Simmons First CEO Makris Enters Personal Aircraft Use Agreement, Reimbursing Company Costs
On December 23, 2025, Simmons First and chairman and CEO George Makris, Jr. signed an aircraft time sharing agreement allowing him to lease company aircraft with flight crew for personal travel, subject to reimbursing actual flight expenses. The filing says the company will not provide tax reimbursements for imputed income or federal air transportation excise tax, which limits the company's cost exposure from this arrangement.
Key points
- Agreement signed December 23, 2025 between Simmons First and chairman and CEO George Makris, Jr.
- Makris must reimburse the company for actual expenses of personal flights, including deadhead flights.
- Either party may terminate the agreement with 10 business days' prior written notice.
- The company will not cover taxes on imputed income or federal air transportation excise tax under the agreement.
The filing
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 23, 2025.
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.