Southside Bancshares Announces Director and Officer Changes
Ticker: SBSI · Form: 8-K · Filed: Oct 16, 2025 · CIK: 705432
| Field | Detail |
|---|---|
| Company | Southside Bancshares Inc (SBSI) |
| Form Type | 8-K |
| Filed Date | Oct 16, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1.25, $28 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation
Related Tickers: SBSI
TL;DR
Southside Bancshares (SBSI) board shakeup and comp changes filed today.
AI Summary
Southside Bancshares, Inc. announced on October 16, 2025, changes related to its board of directors and officer compensation. The filing indicates a departure of directors or certain officers, the election of new directors, and adjustments to the compensatory arrangements for certain officers. Specific details regarding the individuals involved and the financial implications of these changes were not fully elaborated in the provided text.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial performance, impacting investor confidence and future operations.
Risk Assessment
Risk Level: medium — Changes in directorship and officer compensation can indicate internal shifts that may affect company strategy and performance.
Key Numbers
- 20251016 — Report Date (The date the report was filed and the earliest event reported.)
Key Players & Entities
- Southside Bancshares, Inc. (company) — Registrant
- Texas (location) — State of Incorporation
- 75-1848732 (organization_id) — IRS Employer Identification No.
- 1201 S. Beckham Avenue, Tyler, TX 75701 (address) — Principal Executive Offices
- 903-531-7111 (phone_number) — Registrant's telephone number
FAQ
What specific changes were made regarding the departure of directors or officers?
The filing indicates a departure of directors or certain officers, but does not specify names or the exact nature of their departure in the provided text.
Who were the newly elected directors?
The filing states that directors were elected, but does not name the individuals elected in the provided text.
What are the details of the compensatory arrangements for certain officers?
The filing mentions changes to compensatory arrangements for certain officers, but the specific details and financial impact are not provided in the text.
What is the company's principal executive office address?
The principal executive offices are located at 1201 S. Beckham Avenue, Tyler, TX 75701.
What is the IRS Employer Identification Number for Southside Bancshares, Inc.?
The IRS Employer Identification Number is 75-1848732.
Filing Stats: 1,246 words · 5 min read · ~4 pages · Grade level 10.3 · Accepted 2025-10-16 17:09:05
Key Financial Figures
- $1.25 — ange on which registered Common stock, $1.25 par value SBSI New York Stock Exchange
- $28 — shares at an average price per share of $28.43, resulting in approximately 1.1 mill
Filing Documents
- sbsi-20251016.htm (8-K) — 33KB
- 0000705432-25-000200.txt ( ) — 148KB
- sbsi-20251016.xsd (EX-101.SCH) — 2KB
- sbsi-20251016_lab.xml (EX-101.LAB) — 21KB
- sbsi-20251016_pre.xml (EX-101.PRE) — 12KB
- sbsi-20251016_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On October 16, 2025, the Board of the Company increased it's authorization under the Company's current Stock Repurchase Plan (the "Plan") by 1.0 million shares, for a total authorization to repurchase up to 2.0 million shares of the Company's common stock from time to time. Under the Plan, previously approved on July 20, 2023, the Company has purchased approximately 868,000 shares at an average price per share of $28.43, resulting in approximately 1.1 million shares remaining. Repurchases may be carried out in open market purchases, privately negotiated transactions or pursuant to any trading plan that might be adopted in accordance with Rule 10b5-1 of the Exchange Act, as amended. The Company has no obligation to repurchase any shares under the Stock Repurchase Plan and may modify, suspend or discontinue the plan at any time. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Southside Bancshares, Inc. Date: October 16, 2025 By: /s/ JULIE N. SHAMBURGER Julie N. Shamburger, CPA Chief Financial Officer (Principal Financial Officer)