HBT Financial, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>HBT Financial, Inc. invites stockholders to its virtual Annual Meeting on May 28, 2024, to elect directors and ratify auditors.</b>

AI Summary

HBT Financial, Inc. (HBT) filed a Proxy Statement (DEF 14A) with the SEC on April 17, 2024. HBT Financial, Inc. will hold its Annual Meeting of Stockholders on May 28, 2024, at 10:00 a.m. Central time. The meeting will be conducted exclusively in a virtual format. Stockholders can attend, vote, and submit questions before and during the virtual meeting. The agenda includes the election of nine directors and the ratification of RSM US LLP as the independent registered public accounting firm. The proxy statement provides details on proposals and voting instructions.

Why It Matters

For investors and stakeholders tracking HBT Financial, Inc., this filing contains several important signals. The virtual format allows for broader participation from stockholders regardless of location. The ratification of the independent auditor ensures continued oversight and financial transparency.

Risk Assessment

Risk Level: low — HBT Financial, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational changes indicated.

Analyst Insight

Stockholders should review the proxy materials carefully to understand the proposals and cast their votes.

Key Numbers

• 9 — Directors (Number of directors to be elected at the Annual Meeting.)
• May 28, 2024 — Meeting Date (Date of the Annual Meeting of Stockholders.)
• 10:00 a.m. — Meeting Time (Time of the Annual Meeting of Stockholders.)

Key Players & Entities

• HBT Financial, Inc. (company) — Registrant and filer of the proxy statement.
• May 28, 2024 (date) — Date of the Annual Meeting of Stockholders.
• Fred L. Drake (person) — Executive Chairman of HBT Financial, Inc.
• RSM US LLP (company) — Proposed independent registered public accounting firm.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
• Virtual Meeting Format [low — operational]: Ensuring a smooth and accessible virtual meeting experience for all stockholders is crucial.
• Auditor Ratification [low — financial]: The ratification of the independent auditor is a standard procedure to ensure financial integrity.

Industry Context

HBT Financial, Inc. operates within the commercial banking sector, subject to regulations governing financial institutions.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement for details on director nominees and auditor.
2. Vote on the proposed items, including director elections and auditor ratification.
3. Attend the virtual annual meeting on May 28, 2024, to participate and ask questions.

Key Dates

• 2024-05-28: Annual Meeting of Stockholders — Election of directors and ratification of auditor.
• 2024-04-17: Filing Date — Definitive Proxy Statement filed with the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, indicating it is the definitive proxy statement for the annual meeting, following any preliminary filings.

Filing Documents

• hbt_2024xdef14a.htm (DEF 14A) — 396KB
• common001.jpg (GRAPHIC) — 175KB
• common002.jpg (GRAPHIC) — 136KB
• image.jpg (GRAPHIC) — 4KB
• image1.jpg (GRAPHIC) — 9KB
• logo.jpg (GRAPHIC) — 18KB
• 0001628280-24-016493.txt (&nbsp;) — 869KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 22 DIRECTOR COMPENSATION 27 INFORMATION REGARDING THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 28 PROPOSAL 2—RATIFICATION OF THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 29 AUDIT COMMITTEE REPORT 30 SUBMISSION OF STOCKHOLDER PROPOSALS AND ADVANCE NOTICE PROCEDURES 31 WHERE YOU CAN FIND ADDITIONAL INFORMATION 31 OTHER MATTERS 32 i Table of Contents IMPORTANT MEETING AND VOTING INFORMATION The information provided in this proxy statement relates to HBT Financial, Inc. ("HBT Financial" or the "Company") and its wholly-owned subsidiary, Heartland Bank and Trust Company ("Heartland Bank" or the "Bank"). Unless the context indicates otherwise, all references in this proxy statement to "we," "us," "our," the "Company" and "HBT Financial" refer collectively to HBT Financial, Inc. and Heartland Bank. On or about April 17, 2024, we began to mail to our stockholders either a notice containing instructions on how to access this proxy statement and our annual report online, or a printed copy of these proxy materials. This Proxy Statement is furnished in connection with the Annual Meeting of Stockholders of HBT Financial to be held on May 28, 2024, at 1000 a.m., Central time. The Annual Meeting will be held in a virtual meeting format only, with no physical in-person meeting. The Notice of Annual Meeting of Stockholders, 2024 Proxy Statement and 2023 Annual Report on Form 10-K are available at www.envisionreports.comHBT. Who is soliciting my proxy Our board of directors (the "Board") is soliciting proxies for use at the 2024 annual meeting of stockholders of HBT Financial (the "Annual Meeting"). If the meeting is adjourned, we may also use the proxies at any later meetings for the purposes stated in the notice of annual meeting. What if I received a Notice of Internet Availability of Proxy Materials We are providing access to our proxy materials over the Internet. Accordingly, on or ab

View Full Filing

View this DEF 14A filing on SEC EDGAR