Trustmark (TRMK) Proxy Filing summary

Executive summary

• The 2025 annual meeting will be held virtually on April 22, 2025, with shareholders voting on director elections, executive compensation, and auditor ratification.

• 2024 was a transformational year, highlighted by the sale of the insurance agency, balance sheet restructuring, and expanded sales and service initiatives, resulting in improved capital levels and increased dividends and share repurchases.

• Adjusted net income from continuing operations in 2024 was $186.3 million, up 17% from 2023, with diluted EPS rising to $3.04.

Voting matters and shareholder proposals

• Shareholders will vote on electing 11 directors, an advisory say-on-pay for executive compensation, and ratification of Crowe LLP as independent auditor.

• Shareholder proposals and director nominations for the 2026 meeting must follow specific bylaw procedures and deadlines.

Board of directors and corporate governance

• Nine of eleven board members are independent; directors must meet stock ownership and retirement requirements.

• The board has formal charters, codes of conduct, and a CEO succession plan; independent directors meet without management.

• Board committees include Audit, Enterprise Risk, Executive, Finance, Human Resources, and Nominating & Governance, all with defined responsibilities.

• Board diversity is tracked, with a mix of gender and ethnic backgrounds.