Pinnacle Financial Partners Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$PNFP
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): April 23, 2024
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Item 5.02 Departure of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As described below under Item 5.07, at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”) of Pinnacle Financial Partners, Inc., a Tennessee corporation (the “Company”), held on April 23, 2024, the Company's common shareholders approved the Pinnacle Financial Partners, Inc. Second Amended and Restated 2018 Omnibus Equity Incentive Plan (the “Second Amended and Restated 2018 Equity Incentive Plan”), that (i) increased the maximum number of shares of the Company's common stock that may be issued under the Second Amended and Restated 2018 Equity Incentive Plan by 1,000,000 shares, (ii) extended the term of the Second Amended and Restated 2018 Equity Incentive Plan to April 23, 2034 and (iii) made certain immaterial changes. A summary of the material terms of the Second Amended and Restated 2018 Equity Incentive Plan is set forth on pages 41 to 48 of the Company's Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on March 11, 2024 (the “Proxy Statement”), and is incorporated herein by reference. That summary and the foregoing description are qualified in their entirety by reference to the text of the Second Amended and Restated 2018 Equity Incentive Plan, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders
At the Company’s Annual Meeting, Abney S. Boxley, III, Charles E. Brock, Renda J. Burkhart, Gregory L. Burns, Richard D. Callicutt, II, Thomas C. Farnsworth, III, Joseph C. Galante, Glenda Baskin Glover, David B. Ingram, Decosta E. Jenkins, Robert A. McCabe, Jr., G. Kennedy Thompson and M. Terry Turner were elected as directors of the Company to hold office for a term of one year and until their successors are duly elected and qualified. In addition, at the Annual Meeting, the shareholders (i) ratified the appointment of Crowe LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, (ii) approved, on a non-binding, advisory basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement, and (iii) approved the Second Amended and Restated 2018 Equity Incentive Plan.
The final voting results of the director elections, ratification of the appointment of Crowe LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, the non-binding, advisory approval of compensation for the Company's named executive officers and the amendment and restatement of the Second Amended and Restated 2018 Equity Incentive Plan, which were described in more detail in the Proxy Statement, are set forth below.
(1) Each director nominee was elected by the following tabulation:
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| Abney S. Boxley, III | 55,601,955 | 5,459,985 | 831,840 | 7,072,010 | ||||||||||
| Charles E. Brock | 58,960,599 | 2,100,309 | 832,872 | 7,072,010 | ||||||||||
| Renda J. Burkhart | 60,330,718 | 729,868 | 833,194 | 7,072,010 | ||||||||||
| Gregory L. Burns | 58,899,956 | 2,166,532 | 827,292 | 7,072,010 | ||||||||||
| Richard D. Callicutt, II | 59,932,504 | 1,091,833 | 869,443 | 7,072,010 | ||||||||||
| Thomas C. Farnsworth, III | 59,692,173 | 1,375,898 | 825,709 | 7,072,010 | ||||||||||
| Joseph C. Galante | 60,261,766 | 800,122 | 831,892 | 7,072,010 | ||||||||||
| Glenda Baskin Glover | 59,208,611 | 1,805,591 | 879,578 | 7,072,010 | ||||||||||
| David B. Ingram | 58,970,690 | 2,090,694 | 832,396 | 7,072,010 | ||||||||||
| Decosta E. Jenkins | 60,182,112 | 876,185 | 835,483 | 7,072,010 | ||||||||||
| Robert A. McCabe, Jr. | 59,551,494 | 1,518,205 | 824,081 | 7,072,010 | ||||||||||
| G. Kennedy Thompson | 58,912,410 | 2,145,110 | 836,260 | 7,072,010 | ||||||||||
| M. Terry Turner | 60,659,921 | 410,500 | 823,359 | 7,072,010 | ||||||||||
(2) The ratification of the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was approved by the following tabulation:
| For | Against | Abstain | ||||||
| 67,430,896 | 704,816 | 830,078 | ||||||
(3) The non-binding, advisory vote on the compensation of the Company’s named executive officers was approved by the following tabulation:
| For | Against | Abstain | Broker Non-Votes | ||||||||
| 57,510,944 | 3,520,988 | 861,848 | 7,072,010 | ||||||||
(4) The Second Amended and Restated 2018 Equity Incentive Plan was approved by the following tabulation:
| For | Against | Abstain | Broker Non-Votes | ||||||||
| 59,530,442 | 1,503,659 | 859,679 | 7,072,010 | ||||||||
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
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.
PINNACLE FINANCIAL PARTNERS, INC.
By: /s/ Harold R. Carpenter
Name: Harold R. Carpenter
Title: Executive Vice President and
Chief Financial Officer
Date: April 26, 2024