<SEC-DOCUMENT>0000930413-22-000472.txt : 20220311
<SEC-HEADER>0000930413-22-000472.hdr.sgml : 20220311
<ACCEPTANCE-DATETIME>20220311162802
ACCESSION NUMBER:		0000930413-22-000472
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220311
DATE AS OF CHANGE:		20220311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST HORIZON CORP
		CENTRAL INDEX KEY:			0000036966
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				620803242
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15185
		FILM NUMBER:		22733492

	BUSINESS ADDRESS:	
		STREET 1:		165 MADISON AVENUE
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38103
		BUSINESS PHONE:		9018186232

	MAIL ADDRESS:	
		STREET 1:		165 MADISON AVENUE
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST HORIZON NATIONAL CORP
		DATE OF NAME CHANGE:	20040422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST TENNESSEE NATIONAL CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST TENNESSEE BANKS INC
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>c103227_defa41a.htm
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 4pt 0 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Form 8-K </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Current Report </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 or 15(d) </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of the Securities Exchange Act of 1934 </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>March 11, 2022 (March 11, 2022)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Date of Report (Date of earliest event reported)
</B></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>First Horizon Corporation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact name of registrant as specified in its charter)
</B></P>

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    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TN</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>001-15185</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>62-0803242</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(State or other jurisdiction</B></P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><B>of incorporation)</B></P></TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Commission</B></P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><B>File Number)</B></P></TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(I.R.S. Employer</B></P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><B>Identification No.)</B></P></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>165 Madison Avenue</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><B>Memphis, Tennessee</B></P></TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>38103</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>(Address of principal executive offices)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>(Zip Code)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 37%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
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    <TD STYLE="width: 31%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(901) 523-4444</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Registrant&rsquo;s telephone number, including area
code) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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    <TD COLSPAN="2" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR>
  <TR>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 61%; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Title of each
    class</B></P></TD>
    <TD STYLE="width: 12%; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Trading Symbol(s)</B></P></TD>
    <TD STYLE="width: 27%; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Name of each exchange
    on which registered</B></P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 9pt; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$0.625 Par Value Common Capital Stock&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FHN</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New York Stock Exchange LLC</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 9pt; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depositary Shares, each representing a 1/400th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series B&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FHN PR B</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New York Stock Exchange LLC</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 9pt; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depositary Shares, each representing a 1/400th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series C&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FHN PR C</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New York Stock Exchange LLC</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 9pt; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depositary Shares, each representing a 1/400th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series D&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FHN PR D</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New York Stock Exchange LLC</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 9pt; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depositary Shares, each representing a 1/4,000th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series E&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FHN PR E</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New York Stock Exchange LLC</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 9pt; padding-left: 9pt; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depositary Shares, each representing a 1/4,000th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series F&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FHN PR F</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.75pt; padding-bottom: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New York Stock Exchange LLC</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter). Emerging growth company </FONT><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </FONT><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>ITEM 8.01. Other Events. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">On March 11, 2022, EQ Shareowner Services, the administrator (the
&ldquo;<U>Plan Administrator</U>&rdquo;) of the Dividend Reinvestment Plan (the &ldquo;<U>Plan</U>&rdquo;) of First Horizon Corporation
(&ldquo;<U>First Horizon</U>&rdquo;), and First Horizon agreed to suspend the Plan in connection with the previously announced proposed
acquisition of First Horizon by The Toronto-Dominion Bank (&ldquo;<U>TD</U>&rdquo;) pursuant to and in accordance with the Agreement and
Plan of Merger, dated as of February 27, 2022 (the &ldquo;<U>Merger Agreement</U>&rdquo;), by and among First Horizon, TD, TD Bank US
Holding Company and Falcon Holdings Acquisition Co. The proposed transaction is described in more detail in First Horizon&rsquo;s Current
Report on Form 8-K filed with the Securities and Exchange Commission on March 3, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">As a result of the suspension of the Plan, participants in the Plan
will receive their first quarter 2022 First Horizon dividend, payable on April 1, 2022, in cash. During the suspension period, dividend payments of First Horizon will not be automatically reinvested in additional shares of First
Horizon common stock and participants in the Plan will be unable to purchase shares of First Horizon common stock through optional cash
investments under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The Plan will remain suspended until (1) the closing of the proposed
acquisition of First Horizon by TD, at which time the Plan will be terminated, or (2) the reinstatement of the Plan by First Horizon and
the Plan Administrator if the proposed acquisition is terminated in accordance with the Merger Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">This communication contains certain &ldquo;forward-looking
statements&rdquo; within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933,
as amended (the &ldquo;<U>Securities Act</U>&rdquo;), and Section 21E of the Securities Exchange Act of 1934, as amended (the &ldquo;<U>Exchange
