This filing is a routine administrative update regarding a former executive's non-compete and cooperation agreement. No material impact on Pinnacle Financial's operations, earnings, or stock is expected. Monitor for any future 8-K filings related to the conversion-related duties mentioned, but no immediate trading action is warranted.
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Executive Summary
Pinnacle Financial Partners entered into an amended restrictive covenant agreement with Harold R. Carpenter, extending his non-compete and cooperation period through March 31, 2027. The company will accelerate a $1,000,000 payment to October 1, 2026, and pay an additional $500,000 in March 2027, totaling $2.5 million in consideration. This is a routine administrative matter involving a non-executive officer's post-employment covenants and has no material financial impact on the company's operations or fundamentals.
Key Facts
- Harold R. Carpenter extended his non-compete and non-solicitation agreement through March 31, 2027.
- Total consideration of $2,500,000 for the restrictive covenants, paid in three installments.
- Second installment of $1,000,000 accelerated from January 1, 2027 to October 1, 2026.
- An additional $500,000 payment is due on or after March 31, 2027.
- Carpenter will also provide as-needed conversion-related support directed by Robert A. McCabe.
- Payments are subject to forfeiture and repayment if Carpenter breaches the non-compete covenant.
Financial Impact
Total cash consideration of $2,500,000 for restrictive covenants, with $1,000,000 accelerated to October 2026 and $500,000 paid in March 2027.
Risk Factors
- Risk of Mr. Carpenter breaching the non-compete, triggering repayment of the $2,500,000.
- No other material risks identified from this filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0002082866-26-000085 |
| Exhibit: exhibit101.htm | 0002082866-26-000085 |
| Document: 0002082866-26-000085-index-headers.html | 0002082866-26-000085 |
| Document: 0002082866-26-000085-index.html | 0002082866-26-000085 |
| Document: 0002082866-26-000085.txt | 0002082866-26-000085 |
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Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | 8-K | $99.14 $96.77 | ▼ −2.39% | ▼ −1.89% | $95.53 (−3.64%) |
Aug 18, 2026 6w ago | 144 | $104.53 $100.77 | ▲ +3.60% | ▲ +3.40% | $95.53 (+8.61%) |
Aug 14, 2026 6w ago | 144 | $107.35 $101.34 | ▼ −5.60% | ▼ −4.41% | $95.53 (−11.01%) |
Aug 14, 2026 7w ago | 144 | $108.01 $102.26 | ▼ −5.32% | ▼ −3.96% | $95.53 (−11.55%) |
Aug 6, 2026 8w ago | 144 | $104.68 $108.01 | ▲ +3.18% | ▲ +2.78% | $95.53 (−8.74%) |
Jun 8, 2026 16w ago | 8-K | $25.02 $25.15 | ▲ +0.53% | ▼ −1.27% | $95.53 (+281.85%) |
May 19, 2026 19w ago | 8-K | $25.64 $25.69 | ▲ +0.20% | ▼ −1.61% | $95.53 (+272.58%) |
May 14, 2026 20w ago | 8-K | $25.61 $25.66 | ▲ +0.21% | ▼ −0.75% | $95.53 (+273.09%) |
May 12, 2026 20w ago | 8-K | $25.73 $25.68 | ▼ −0.19% | ▼ −0.27% | $95.53 (+271.28%) |
Apr 22, 2026 23w ago | 8-K | $25.76 $25.64 | ▼ −0.47% | ▼ −1.94% | $95.53 (+270.85%) |
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