AI English summary of an SEC filing — figures as filed
Regions Financial RFRegions Financial said on December December 10, 2024 its board appointed Roger W. Jenkins as a director, effective January 1, 2025. The company said Jenkins was also appointed to the board of its wholly owned subsidiary, Regions Bank, effective on the same date.
Key points
AI summaryRegions Financial said on December December 10, 2024 its board appointed Roger W. Jenkins as a director, effective January 1, 2025. The company said Jenkins was also appointed to the board of its wholly owned subsidiary, Regions Bank, effective on the same date.
The company said the appointment increases the size of the board to fourteen (14) members and that Jenkins will serve on the Risk and Technology Committees. It said Jenkins, 63, is currently chief executive officer of Murphy Oil Corporation.
The company said the board determined Jenkins is independent under New York Stock Exchange listing standards and the company's Corporate Governance Principles. It said it will grant Jenkins restricted stock units as of January 1, 2025 with a grant-date value of $43,333, the prorated amount of the annual equity retainer paid to all non-employee directors, which will vest on the date of the 2025 Annual Meeting of Shareholders.
The company said its press release described Jenkins as having been with Murphy Oil since 2001, rising to director, president and CEO in 2013, and before that having spent 17 years at Texaco. The company said Murphy Oil announced that Jenkins will retire from the board on December 31, 2024 and remain in an advisory role until his full retirement on December 31, 2025.
Summary
AI-writtenAnalysis 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.
Roger W. Jenkins Joins Regions Boards, Effective January 1, 2025
Regions Financial said on December December 10, 2024 its board appointed Roger W. Jenkins as a director, effective January 1, 2025. The company said Jenkins was also appointed to the board of its wholly owned subsidiary, Regions Bank, effective on the same date.
Source · Based on the filing body and exhibits
Board Expands to 14 Members, Adds Risk and Technology Committee Roles
The company said the appointment increases the size of the board to fourteen (14) members and that Jenkins will serve on the Risk and Technology Committees. It said Jenkins, 63, is currently chief executive officer of Murphy Oil Corporation.
Source · Based on the filing body and exhibits
Independence Determination and Director Compensation Terms
The company said the board determined Jenkins is independent under New York Stock Exchange listing standards and the company's Corporate Governance Principles. It said it will grant Jenkins restricted stock units as of January 1, 2025 with a grant-date value of $43,333, the prorated amount of the annual equity retainer paid to all non-employee directors, which will vest on the date of the 2025 Annual Meeting of Shareholders.
Source · Based on the filing body and exhibits
Jenkins' Murphy Oil Career and Retirement Timeline
The company said its press release described Jenkins as having been with Murphy Oil since 2001, rising to director, president and CEO in 2013, and before that having spent 17 years at Texaco. The company said Murphy Oil announced that Jenkins will retire from the board on December 31, 2024 and remain in an advisory role until his full retirement on December 31, 2025.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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