RENASANT CORP 8-K

What Happened Renasant Corporation filed an 8-K (effective March 11, 2026) reporting an amendment to M. Ray (Hoppy) Cole Jr.’s employment agreement (originally dated April 1, 2025). The amendment changes his participation in the bank’s annual cash bonus plan, the Performance Based Rewards Plan (PBRP), to a calendar-year basis to align with other senior executives and sets specific prorations for 2025 and 2027.

Key Details

• Amendment effective March 11, 2026; original employment agreement dated April 1, 2025 remains otherwise unchanged.
• PBRP payments moved from April–March performance periods to calendar-year awards for 2025 and thereafter.
• 2025 bonus will be prorated to 75% of the full target award, reflecting Mr. Cole’s nine months of service in 2025.
• If Mr. Cole remains employed through the agreement’s expiration (April 1, 2027) but separates that date, he would receive 25% of his target PBRP award for 2027 (three months’ service); if he continues past April 1, 2027, 2027 awards follow the same calendar-year terms as other senior executives.

Why It Matters This amendment aligns Mr. Cole’s bonus timing and payout mechanics with Renasant’s other senior executives, clarifying the timing and pro rata amounts for near-term cash bonuses. For investors, the change affects how and when his incentive compensation will be recognized (calendar-year basis vs. prior April–March periods) and sets clear prorations tied to his actual service periods; no other material employment terms were changed.