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AI brief of an SEC Form 8-K · Renasant (RNST)

Renasant CEO Waycaster to step down May 1, 2025, stay as executive vice chairman

Neutral Impact 4 of 5 leadership Written later

Renasant amended the employment agreements of CEO C. Mitchell Waycaster and President and COO Kevin D. Chapman on December 17, 2024. Under the amendment, consistent with a previously announced succession plan, Waycaster will step down as CEO on May 1, 2025 while remaining Executive Vice Chairman, and his agreement now runs to April 30, 2027. Shareholders are affected by a leadership transition and by changes to executive pay and change-in-control terms.

Key points

  • Waycaster steps down as CEO on the May 1, 2025 Transition Date and remains Executive Vice Chairman; his time commitment is capped at 60% of his prior time.
  • On the Transition Date, Waycaster's base salary drops to 60% of its prior level, and his 2026 PBRP participation ends.
  • Waycaster received a $100,000 retention bonus, plus equity awards of $700,000 for 2025 and $170,000 for 2026.
  • Chapman's change-in-control severance multiple rises from 2.5 to 2.99 if he is terminated within two years after a change in control.

The filing

CompanyRenasant (RNST)
Form8-K, current report
Filed with the SECDec 20, 2024, 3:20 PM ET
Accession number0000715072-24-000197

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 20, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.