Southside Bancshares Files 2025 Proxy Statement
Ticker: SBSI · Form: DEF 14A · Filed: Mar 27, 2025 · CIK: 705432
| Field | Detail |
|---|---|
| Company | Southside Bancshares Inc (SBSI) |
| Form Type | DEF 14A |
| Filed Date | Mar 27, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, governance, executive-compensation, shareholder-meeting
TL;DR
Southside Bancshares proxy out - shareholder vote time!
AI Summary
Southside Bancshares Inc. filed its DEF 14A on March 27, 2025, for the fiscal year ending December 31, 2024. The filing details executive compensation, corporate governance, and other shareholder-related matters. Key financial data for the periods ending December 31, 2024, 2023, 2022, 2021, and 2020 are included, with specific breakdowns for pension and equity award valuations.
Why It Matters
This filing provides shareholders with crucial information regarding the company's governance and executive pay, enabling informed voting decisions at the upcoming annual meeting.
Risk Assessment
Risk Level: low — This is a routine DEF 14A filing detailing corporate governance and executive compensation, not indicating immediate financial distress or significant new risks.
Key Numbers
- 20250327 — Filing Date (Date the DEF 14A was filed with the SEC.)
- 20250514 — Period of Report (The period this filing pertains to.)
- 1231 — Fiscal Year End (Indicates the end of the company's fiscal year.)
Key Players & Entities
- SOUTHSIDE BANCSHARES INC (company) — Filer
- SOBANK INC (company) — Former company name
- 1201 S BECKHAM (location) — Business and mailing address
- TYLER (location) — City for business and mailing address
- TX (location) — State for business and mailing address
- 75701 (location) — ZIP code for business and mailing address
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors, executive compensation, and other proposals.
When is the period of report for this filing?
The Conformed Period of Report is 20250514, indicating the proxy statement is related to matters for the upcoming annual meeting.
What is Southside Bancshares Inc.'s state of incorporation?
Southside Bancshares Inc. is incorporated in Texas (TX).
What is the company's SIC code and industry?
The company's Standard Industrial Classification (SIC) code is 6022, which corresponds to State Commercial Banks.
Has the company's name changed previously?
Yes, the company was formerly known as SOBANK INC, with a date of name change on 19920703.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on March 27, 2025 regarding SOUTHSIDE BANCSHARES INC (SBSI).