Item 8.01 Other Events.
Merger Agreements
On June 4, 2021, the Company entered into an Agreement and Plan
of Merger (the “Triumph Agreement”) with Triumph Bancshares, Inc. (“Triumph”), a Tennessee corporation
and the parent company of Triumph Bank, pursuant to which, upon the terms and subject to the conditions of the Triumph Agreement,
Triumph will merge with and into the Company, with the Company continuing as the surviving corporation (the “Triumph Transaction”).
Upon the consummation of the Triumph Transaction, holders of Triumph’s common stock and common stock equivalents will receive,
in the aggregate, (i) 4,164,839 shares of the Company’s common stock and (ii) $2,645,937.83, all subject to certain conditions
and potential adjustments under the Triumph Agreement. Immediately following the Triumph Transaction, Triumph Bank is expected
to merge with and into Simmons Bank, with Simmons Bank continuing as the surviving bank.
Also on June 4, 2021, the Company and Simmons Bank entered into
an Agreement and Plan of Merger (the “Landmark Agreement” and, together with the Triumph Agreement, the “Merger
Agreements”) with Landmark Community Bank (“Landmark”), a Tennessee-chartered state bank, pursuant to which,
upon the terms and subject to the conditions of the Landmark Agreement, Landmark will merge with and into Simmons Bank, with Simmons
Bank continuing as the surviving bank (the “Landmark Transaction” and, together with the Triumph Transaction, the “Transactions”).
Upon the consummation of the Landmark Transaction, holders of Landmark’s common stock and common stock equivalents will receive,
in the aggregate, (i) 4,500,000 shares of the Company’s common stock and (ii) $7,000,000, all subject to certain conditions
and potential adjustments under the Landmark Agreement.
Each Transaction is subject to customary representations and
warranties, covenants, closing conditions and termination rights. The completion of each Transaction is not conditioned on the
completion of the other Transaction.
Forward-Looking Statements
Certain statements contained in this Current Report on Form
8-K may not be based on historical facts and should be considered “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by reference to a future
period(s) or by the use of forward-looking terminology, such as “anticipate,” “believe,” “budget,”
“contemplate,” “continue,” “estimate,” “expect,” “foresee,” “intend,”
“indicate,” “target,” “plan,” positions,” “prospects,” “project,”
“predict,” or “potential,” by future conditional verbs such as “could,” “may,”
“might,” “should,” “will,” or “would,” or by variations of such words or by similar
expressions. These forward-looking statements include, without limitation, statements relating to the impact the Company expects
the Transactions to have on the combined entities’ operations, financial condition and financial results, and the Company’s
expectations about its ability to successfully integrate the combined businesses and the amount of cost savings and other benefits
the Company expects to realize as a result of the Transactions. The forward-looking statements may also include, without limitation,
those relating to the Company’s future growth, revenue, expenses, assets, asset quality, profitability, earnings, accretion,
customer service, investment in digital channels, critical accounting policies, net interest margin, non-interest revenue, market
conditions related to and the impact of the Company’s stock repurchase program, consumer behavior and liquidity, the adequacy
of the allowance for credit losses, the impacts of the COVID-19 pandemic and the ability of the Company to manage the impacts of
the COVID-19 pandemic, the impacts of the Company’s and its customers’ participation in the Paycheck Protection Program
(the “PPP”), the expected performance of COVID-19 loan modifications, income tax deductions, credit quality, the level
of credit losses from lending commitments, net interest revenue, interest rate sensitivity, loan loss experience, liquidity, the
Company’s expectations regarding actions by the Federal Home Loan Bank (“FHLB”) including with respect to the
FHLB’s option to terminate FHLB Owns the Option advances, capital resources, market risk, plans for investments in securities,
effect of future litigation, including the results of the overdraft fee litigation against the Company, acquisition strategy, legal
and regulatory limitations and compliance and competition.
