UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
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Item 7.01 | Regulation FD Disclosure |
On February 16, 2023, Truist Financial Corporation (“Truist”) announced that it had reached a definitive agreement to sell a 20% minority stake in its insurance brokerage subsidiary, Truist Insurance Holdings, LLC (formerly known as Truist Insurance Holdings, Inc.), to an investor group led by Stone Point Capital LLC (the “Transaction”).
Truist today announced that the Transaction has closed. A copy of the news release issued by Truist announcing the closing of the transaction is furnished as Exhibit 99.1.
The news release at Exhibit 99.1 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing. All information in this Current Report on Form 8-K and in the exhibits hereto speaks as of the date hereof and thereof, respectively, and Truist does not assume any obligation to update such information in the future. In addition, Truist disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 7.01 of this Current Report on Form 8-K.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
Description of Exhibit | |
99.1 | News release dated April 3, 2023 | |
104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
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 hereunto duly authorized.
TRUIST FINANCIAL CORPORATION | ||
(Registrant) | ||
By: | /s/ Cynthia B. Powell | |
Name: | Cynthia B. Powell | |
Title: | Executive Vice President and Corporate Controller (Principal Accounting Officer) |
Date: April 3, 2023