Pinnacle Financial Partners Extends CBO Robert McCabe's Term; $1.15M Fee

What Happened

• Pinnacle Financial Partners, Inc. reported on July 30, 2026 (8‑K) that on July 29, 2026 it entered into a Second Amendment with Pinnacle Bank and Robert A. McCabe, Jr. The amendment extends Mr. McCabe’s service as Chief Banking Officer and Vice Chair of the Board from December 31, 2026 to December 31, 2027.
• The Second Amendment also provides that following his service in those roles, Mr. McCabe will serve as a consultant for two years and receive an annual consulting fee of $1,150,000. The company’s bylaws were amended effective July 29, 2026 to reflect the extension.

Key Details

• Role: Robert A. McCabe, Jr. — Chief Banking Officer and Vice Chair of the Board.
• Term extended from December 31, 2026 to December 31, 2027 (Second Amendment dated July 29, 2026).
• Consulting arrangement: two‑year consulting period after his service, with an annual fee of $1,150,000.
• Related documents: Second Amendment (Exhibit 10.1) and Bylaw Amendment (Exhibit 3.1) are attached to the 8‑K.

Why It Matters

• The company secured continued executive leadership through the end of 2027 and a defined post‑service consulting arrangement, which supports leadership continuity and transition planning.
• Investors should note the specified cash commitment (annual $1.15M consulting fee) that may affect future compensation expense and governance disclosures. Full terms are available in the exhibits to the 8‑K.