Form 8-K - Current report

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

July 2, 2024

Date of report (Date of earliest event reported)

RENASANT CORPORATION

(Exact name of registrant as specified in its charter)


Mississippi	001-13253	64-0676974
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

209 Troy Street, Tupelo, Mississippi 38804-4827

(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (662) 680-1001

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:


☐			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))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $5.00 par value per share	RNST	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 8.01. Other Events.

On July 2, 2024, Renasant Corporation (“Renasant”) issued a press release announcing that, effective July 1, 2024, it has sold the assets of Renasant Insurance, Inc. to Sunstar Insurance Group, LLC. A copy of Renasant’s press release is attached as Exhibit 10.1 to this Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are being filed herewith and this list shall constitute the exhibit index:


Exhibit No.						Description
10.1						Press release dated July 2, 2024, issued by Re nasant Corporation
104						The cover page of Renasant Corporation’s Form 8-K is formatted in Inline XBRL.

SIGNATURES

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.


	RENASANT CORPORATION
Date: July 2, 2024	By:	/s/ C. Mitchell Waycaster
		C. Mitchell Waycaster
		Chief Executive Officer


Contacts:	For Media:	For Financials:
	John S. Oxford	James C. Mabry IV
	Senior Vice President	Executive Vice President
	Chief Marketing Officer	Chief Financial Officer
	(662) 680-1219	(662) 680-1281
	joxford@renasant.com	jim.mabry@renasant.com

Renasant Announces Sale of
Renasant Insurance
to Sunstar Insurance Group

TUPELO, MISSISSIPPI (July 2, 2024) –Renasant Corporation (NYSE: RNST) announced today that it has sold the assets of Renasant Insurance, Inc. to Sunstar Insurance Group, LLC (“Sunstar”) effective as of July 1, 2024.

Sunstar is a regionally focused, industry leading insurance broker, risk management consultant and provider of employee benefits coverages and other human capital solutions based in Memphis, Tennessee. With more than $1.2 billion in premiums placed, Sunstar is ranked as the 33rd largest independent insurance agency in the country. Sunstar’s 700+ partners and employees operate from more than 50 offices in six states across the Southeast and Lower Midwest. The acquisition of Renasant Insurance, Inc. represents Sunstar’s strategic entry into the State of Mississippi.

Now a part of Sunstar, Renasant Insurance will rebrand itself as “Sunstar Insurance Services.” All current Renasant Insurance leadership and employees have joined Sunstar, and all Renasant Insurance locations will remain open following this transaction.

"This transaction provides a great opportunity for both our customers and employees to continue with Sunstar and build on the legacy of Renasant Insurance,” said Renasant CEO, Mitch Waycaster. “By joining Sunstar, our insurance customers will have access to an enhanced suite of products and services, and our employees will now benefit from Sunstar’s specialized resources and expertise.”

Foundational to Renasant’s mission is to be the financial services provider of choice in the communities we serve. As part of the transaction, Renasant will maintain a strategic relationship with Sunstar, which provides the opportunity for banking customers across Renasant’s geographic footprint to gain access to the value-added insurance and employee benefits products and services offered by Sunstar.

“Even with our new name, you’ll still be served by the same leadership, same people and same regional service,” said Bill Dalton, Sunstar Insurance Services President and former President of Renasant Insurance. “We’ve served this community for more than 25 years, and we are here to help protect what matters most so our customers can prosper in life and business. We believe now, more than ever, we are positioned to help our customers achieve great success.”

“We are excited to welcome former Renasant Insurance customers and employees into the Sunstar family,” commented Sunstar Chairman and CEO David L. Bowlin. “The leadership team of Renasant Insurance has built a premier insurance agency over the years, and under their continued leadership, coupled with additional resources and support from Sunstar, we believe Sunstar Insurance Services can expertly serve its current and future customers.”

Piper Sandler & Co. acted as exclusive financial advisor and Phelps Dunbar LLP served as legal counsel to Renasant Corporation.

For more information, please visit www.renasantbank.com or Renasant’s IR site at www.renasant.com. For more information on Sunstar, please visit https://sunstarinsurancegroup.com/.

ABOUT RENASANT CORPORATION:

Renasant Corporation is the parent of Renasant Bank, a 120-year-old financial services institution. Renasant has assets of approximately $17.3 billion and operates 185 banking,

lending, mortgage and wealth management offices throughout the Southeast as well as offering factoring and asset-based lending on a nationwide basis.

###

Cover	Jul. 02, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jul. 02, 2024
Entity Registrant Name	RENASANT CORP
Entity Incorporation, State or Country Code	MS
Entity File Number	001-13253
Entity Tax Identification Number	64-0676974
Entity Address, Address Line One	209 Troy Street
Entity Address, City or Town	Tupelo
Entity Address, State or Province	MS
Entity Address, Postal Zip Code	38804-4827
City Area Code	662
Local Phone Number	680-1001
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, $5.00 par value per share
Trading Symbol	RNST
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0000715072
Amendment Flag	false