trending Market Intelligence /marketintelligence/en/news-insights/trending/_VnU6YdwNYY11GUR5BZBJg2 content esgSubNav
In This List

Simmons First National board adopts majority voting standard for uncontested director elections

Blog

Insight Weekly: Private equity slows; SPAC underwriters retreat; carbon capture boost

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines


Simmons First National board adopts majority voting standard for uncontested director elections

An incumbent SimmonsFirst National Corp. director who is not reelected in an uncontestedelection shall immediately tender his or her resignation to the board pursuant tothe Pine Bluff, Ark.-based company's amended bylaws that took effect Sept. 22, accordingto a Form 8-K.

The board shall then decide whether to accept the tendered resignation,and accept it absent a compelling reason to do otherwise.

Amendments to the company's bylaws to change the voting standardfor uncontested director elections from a plurality to a majority vote standardwere approved by the board Sept. 22. Contested director elections will remain subjectto a plurality vote standard.