RENASANT CORPORATION (NASDAQ:RNST) 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 May 16, 2018, the Board of Directors of Renasant Corporation (“Renasant”) expanded its size by one to 14 members and elected Sean M. Suggs to the Board, effective immediately. Mr. Suggs has also been elected to the Board of Directors of Renasant Bank, Renasant’s wholly-owned subsidiary.
Sean M. Suggs, 53, has served as the president of Toyota Mississippi since January 2018. In this role, he is responsible for all manufacturing and administration functions of Toyota’s Blue Springs, Mississippi, plant that produces the Toyota Corolla. Prior to his promotion to president, Mr. Suggs served as vice president of manufacturing and vice president of administration at the Mississippi vehicle assembly plant. He joined Toyota in 1998 as team leader at Toyota’s assembly plant in Princeton, Indiana. During his 10-year tenure, he served several roles and was named general manager of quality planning in 2008. In this leadership role, Mr. Suggs oversaw professional development, vehicle quality and manufacturing quality for current and new model production. Prior to rejoining Toyota in 2014, Mr. Suggs served as director of strategy, administration and human resources from 2011 to 2013 at Nissan’s North American headquarters in Franklin, Tennessee. During his five years with Nissan, he also directed production quality at the company’s manufacturing and assembly plant in Canton, Mississippi. Prior to his professional automotive manufacturing career, Mr. Suggs served eight years in the United States Army. He holds a Masters of Business Administration degree from Auburn University and a Bachelor of Science from Oakland City College in Oakland City, Indiana.
The Board has not yet appointed Mr. Suggs to any Board committees. Compensatory arrangements for Mr. Suggs will be consistent with Renasant’s standard arrangements for non-employee directors. These arrangements are described in Renasant’s proxy statement for its 2018 annual meeting of shareholders filed with the Securities and Exchange Commission on March 15, 2018 under the heading “Board Members and Compensation—Director Compensation.” Mr. Suggs and members of his immediate family are customers of Renasant Bank and have deposit relationships with Renasant Bank. These transactions were made in the ordinary course of Renasant Bank’s business, were made on substantially the same terms, including interest rates, as those prevailing at the time for comparable relationships with persons not related to Renasant or Renasant Bank, and did not present other unfavorable features. There are no family relationships between Mr. Suggs and any director or executive officer of Renasant.
On May 21, 2018, Renasant issued a press release announcing the appointment of Sean M. Suggs to its Board of Directors, a copy of which is attached hereto as Exhibit 99.1.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits.
RENASANT CORP ExhibitEX-99.1 2 pressreleaseresuggsjoining.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Contact: For Media: For Financials:John Oxford Kevin ChapmanSenior Vice President Executive Vice President Director of Marketing COO & CFO(662) 680-1219 (662) [email protected] [email protected] Joins Renasant BoardsTUPELO,…To view the full exhibit click here
About RENASANT CORPORATION (NASDAQ:RNST)
Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc. (Renasant Insurance), a subsidiary of the Bank with operations in Mississippi. The Company operates through three segments: Community Banks segment, Insurance segment and Wealth Management segment. The Community Banks segment offers a range of banking and financial services to individuals and small to medium-sized businesses. The Insurance segment includes an insurance agency offering all lines of commercial and personal insurance through major carriers. The Wealth Management segment offers a range of fiduciary services, which includes the administration and management of trust accounts, including personal and corporate benefit accounts, self-directed individual retirement accounts (IRAs), and custodial accounts. In addition, the Wealth Management segment offers annuities, mutual funds and other investment services through a third-party broker-dealer.
