Management ChangeJul 31, 2026, 06:07 AM
Pinnacle Financial Extends Robert McCabe's Term to Dec 2027
AI Summary
Pinnacle Financial Partners announced an amendment to the letter agreement with Robert A. McCabe, Jr., extending his service as Chief Banking Officer and Vice Chair of the Board from December 31, 2026, to December 31, 2027. Following this, Mr. McCabe will serve as a consultant for two years, receiving an annual fee of $1,150,000. The company's bylaws were also amended to accommodate this extension.
Key Highlights
- Robert A. McCabe, Jr.'s term as Chief Banking Officer and Vice Chair extended to Dec 31, 2027.
- Mr. McCabe will serve as a consultant for two years after his executive role.
- Consulting role includes an annual fee of $1,150,000.
- Amendment to letter agreement dated July 24, 2025, was signed on July 29, 2026.
- Company's bylaws were amended to reflect the extension of Mr. McCabe's term.
Price Impact
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