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- Related Party (new) — The company is repurchasing 300,000 shares from its retiring CEO in a private transaction, a related party deal requiring board approval with the CEO recused.
South Plains Financial CEO Curtis Griffith to retire Dec 31; President Cory Newsom named successor
Filed June 17, 2026 · Period ending June 17, 2026 · ~1 min read
Key Changes
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Curtis Griffith retiring as CEO effective December 31, 2026, after four decades with the company; will remain Chairman of the Board and transition to advisory role with monthly consulting fee of $11,458.34
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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President Cory Newsom appointed to succeed Griffith as CEO effective December 31, 2026; Newsom has been leading day-to-day operations and was designated principal executive officer in November 2024
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Company to repurchase 300,000 shares from Griffith by June 30, 2026, at closing market price on day before repurchase; transaction separate from existing buyback program and approved by board with Griffith recused
Item 8.01 — Other Events verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 13, 2026 · How we verify