmons concurrently announced that Mr. Burdiss will be succeeded by Nathan Callister, who currently serves as Executive Vice President and Executive Director of Commercial Banking at Zions Bank. Prior to joining Zions Bank, Mr. Callister was at Wells Fargo Bank, where he was

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Executive Vice President/Market Executive for Commercial Banking in Utah and Idaho. He is a graduate of BYU and the University of Southern California and has been deeply involved in community affairs and organizations in Salt Lake City, including as board chair for the Salt Lake Chamber. Mr. Simmons stated, "We're very pleased to have Nate Callister assuming this new position. He brings a wealth of banking expertise and strong relationships in the community, and I wish him great success in his new role."

Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2024, and annual net revenue of $3.1 billion in 2024. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at www.zionsbancorporation.com.

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