Regions Financial Corp 8-K, filed Mar 17, 2020
Regions Financial Corp (RF)
8-K
2020-03-17
For: 2020-03-17
View Original
Added on
April 11, 2026
About this 8-K
Regions Financial Corp filed this 8-K on March 17, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 17, 2020
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
(Address, including zip code, of principal executive office)
Registrant’s telephone number, including area code: (800 ) 734-4667
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Depositary Shares, each representing a 1/40th Interest in a Share of | ||
Depositary Shares, each representing a 1/40th Interest in a Share of | ||
Depositary Shares, each representing a 1/40th Interest in a Share of | ||
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 17, 2020, Regions Financial Corporation (the “Company”) announced that, effective March 31, 2020, Fournier J. “Boots” Gale, III will step down as Senior Executive Vice President, General Counsel and Corporate Secretary of the Company. Mr. Gale will continue with the Company in a senior advisory role until December 1, 2020. In connection with the transition, he will receive a salary of $120,000 and will continue to be eligible for long term incentive awards. On December 1, 2020, Mr. Gale will retire from the Company, and in connection with his retirement, will not be eligible for any special financial entitlements.
The Company also announced that it has hired Tara Plimpton as Senior Executive Vice President and General Counsel of the Company, effective as of the commencement of her employment with the Company, which is expected to be April 13, 2020, and appointed Executive Vice President and Chief Governance Officer, Hope D. Mehlman, as Corporate Secretary of the Company, effective March 31, 2020.
A copy of the press release issued by the Company on March 17, 2020, is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 |
104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
REGIONS FINANCIAL CORPORATION | ||
By: | /s/ Hope D. Mehlman | |
Name: | Hope D. Mehlman | |
Title: | Executive Vice President, | |
Chief Governance Officer, | ||
Assistant General Counsel, and | ||
Assistant Corporate Secretary | ||
Date: March 17, 2020
EXHIBIT 99.1
Media Contact:
Evelyn Mitchell Regions News Online: regions.doingmoretoday.com
205-264-4551 Regions News on Twitter: @RegionsNews
Regions Announces Fournier J. “Boots” Gale, III, will Move to Senior Advisory Role;
Tara A. Plimpton named General Counsel
BIRMINGHAM, Ala. - March 17, 2020 - Regions Financial Corporation (NYSE:RF) announced today that Boots Gale will move to a senior advisory role until his retirement later this year and that Tara Ann Plimpton has been named to succeed Gale as senior executive vice president and general counsel.
“Boots joined Regions in 2011 during a challenging time for the financial industry, and his wise counsel played a critical role in how we navigated the organization through an evolving regulatory environment,” said President and CEO John Turner. “I deeply appreciate Boots’ leadership and many contributions to Regions as well as the important role he will play while Tara transitions to her new responsibilities as general counsel.”
Plimpton joins Regions following a 17-year career with General Electric, where she served as general counsel for a number of the company’s divisions. Plimpton most recently served as the Vice President, General Counsel for GE Global Operations and managed a team of over 450 global professionals running critical compliance, trade, IP labor, and transactional support for GE globally. Prior to joining GE, Plimpton was the managing partner of a law firm and provided legal counsel to a variety of corporate clients in the manufacturing, agricultural, and tourism industries.
Plimpton will report directly to John Turner and serve on the company’s Executive Leadership Team. Her responsibilities will include overseeing Regions’ Legal, Government Affairs, and Corporate Governance departments.
“Tara brings extensive legal and operational experience in highly complex and regulated industries to Regions,” said Turner. “Throughout her career, she has developed expertise in law department operations, including litigation and compliance, as well as government and community affairs. Tara is a strong leader and will be a tremendous addition to our team at Regions, and we look forward to working with her.”
Plimpton received a bachelor’s degree in International Relations from the University of Nevada and a law degree from Georgetown University. She was a Board member of United Way (Atlanta) from 2012-2018, and is a member of Georgetown’s Corporate Counsel Advisory Board. She also sits on the Advisory Committee for CARE Women’s Network.
Other changes taking place in connection with the move include the expansion of Hope Mehlman’s role in the company. Mehlman, who currently serves as Chief Governance Officer, will also serve as Corporate Secretary. In this expanded role, she will report directly to Plimpton and work with the Board of Directors to continue strengthening Regions’ governance principles and practices.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $126 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,400 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
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