These forward-looking statements involve risks and uncertainties,
and may not be realized due to a variety of factors, including, without limitation: changes in the Company’s operating, acquisition,
or expansion strategy; the effects of future economic conditions (including unemployment levels and slowdowns in economic growth),
governmental monetary and fiscal policies, as well as legislative and regulatory changes, including in response to the COVID-19
pandemic; changes in interest rates; possible adverse rulings, judgements, settlements, and other outcomes of pending or future
litigation, including litigation or actions arising from the Company’s participation in and administration of programs related
to the COVID-19 pandemic (including, among others, the PPP); the ability to obtain regulatory approvals and meet other closing
conditions to the Transactions; delay in closing the Transactions; difficulties and delays in integrating the Triumph and Landmark
businesses or fully realizing cost savings and other benefits of the Transactions; business disruption following the Transactions;
and other relevant risk factors, which may be detailed from time to time in the Company’s press releases and filings with
the U.S. Securities and Exchange Commission (the “SEC”). Many of these factors are beyond the Company’s ability
to predict or control, and actual results could differ materially from those in the forward-looking statements due to these factors
and others. In addition, as a result of these and other factors, the Company’s past financial performance should not be relied
upon as an indication of future performance.
The Company believes the assumptions and expectations that underlie
or are reflected in any forward-looking statements, expressed or implied, in this Current Report on Form 8-K are reasonable, based
on information available to the Company on the date of this Current Report on Form 8-K. However, given the described uncertainties
and risks, the Company cannot guarantee its future performance or results of operations or whether the Company’s future performance
will differ materially from the performance reflected in or implied by its forward-looking statements, and you should not place
undue reliance on these forward-looking statements. All forward-looking statements, expressed or implied, included in this Current
Report on Form 8-K are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Any
forward-looking statement speaks only as of the date of this Current Report on Form 8-K, and none of the Company, Triumph or Landmark
undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise.
Important Additional Information and Where to Find It
This Current Report on Form 8-K does not constitute an offer
to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to either
of the proposed Transactions. No offer of securities shall be made except by means of a prospectus meeting the requirements of
the Securities Act, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
In connection with the Transactions, the Company will file with
the SEC a Registration Statement on Form S-4 (the “Registration Statement”) that will include proxy statements of each
of Triumph and Landmark and a prospectus of the Company (the “Joint Proxy Statement/Prospectus”), and the Company may
file with the SEC other relevant documents concerning the Transactions. The definitive Joint Proxy Statement/Prospectus will be
mailed to shareholders of Triumph and Landmark. SHAREHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS
REGARDING THE TRANSACTIONS CAREFULLY AND IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH
THE SEC BY THE COMPANY, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE TRANSACTIONS.
Free copies of the Joint Proxy Statement/Prospectus, as well
as other filings containing information about the Company, may be obtained at the SEC’s Internet site (http://www.sec.gov),
when they are filed by the Company. You will also be able to obtain these documents, when they are filed, free of charge, from
the Company at www.simmonsbank.com under the heading “Investor Relations.” Copies of the Joint Proxy Statement/Prospectus
can also be obtained, when it becomes available, free of charge, by directing a request to Simmons First National Corporation,
501 Main Street, Pine Bluff, Arkansas 71601, Attention: Ed Bilek, Director of Investor Relations, Email: ed.bilek@simmonsbank.com
or ir@simmonsbank.com, Telephone: (870) 541-1000, to Triumph at Triumph Bancshares, Inc., 5699 Poplar Avenue, Memphis, TN
38119, Attention: Will Chase, President, Telephone: (901) 333-8800, or to Landmark at Landmark Community Bank, 1015 West Poplar
Avenue, Collierville, TN 38017, Attention: Jake Farrell, Chairman, Telephone: (901) 850-0555.
Participants in the Solicitation
The Company, Triumph, Landmark and certain of their directors,
executive officers and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Triumph
and Landmark in connection with the proposed Transactions. Information about the Company’s directors and executive officers
is available in its proxy statement for its 2021 annual meeting of shareholders, which was filed with the SEC on April 15, 2021.
Information regarding all of the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation
and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Joint Proxy
Statement/Prospectus regarding the proposed Transactions and other relevant materials to be filed with the SEC when they become
available. Free copies of these documents may be obtained as described in the preceding paragraph.