Pinnacle Financial Partners, Inc. — Form 8-K
Filed September 10, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
Pinnacle Financial Partners amended Harold R. Carpenter's non-compete agreement dated January 14, 2026, extending the restricted period through March 31, 2027. In exchange, Carpenter receives a $2.5M restrictive covenant payment paid in three installments ($1M on signing, $1M on October 1, 2026, $500K on March 31, 2027). The agreement prohibits Carpenter from competing, soliciting customers or employees, or holding >3% passive equity stakes in competing businesses during the restricted period.
Why this rating
Non-compete extension for single executive. $2.5M payment is 0.03% of $8.4B market cap—immaterial. Routine retention/separation agreement.
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