Management Change/Compensation - Form 8-K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

BancFirst Corporation Announces New Chief Financial Officer and Departure of the Company's current Chief Financial Officer

On March 28, 2024, the Board of Directors of the Company appointed Ms. Hannah Andrus Executive Vice President, Chief Financial Officer and Treasurer, to be effective May 8, 2024. She is 38 years old. Before joining BancFirst Corporation, Ms. Andrus was employed by Ernst & Young LLP where she was an Assurance Senior Manager. Ms. Andrus holds a Master of Science in Accounting and a Bachelor of Business Administration from Southern Methodist University and is a Certified Public Accountant.

In connection with Ms. Andrus's appointment, the Compensation Committee of the Board approved the following compensation for her: (a) annual base salary of $275,000; and (b) target annual incentive award of 25%.

Ms. Andrus was also granted 4,000 restricted stock units on March 29, 2024, under the BancFirst Corporation 2023 Restricted Stock Unit Plan.

Kevin Lawrence, who has served as the Company's Chief Financial Officer since April 1, 2015, resigned from his position with the Company effective May 7, 2024, to pursue other career interests.