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| SNV > SEC Filings for SNV > Form 8-K on 3-Jun-2009 | All Recent SEC Filings |
3-Jun-2009
Change in Directors or Principal Officers, Financial Statements and Exhibi
On May 28, 2009, Synovus Financial Corp. ("Synovus") issued a press release announcing that Frederick L. Green, III has resigned as President and Chief Operating Officer of Synovus. Mr. Green also resigned from his positions as a member of the Boards of Directors of Synovus and the National Bank of South Carolina, a wholly owned banking subsidiary of Synovus. The resignations are effective as of May 28, 2009. In addition, Synovus announced that Richard E. Anthony, currently Synovus' Chairman and Chief Executive Officer, will assume the title of President of Synovus until a successor is named. A copy of the press release is attached to this Current Report as Exhibit 99.1 and is incorporated herein by this reference.
Following Mr. Green's resignation, Synovus and Mr. Green entered into a Consulting Agreement dated May 29, 2009 (the "Agreement"), for a term commencing on June 1, 2009 and ending on November 30, 2010. Pursuant to the Agreement, based upon his background and knowledge of matters in which he was involved as President and Chief Operating Officer of Synovus and his particular expertise in connection with the financial services businesses in which Synovus and its affiliates are engaged, Mr. Green will perform on a transitional basis such consulting and advisory services as may be requested from time to time by Synovus' Chief Executive Officer or Board of Directors. The Agreement also provides that during the term of the Agreement, Mr. Green shall not compete with Synovus or its affiliates and shall not, directly or indirectly, solicit Synovus' deposit customers or employees. In consideration of the services to be rendered by Mr. Green and in consideration of the covenants and agreements of Mr. Green contained in the Agreement, Synovus has agreed to pay Mr. Green a consulting fee of $31,288.00 per month for the term of the Agreement. The Agreement is attached to this Current Report as Exhibit 99.2 and is incorporated herein by this reference.
(d) Exhibits
Exhibit No. Description
99.1 Synovus press release dated May 28, 2009
99.2 Consulting Agreement dated May 29, 2009 by and among Synovus Financial Corp.
and Frederick L. Green, III.
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Dated: June 2, 2009 By: /s/ Samuel F. Hatcher Executive Vice President, General Counsel and Secretary
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