Cadence Bancorporation Announces Changes to Employee Benefits and Compensation
Cadence Bank (CADE)
Last cadence bank earnings: 4/29 06:31 am
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US:NASDAQ Investor Relations:
cadencebank.com/about/investor-relations-overview
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Cadence Bancorporation (NYSE: CADE) today announced changes to its employee benefits and compensation as a result of federal tax reform legislation. In an announcement to its employees, the company shared it will introduce the following changes effective April 1, 2018: An increase in the company’s matching 401k contribution An increase in the company’s contribution to employee healthcare costs A pay increase for non-exempt, non-commissioned associates to a base wage of no less than $15 an hour A merit pool increase for eligible associates In addition, Cadence executives announced an employee stock purchase plan with a 15% discount, pending approval by Cadence Bancorporation shareholders. “Our employees deliver exceptional service and value to our clients every day, and we want to reward them
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