FB Financial Corp 8-K
Research Summary
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FB Financial Corp Announces Chief Accounting Officer Change
What Happened
FB Financial Corporation (FBK) filed an 8‑K reporting that Jonathan Pennington notified the company on January 28, 2026 that he will resign as Chief Accounting Officer of FB Financial and FirstBank effective on or about February 26, 2026 to accept a position elsewhere. The Boards announced on February 2, 2026 that Lynn Joyce (age 62) will replace him as Chief Accounting Officer of both entities, effective on or about March 1, 2026.
Key Details
- Resignation notice: Jonathan Pennington notified the company on January 28, 2026; resignation effective on or about February 26, 2026.
- Successor: Lynn Joyce appointed Chief Accounting Officer effective on or about March 1, 2026.
- Background: Joyce was CFO of Southern States Bancshares, Inc. from 2013 until its acquisition by FB Financial in July 2025, then served in a senior finance role at FirstBank; earlier ~20 years as CFO at First Financial Bank and began her career at Arthur Andersen. She is a member of the Alabama Society of CPAs.
- Compensation: Joyce’s total annual compensation (including short- and long-term bonus opportunities) will increase by approximately 29% upon appointment.
- Other disclosures: Pennington’s resignation was not due to any disagreement with the company on operations, policies, practices, accounting principles, or internal controls. There are no family relationships or related‑party transactions requiring disclosure; no special arrangements or understandings led to her appointment.
Why It Matters
This filing notifies investors of a leadership change in accounting at FB Financial and FirstBank with clear effective dates and succession plans. Lynn Joyce brings prior CFO experience within the combined organizations (post‑merger) and a long finance background, which supports continuity in financial reporting and controls. The 29% increase in her total annual compensation is a notable change to executive pay that investors may watch alongside future disclosures.