CAPITAL BANK FINANCIAL CORP. (NASDAQ:CBF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 31, 2017, Richard M. DeMartini resigned from the Board. Mr. DeMartini's resignation was not the result of any disagreement with the Capital Bank Financial Corp. ("Capital Bank") on any matter relating to the Company's operations, policies or practices.
Item 8.01.Other Events.
On October 30, 2017, First Horizon National Corporation ("First Horizon") received the approval from the Board of Governors of the Federal Reserve System to consummate the transactions contemplated by the Agreement and Plan of Merger, dated May 3, 2017, between First Horizon, Capital Bank and Firestone Sub, Inc., a Delaware corporation and direct wholly-owned subsidiary of First Horizon, to which and on the terms and subject to the conditions set forth in the merger agreement and the approval order, Capital Bank will, through a series of mergers, merge with and into First Horizon, with First Horizon as the surviving corporation.