0000750556-17-000178.txt : 20171116 0000750556-17-000178.hdr.sgml : 20171116 20171116070057 ACCESSION NUMBER: 0000750556-17-000178 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20171115 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20171116 DATE AS OF CHANGE: 20171116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUNTRUST BANKS INC CENTRAL INDEX KEY: 0000750556 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 581575035 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08918 FILM NUMBER: 171206632 BUSINESS ADDRESS: STREET 1: 303 PEACHTREE ST NE CITY: ATLANTA STATE: GA ZIP: 30308 BUSINESS PHONE: 4045887711 MAIL ADDRESS: STREET 1: 303 PEACHTREE ST NE CITY: ATLANTA STATE: GA ZIP: 30308 8-K 1 a1116178-kbodydirectorappo.htm 8-K Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
 
 
 
 
 
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)    
 
November 15, 2017
 
SunTrust Banks, Inc.
(Exact name of registrant as specified in its charter)
 
 
Georgia
 
001-08918
 
58-1575035
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
 
303 Peachtree St., N.E., Atlanta, Georgia
 
30308
(Address of principal executive offices)
 
(Zip Code)
 
 
Registrant's telephone number, including area code    
 (800) 786-8787
 
 
Not Applicable
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.         ¨








Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 15, 2017, the Board of Directors of SunTrust Banks, Inc. (the “Company”) appointed Steven C. Voorhees as a director of the Company effective as of January 1, 2018. The Company issued a news release on November 16, 2017 announcing the appointment, which the Company files as Exhibit 99.1 to this Current Report on Form 8-K and which is incorporated herein by reference. The Board has assigned Mr. Voorhees to serve on its Risk Committee and its Governance and Nominating Committee. Mr. Voorhees will receive compensation in accordance with the Company's standard compensation arrangements for non-employee directors, which consist of an annual retainer of $75,000 paid in four installments, a fee of $1,500 for each committee meeting attended and, following the Company's annual meeting of shareholders, a grant of restricted stock or restricted stock units, at the director's election, having a value of $125,000 on the date of grant, which vests upon the earlier of one year from the date of grant or the next annual meeting of shareholders.
Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
 
    


SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
SUNTRUST BANKS, INC.
 
 
            (Registrant)
 
 
 
Date: November 16, 2017
 
By:
 
/s/ Curt Phillips                                   
 
 
 
 
Curt Phillips, Group Vice President,
 
 
 
 
Associate General Counsel and Assistant Corporate Secretary




EX-99.1 2 exhibit991newsrelease.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1


suntrustlogo2q2017a03.jpg         News Release


Contact:     Media            Investors
Mike McCoy        Ankur Vyas
(404) 588-7230    (404) 813-6714

For Immediate Release
November 16, 2017

Steve Voorhees Appointed to SunTrust Board of Directors

ATLANTA - SunTrust Banks, Inc. (NYSE: STI) today announced that Steve Voorhees has been appointed to its board of directors, effective January 1, 2018.
“We welcome Steve to the board,” said William H. Rogers, Jr., SunTrust chairman and chief executive officer. “His experience and track record leading a complex, multinational organization will provide valuable perspectives to our board and benefit our clients, teammates and shareholders.”
Voorhees’ deep and varied business experience, including as a current CEO of a Fortune 500 company and his past experience as a CFO of a large, publicly-traded corporation, will provide significant leadership insight and extensive financial reporting and accounting expertise to the SunTrust board.
Voorhees is chief executive officer of WestRock, a leading provider of differentiated paper and packaging solutions with more than 45,000 employees and more than 300 operating and business locations in North America, South America, Europe and Asia.
Prior to his current role, Voorhees served in various executive leadership roles, including president and chief operating officer; executive vice president and chief financial officer; and chief administrative officer at WestRock and a predecessor, RockTenn. Before joining RockTenn, he was in operations and executive roles at Sonat Inc., a diversified energy company headquartered in Birmingham, Ala.

About SunTrust Banks, Inc.

SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves.  Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale.  Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally.  As of September 30, 2017, SunTrust had total assets of $208 billion and total deposits of $163 billion.  The Company provides deposit, credit, trust,





investment, mortgage, asset management, securities brokerage, and capital market services.  SunTrust leads onUp, a national movement inspiring Americans to build financial confidence.  Join the movement at onUp.com

###



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