FIRST FINANCIAL BANK

FFIN
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FIRST FINANCIAL BANKSHARES INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

07/29/2022 | 05:21pm

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS



On July 26, 2022, the Board of Directors (the "Board") of First Financial
Bankshares, Inc.
, a Texas corporation (the "Company"), approved an amendment and
restatement of the Company's Supplemental Executive Retirement Plan (the
"SERP"). The amendment and restatement amends the SERP to increase the maximum
amount of base compensation (i.e., base salary and commissions) an eligible
participant may elect to defer in any calendar year that begins on or after
January 1, 2023. Specifically, for any calendar year that begins on after
January 1, 2023, the amended SERP provides that an eligible participant may
elect to defer, from his or her base compensation for such calendar year, the
maximum amount of (a) 25% of the eligible participant's base compensation for
such calendar year, plus (b) the amount of the excess contribution (if any)
returned to such eligible participant during the calendar year under the
Company's 401(k) Profit Sharing and Employee Stock Ownership Plan and Trust as a
result of the application of the limits of Section 415 of the Internal Revenue
Code.



The foregoing description of the SERP is qualified in its entirety by reference
to the complete text of the SERP. A copy of the SERP is attached as Exhibit 10.1
and is incorporated herein by reference.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS



(d) Exhibits. The following are exhibits to this Current Report on Form 8-K:




Exhibit
Number Description of Exhibit

10.1 First Financial Bankshares, Inc. Supplemental Executive Retirement
Plan, as amended and restated effective July 26, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)





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