FirstSun Capital Bancorp filed SEC Form 8-K: Termination of a Material Definitive Agreement, Entry into a Material Definitive Agreement, Leadership Update
$FSUN
Major Banks
Finance
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): June 9, 2025
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Item 1.02 Termination of a Material Definitive Agreement
Reference is made to Item 1.01 to the Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on February 25, 2025, by FirstSun Capital Bancorp (the “Company”), in which the Company described Board Representative Letter Agreements entered into with four stockholders, including Aquiline SGB Holdings LLC (“Aquiline”, that agreement referred to hereinafter as the “Aquiline Board Representative Agreement”). That description set forth under the heading “—Entry into Board Representative Letter Agreements” is incorporated herein by reference.
On June 9, 2025, the Company and Aquiline agreed to terminate the Aquiline Board Representative Agreement. As a result of the termination of the Aquiline Board Representative Agreement, Aquiline caused its board representative, Mr. Paul A. Larkins (“Mr. Larkins”), to resign from the Company’s board of directors. Aquiline originally invested in a company acquired by the Company in 2017. Neal Arnold, the Company’s Chief Executive Officer and President, stated “We greatly appreciate Aquiline’s long history of support for the Company and its growth over the many years of its investment. We wish Aquiline success in its future endeavors.”
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As disclosed in connection with the termination of the Aquiline Board Representative Agreement, Mr. Larkins resigned as a director of the Company effective June 9, 2025.
Mr. Larkins has served as a board member of the Company since 2019 as the director representative for Aquiline. In his letter of resignation, Mr. Larkins expressed his pleasure in serving on the Board of the Company and wished continued success to the Company. Mr. Larkins has been a valuable board member since 2019, and the Company similarly appreciates his contributions during his tenure. The Company thanks Mr. Larkins for his service to the Company and wishes him the best in his future endeavors.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FIRSTSUN CAPITAL BANCORP | ||||||||
Date: June 10, 2025 | By: | /s/ Neal E. Arnold | ||||||
Name: | Neal E. Arnold | |||||||
Title: | Chief Executive Officer and President | |||||||