The company said its Board of Directors on February 14, 2024 appointed William C. Rhodes, III as a director, effective March 1, 2024, and that he will also join the board of its subsidiary, Regions Bank, on the same date.

1. 01

   The company said its Board of Directors on February 14, 2024 appointed William C. Rhodes, III as a director, effective March 1, 2024, and that he will also join the board of its subsidiary, Regions Bank, on the same date.

2. 02

   The company said the appointment brings the size of the Boards to 15 (fifteen) members and that Rhodes will serve on the Audit Committee and the Compensation and Human Resources Committee.

3. 03

   The company said the board determined Rhodes is independent under New York Stock Exchange listing standards. On March 1, 2024, he will receive restricted stock units worth $21,667, which is the prorated annual equity retainer paid to all non-employee directors, vesting on the date of the 2024 Annual Meeting of Shareholders.

4. 04

   The company said Rhodes, 58, is currently Executive Chairman of AutoZone, Inc. The press release said he concluded a 18-year tenure as President and CEO of AutoZone in January and spent 29 years with the company overall.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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