First Horizon National Corporation (NYSE:FHN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02.
(e)Compensatory Arrangements of Certain Officers
Effective October 24, 2017, the Compensation Committee of the Board of Directors of First Horizon National Corporation (“FHN”) approved a special cash bonus for FHN’s Chief Executive Officer, D. Bryan Jordan, of $5.5 million, after discussing the bonus with the entire Board of Directors in executive session. By making this award the Committee, and the entire Board, recognized and rewarded Mr. Jordan for, among other things, his leadership over the past six years and the company’s outstanding performance during that time. This bonus fulfills the Committee’s intention, stated in FHN’s proxy statement for its 2017 annual meeting of shareholders, to deliver value commensurate with FHN’s achievements over the past six years.
About First Horizon National Corporation (NYSE:FHN)
First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company’s regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets. The regional banking segment provides investments and financial planning. The Company’s fixed income segment consists of fixed income securities sales, trading, and strategies for institutional clients in the United States and abroad. The Company’s corporate segment consists of funds management, tax credit investment activities and gains on the extinguishment of debt, among others. The non-strategic segment offers wind-down national consumer lending activities and mortgage banking elements.
