Description of Updated 2020 Salary Rates for 2019 Named Executive Officers of First Horizon National Corporation

Contract Categories: Human Resources › Compensation Agreements
Summary

First Horizon National Corporation updated the annual salaries for four executive officers following its merger with IBERIABANK Corporation, effective July 2, 2020. The new salary rates for D. Bryan Jordan, William C. (B.J.) Losch III, David T. Popwell, and Susan L. Springfield are specified, with no set term for these rates. The salaries remain in effect until changed by the company. This update was approved by the Compensation Committee of the Board of Directors.

Read More Arrow
EX-10.1 3 a3q2020ex101neosalarie.htm EX-10.1 Document

Exhibit 10.1

—————————————————————
DESCRIPTION OF UPDATED 2020 SALARY RATES
FOR 2019 NAMED EXECUTIVE OFFICERS
—————————————————————


On July 1, 2020, First Horizon National Corporation (the “Company”) closed its merger-of-equals transaction with IBERIABANK Corporation (“IBKC”). In the third quarter of 2020, effective July 2, 2020, the Compensation Committee of the Company’s Board of Directors modified the salaries of four of the executive officers of the Company who were named in the executive compensation disclosures of the Company’s 2020 proxy statement in relation to fiscal year 2019 (“2019 Named Executive Officers”). The annualized salary rates of those officers currently are:

Officer NameSalary Rate (eff. 7/2/2020)
D. Bryan Jordan$1,030,000
William C. (B.J.) Losch III675,000
David T. Popwell700,000
Susan L. Springfield575,000

Salary rates have no term. Rates generally continue in effect until they are changed.



1