8-K: First Horizon Director Rosa Sugraes Announces Retirement

Rosa Sugraes, a director of First Horizon, will retire from the Board effective upon the election of directors at the 2025 annual meeting of shareholders.

Summary

• On February 11, 2025, Rosa Sugraes, a 67-year-old director of First Horizon Corporation (FHN), informed the company of her intention to retire from the Board.
• Her retirement will take effect when directors are elected at the 2025 annual meeting of shareholders.
• Ms. Sugraes has served on the Board since FHN's merger of equals with IBERIABANK Corporation (IBKC) in 2020.
• Prior to the merger, she was a director of IBKC from 2018 to 2020 and of Sabadell United Bank in Miami from 2006 until its acquisition by IBKC.
• Ms. Sugraes has not indicated any disagreement with management on any matter.

Sentiment

Score: 7

Explanation: The announcement is neutral in tone and provides factual information about a director's retirement. There are no indications of negative implications for the company.

Positives

• The announcement of Rosa Sugraes' retirement appears amicable, with no reported disagreements with management.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Director retirements are a normal part of corporate governance. The announcement provides transparency to shareholders regarding changes in the composition of the board.

Management Changes

Stakeholder Impact

• Shareholders are informed of a change in the composition of the Board of Directors.
• The company will need to identify and elect a new director to fill the vacancy.

Next Steps

• Election of directors at the 2025 annual meeting of shareholders.

Key Dates

Keywords

retirement, director, First Horizon, FHN, Rosa Sugraes, IBERIABANK Corporation, IBKC, Sabadell United Bank, board of directors, corporate governance