TRUSTMARK CORPORATION (NASDAQ:TRMK) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07(d) of Form 8-K, Trustmark Corporation (Trustmark) is filing this Amendment to its Form 8-K originally filed on April 27, 2017, solely for the purpose of disclosing Trustmark’s decision on the frequency of future advisory votes on executive compensation.
Item 5.07.Submission of Matters to a Vote of Security Holders.
In the proxy statement that Trustmark provided to its shareholders in connection with Trustmark’s 2017 Annual Meeting of Shareholders (the Annual Meeting), the Board of Directors of Trustmark recommended that the shareholders vote, on an advisory basis, in favor of conducting future advisory votes on executive compensation every year.These advisory votes on executive compensation are periodic, non-binding shareholder votes to approve the compensation paid to Trustmark’s named executive officers as disclosed in Trustmark’s proxy statements and are required under Section 14A of the Securities Exchange Act of 1934, as amended (the Exchange Act) and Rule 14A-21(b) thereunder.
At its Annual Meeting on April 25, 2017, approximately 69.8% of the shares voting on Proposal #3 (Advisory vote on the frequency of future advisory votes on executive compensation) voted in favor of an annual frequency for future advisory votes on executive compensation.Consistent with the shareholders’ vote on Proposal #3, the Board of Directors of Trustmark has approved an annual frequency for future advisory votes on executive compensation.As a result, Trustmark expects that an advisory vote on executive compensation will be held every year through 2023, when the next shareholder vote on the frequency of future advisory votes on executive compensation is required under the Exchange Act.
About TRUSTMARK CORPORATION (NASDAQ:TRMK)
Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas. The Company operates through three segments: General Banking, Insurance and Wealth Management. TNB provides a range of commercial banking services to corporations and other business customers. TNB also provides deposit services, including checking, savings and money market accounts and certificates of deposit, as well as treasury management services. In addition, TNB provides customers with installment and real estate loans and lines of credit. TNB provides mortgage-banking services, including construction financing, production of conventional and government insured mortgages, secondary marketing and mortgage servicing.