SIMMONS FIRST NATIONAL CORPORATION (NASDAQ:SFNC) Files An 8-K Amendment to Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics
Item 5.05 Amendments to the Registrants Code of Ethics, or Waiver
of a Provision of the Code of Ethics.
On March 22, 2017, the Board of Directors (Board) of Simmons
First National Corporation (Corporation) approved amendments to
the Corporations Code of Ethics (Code) to (1) change the body
responsible for administering the Code as it applies to members
of the Board from the Ethics Committee to the Corporations
Nominating and Corporate Governance Committee and (2) clarify
that representatives of the Corporation should be careful not to
create perceived or real conflicts of interest by making or
holding a significant investment in a competing, non-public
financial institution.
The amendments to the Code are effective March 22, 2017. The text
of the Code, as amended, is attached hereto as Exhibit 14.1 and
incorporated herein by reference. This description of the
amendments is qualified in its entirety by reference to the text
thereof.
Item 8.01 Other Events.
On March 22, 2017, the Board approved an Anti-Hedging Policy
(Policy) that generally prohibits directors and certain officers
from engaging in transactions that hedge or offset a decrease in
the market value of Corporation securities. The text of the
Policy is attached hereto as Exhibit 99.1 and incorporated herein
by reference. This description of the Policy is qualified in its
entirety by reference to the text thereof.
Item 9.01Financial Statements and Exhibits.
| Exhibit 14.1 |
Amended and Restated Simmons First National Corporation Code of Ethics (March 22, 2017). |
| Exhibit 99.1 |
Simmons First National Corporation Anti-Hedging Policy (March 22, 2017). |
About SIMMONS FIRST NATIONAL CORPORATION (NASDAQ:SFNC)
Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits. It also offers a range of products and services, including credit cards, trust services, investments, agricultural finance lending, equipment lending, insurance, consumer finance and small business administration (SBA) lending. The Company conducts its banking operations through approximately 150 branches or financial centers, located in communities throughout Arkansas, Missouri, and Kansas. Its loan portfolios were loans to businesses (commercial loans, commercial real estate loans and agricultural loans) and individuals (consumer loans, credit card loans and single-family residential real estate loans). SIMMONS FIRST NATIONAL CORPORATION (NASDAQ:SFNC) Recent Trading Information
SIMMONS FIRST NATIONAL CORPORATION (NASDAQ:SFNC) closed its last trading session down -0.60 at 53.90 with 176,461 shares trading hands.