ServisFirst Bancshares, Inc. Files Definitive Proxy Statement

TL;DR

<b>ServisFirst Bancshares, Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

ServisFirst Bancshares, Inc. (SFBS) filed a Proxy Statement (DEF 14A) with the SEC on April 8, 2024. ServisFirst Bancshares, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 8, 2024. The filing pertains to the fiscal year ending December 31, 2023. The company's Central Index Key (CIK) is 0001430723. ServisFirst Bancshares, Inc. is incorporated in Delaware. The filing is made under the Securities Exchange Act of 1934.

Why It Matters

For investors and stakeholders tracking ServisFirst Bancshares, Inc., this filing contains several important signals. This filing is a standard requirement for public companies to provide shareholders with information regarding upcoming meetings and voting matters. Shareholders can review details on executive compensation, director nominations, and other corporate governance issues.

Risk Assessment

Risk Level: — ServisFirst Bancshares, Inc. shows moderate risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than significant new events or risks.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation, director elections, and other proposals before the annual meeting.

Key Numbers

• 0001430723 — Central Index Key (ServisFirst Bancshares, Inc.)
• 2500 WOODCREST PLACE — Business Address (ServisFirst Bancshares, Inc.)
• 35209 — Business ZIP Code (ServisFirst Bancshares, Inc.)

Key Players & Entities

• ServisFirst Bancshares, Inc. (company) — Registrant
• Securities Exchange Act of 1934 (regulator) — Governing act for the filing
• 2024-04-08 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end

FAQ

Industry Context

ServisFirst Bancshares, Inc. operates in the commercial banking sector.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, specifically Rule 14a-101 for proxy statements.

What Investors Should Do

1. Review the proxy statement for details on director nominations and voting procedures.
2. Examine executive compensation disclosures to understand pay structures.
3. Note any shareholder proposals or management recommendations for voting.

Key Dates

• 2024-04-08: Filing Date — Definitive Proxy Statement filed
• 2023-12-31: Fiscal Year End — Period covered by the proxy statement

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for public companies and does not represent a change from previous filings in terms of new events.

Filing Documents

• sfbs20240301_def14a.htm (DEF 14A) — 954KB
• broughton_sig.jpg (GRAPHIC) — 3KB
• card_01.jpg (GRAPHIC) — 145KB
• card_02.jpg (GRAPHIC) — 118KB
• img_com-chair.jpg (GRAPHIC) — 21KB
• img_com-member.jpg (GRAPHIC) — 0KB
• img_fin-expert.jpg (GRAPHIC) — 21KB
• logo.jpg (GRAPHIC) — 5KB
• p20a.jpg (GRAPHIC) — 23KB
• p20b.jpg (GRAPHIC) — 20KB
• pressley_sig.jpg (GRAPHIC) — 3KB
• pvp1.jpg (GRAPHIC) — 43KB
• pvp2.jpg (GRAPHIC) — 36KB
• pvp3.jpg (GRAPHIC) — 38KB
• 0001171843-24-001885.txt (&nbsp;) — 2732KB
• sfbs-20231231.xsd (EX-101.SCH) — 6KB
• sfbs-20231231_def.xml (EX-101.DEF) — 8KB
• sfbs-20231231_lab.xml (EX-101.LAB) — 15KB
• sfbs-20231231_pre.xml (EX-101.PRE) — 7KB
• sfbs20240301_def14a_htm.xml (XML) — 88KB

From the Filing

sfbs20230228_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ____ ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement. Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)). Definitive Proxy Statement. Definitive Additional Materials. Soliciting Material under 240.14a-12. SERVISFIRST BANCSHARES, INC. (Name of Registrant as Specified In Its Charter) ______________________________________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(l) and 0-11. SERVISFIRST BANCSHARES, INC. 2500 Woodcrest Place Birmingham, Alabama 35209 April 8, 2024 Dear Fellow Stockholder: You are cordially invited to attend the Annual Meeting of Stockholders of ServisFirst Bancshares, Inc. Our Annual Meeting will be held at the company's corporate headquarters, located at 2500 Woodcrest Place, Birmingham, Alabama 35209, on Monday, May 20, 2024, at 9:00 a.m., Central Daylight Time. Our proxy materials describe the formal business to be transacted at the Annual Meeting. Many of our directors and officers will be present to answer any questions that you and other stockholders may have. Included in the materials is our Annual Report to Stockholders, which contains detailed information concerning our activities and operating performance including our Annual Report on Form 10-K for the year ended December 31, 2023. The business to be conducted at the Annual Meeting consists of: (1) the election of seven directors; (2) an advisory vote on the compensation of our named executive officers; (3) the ratification of the appointment of FORVIS, LLP as our independent registered public accounting firm for the year ending December 31, 2024; and (4) such other business as may properly come before the Annual Meeting. Our Board of Directors unanimously recommends a vote "FOR" the election of the director nominees; "FOR" the "Say on Pay" advisory vote approving the compensation of our named executive officers; and "FOR" the ratification of the appointment of FORVIS, LLP as our independent registered public accounting firm for the year ending December 31, 2024. You may vote your shares by following your broker's voting instructions, by submitting voting instructions by telephone or by Internet, by voting in person at the Annual Meeting or, if you requested to receive printed proxy materials, by completing and returning your proxy card. Instructions regarding the methods of voting are contained in the enclosed Proxy Statement and on the Notice of Internet Availability of Proxy Materials or proxy card. It is important that your shares be represented at the Annual Meeting. On behalf of our Board of Directors, we request that you vote your shares now, even if you currently plan to attend the Annual Meeting. This will not prevent you from voting in person, but will assure that your vote is counted. Your vote is important. The proxy materials are first being made available to stockholders on or about April 8, 2024. Sincerely, Thomas A. Broughton III Chairman, President and Chief Executive Officer SERVISFIRST BANCSHARES, INC. 2500 Woodcrest Place Birmingham, Alabama 35209 NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS Date and Time: Monday, May 20, 2024 9:00 a.m., Central Time Place: 2500 Woodcrest Place Birmingham, Alabama 35209 Items of Business: 1. To elect the seven nominees listed in the accompanying Proxy Statement to serve on our Board of Directors until the next Annual Meeting of Stockholders or until their successors are duly elected and qualified. 2. To conduct a "Say on Pay" advisory vote on the compensation of our named executive officers. 3. To ratify the appointment of FORVIS, LLP as our independent registered public accounting firm for the year ending December 31, 2024. 4. To transact such other business as may properly come before the 2024 Annual Meeting or any postponement or adjournment thereof. Our board of directors unanimously recommends a vote "FOR" the election of the director nominees, "FOR" the "Say on Pay" advisory vote approving the compensation of our named executive officers, and "FOR" the ratification of the appointment of FORVIS, LLP as our independent registered public accounting firm for the year ending December 31, 2024. Record Date: March 27, 2024 Voting by Proxy: IT IS IMPORTANT THAT YOU SUBMIT VOTING INSTRUCTIONS BY TELEPHONE OR BY INTERNET OR, IF YOU REQUE

View Full Filing

View this DEF 14A filing on SEC EDGAR