Act</U>&rdquo;), with respect to First Horizon&rsquo;s beliefs, plans, goals, expectations, and estimates. Forward-looking statements
are not a representation of historical information, but instead pertain to future operations, strategies, financial results or other developments.
The words &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;intend,&rdquo; &ldquo;target,&rdquo; &ldquo;plan,&rdquo;
&ldquo;estimate,&rdquo; &ldquo;should,&rdquo; &ldquo;likely,&rdquo; &ldquo;will,&rdquo; &ldquo;going forward&rdquo; and other expressions
that indicate future events and trends identify forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Forward-looking statements are necessarily
based upon estimates and assumptions that are inherently subject to significant business, operational, economic and competitive uncertainties
and contingencies, many of which are beyond the control of First Horizon, and many of which, with respect to future business decisions
and actions, are subject to change and which could cause actual results to differ materially from those contemplated or implied by forward-looking
statements or historical performance. Examples of uncertainties and contingencies include factors previously disclosed in First Horizon&rsquo;s
reports filed with the Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;) as well as the following factors, among others:
the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate
the definitive merger agreement between First Horizon and TD; the outcome of any legal proceedings that may be instituted against First
Horizon or TD, including potential litigation that may be instituted against First Horizon or its directors or officers related to the
proposed transaction or the definitive merger agreement between First Horizon and TD related to the proposed transaction; the timing and
completion of the transaction, including the possibility that the proposed transaction will not close when expected or at all because
required regulatory, shareholder or other approvals are not received or other conditions to the closing are not satisfied on a timely
basis or at all, or are obtained subject to conditions that are not anticipated; interloper risk&#894; the risk that any announcements
relating to the proposed combination could have adverse effects on the market price of the common stock of First Horizon&#894; certain
restrictions during the pendency of the merger that may impact First Horizon&rsquo;s ability to pursue certain business opportunities
or strategic transactions; the possibility that the transaction may be more expensive to complete than anticipated, including as a result
of unexpected factors or events&#894; diversion of management&rsquo;s attention from ongoing business operations and opportunities&#894;
reputational risk and potential adverse reactions or changes to business or employee relationships, including those resulting from the
announcement or completion of the transaction&#894; First Horizon&rsquo;s success in executing its business plans and strategies and managing
the risks involved in the foregoing; currency and interest rate fluctuations; exchange rates; success of hedging activities&#894; material
adverse changes in economic and industry conditions, including the availability of short and long-term financing; general competitive,
economic, political and market conditions; changes in asset quality and credit risk&#894; the inability to sustain revenue and earnings
growth&#894; inflation&#894; customer borrowing, repayment, investment and deposit practices&#894; the impact, extent and timing of technological
changes&#894; capital management activities&#894; other actions of the Board of Governors of the Federal Reserve System, the Office of
the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Tennessee Department of Financial Institutions (if required)
and other regulators, legislative and regulatory actions and reforms; the pandemic created by the outbreak of COVID-19 and its variants,
and resulting effects on economic conditions, restrictions imposed by public health authorities or governments, fiscal and monetary policy
responses by governments and financial institutions, and disruptions to global supply chains; and other factors that may affect future
results of First Horizon.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">We caution that the foregoing list of important factors that may
affect future results is not exhaustive. Additional factors that could cause results to differ materially from those contemplated by forward-looking
statements can be found in First Horizon&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2021, and in its subsequent
Quarterly Reports on Form 10-Q filed with the SEC and available in the &ldquo;Investor Relations&rdquo; section of First Horizon&rsquo;s
website, http://www.firsthorizon.com, under the heading &ldquo;SEC Filings&rdquo; and in other documents First Horizon files with the
SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Important Other Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">In connection with the proposed transaction, First Horizon intends
to file relevant materials with the SEC, including a proxy statement on Schedule 14A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">This communication does not constitute an offer to sell or a solicitation
of an offer to buy any securities or a solicitation of any vote or approval. SHAREHOLDERS OF FIRST HORIZON ARE URGED TO READ, WHEN AVAILABLE,
ALL RELEVANT DOCUMENTS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED WITH THE SEC, INCLUDING FIRST HORIZON&rsquo;S PROXY STATEMENT,
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FIRST HORIZON AND THE PROPOSED TRANSACTION.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Investors and shareholders of First Horizon will be able to obtain
a free copy of the proxy statement as well as other relevant documents filed with the SEC without charge at the SEC&rsquo;s website (http://www.sec.gov).
Copies of the proxy statement and the filings with the SEC that will be incorporated by reference in the proxy statement can also be obtained,
without charge, by directing a request to Clyde A. Billings Jr., First Horizon Corporation, 165 Madison, Memphis, TN 38103, telephone
(901) 523-4444.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Participants in the Solicitation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">First Horizon and certain of its directors, executive officers and employees
may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction under the rules of the SEC. Information
regarding First Horizon&rsquo;s directors and executive officers is available in the proxy statement for its 2021 annual meeting of shareholders,
which was filed with the SEC on March 15, 2021, and certain of its Current Reports on Form 8-K. Other information regarding the participants
in the solicitation of proxies in respect of the proposed transaction and a description of their direct and indirect interests, by security
holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC. Free copies of
these documents, when available, may be obtained as described in the preceding paragraph.</P>


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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SIGNATURE </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">FIRST HORIZON CORPORATION</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: -5.4pt; padding-left: 5.4pt; text-align: justify">By</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">/s/ Hope Dmuchowski</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 10%; padding-right: -5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: justify">Name:</TD>
    <TD STYLE="width: 35%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: justify">Hope Dmuchowski</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: -5.4pt; padding-left: 5.4pt; text-align: justify">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><I>Senior Executive Vice President, <br>Chief Financial Officer</I></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Date: March 11, 2022</P>
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