Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.


(b) Retirement of Chief Operating Officer

On June 22, 2020 (the "Retirement Date"), Louis E. Holloway, the Chief Operating Officer of Reliant Bancorp, Inc. (the "Company") and its wholly-owned bank subsidiary, Reliant Bank (the "Bank" and, together with the Company, "Reliant"), notified Reliant of his intention to retire, effectively immediately, from his position as Chief Operating Officer of Reliant.

(e) Material Compensatory Contract

In connection with Mr. Holloway's retirement, Reliant and Mr. Holloway entered into an Executive Separation Agreement and Release, dated June 22, 2020 (the "Retirement Agreement"). The Retirement Agreement will be effective as of June 30, 2020, following the end of the applicable revocation period. The Retirement Agreement provides for Reliant to pay Mr. Holloway a severance benefit equal to one times his annual base salary as of the Retirement Date, payable in 24 equal bi-weekly installments, along with a transition payment equal to one month of Mr. Holloway's current base salary. Additionally, Reliant will pay for health insurance continuation coverage for Mr. Holloway and his dependents for up to 13 months following the Retirement Date. Further, the Company agreed to accelerate the vesting of 3,000 shares of restricted stock and 2,000 restricted stock units previously awarded to Mr. Holloway to the extent the same were not by their terms vested as of the Retirement Date and would otherwise be forfeited upon Mr. Holloway's separation from Reliant. Pursuant to the Retirement Agreement, Mr. Holloway provided a customary general release of claims against Reliant and its subsidiaries and affiliates (and other related parties), including claims arising out of his employment with Reliant or the termination thereof.

The foregoing description of the Retirement Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Retirement Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. Item 9.01 Financial Statements and Exhibits.





(d)      Exhibits.

Exhibit  Description
Number

  10.1   Executive Separation Agreement and Release, dated June 22, 2020, by and
         among Louis E. Holloway, Reliant Bancorp, Inc., and Reliant Bank
104      Cover Page Interactive Data File (embedded within the Inline XBRL
         document).


--------------------------------------------------------------------------------

© Edgar Online, source Glimpses