Stock Yards Bancorp, Inc. Files Definitive Proxy Statement
Ticker: SYBT · Form: DEF 14A · Filed: Mar 14, 2024 · CIK: 835324
Sentiment: neutral
Topics: Proxy Statement, DEF 14A, Stock Yards Bancorp, SYBT, SEC Filing
TL;DR
<b>Stock Yards Bancorp, Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>
AI Summary
Stock Yards Bancorp, Inc. (SYBT) filed a Proxy Statement (DEF 14A) with the SEC on March 14, 2024. Stock Yards Bancorp, Inc. (SYBT) filed a Definitive Proxy Statement (DEF 14A) on March 14, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 1040 E Main St, Louisville, KY 40206. The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934. The filing date is March 14, 2024, with the report period ending April 25, 2024.
Why It Matters
For investors and stakeholders tracking Stock Yards Bancorp, Inc., this filing contains several important signals. This filing is a standard regulatory requirement for publicly traded companies, providing shareholders with information necessary to vote on corporate matters. Shareholders should review this document to understand executive compensation, director nominations, and other proposals to be voted on at the upcoming annual meeting.
Risk Assessment
Risk Level: low — Stock Yards Bancorp, Inc. shows low 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
Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to inform voting decisions.
Key Numbers
- 2023-12-31 — Fiscal Year End (Reporting period)
- 2024-03-14 — Filing Date (Date of submission)
- 2024-04-25 — Report Period End (Period covered by the proxy statement)
Key Players & Entities
- Stock Yards Bancorp, Inc. (company) — Registrant
- SYBT (company) — Ticker symbol
- 1040 E Main St, Louisville, KY 40206 (location) — Business address
- Securities Exchange Act of 1934 (regulation) — Governing act
- 2024-03-14 (date) — Filing date
- 2023-12-31 (date) — Fiscal year end
- 2024-04-25 (date) — Report period end
FAQ
When did Stock Yards Bancorp, Inc. file this DEF 14A?
Stock Yards Bancorp, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 14, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Stock Yards Bancorp, Inc. (SYBT).
Where can I read the original DEF 14A filing from Stock Yards Bancorp, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Stock Yards Bancorp, Inc..
What are the key takeaways from Stock Yards Bancorp, Inc.'s DEF 14A?
Stock Yards Bancorp, Inc. filed this DEF 14A on March 14, 2024. Key takeaways: Stock Yards Bancorp, Inc. (SYBT) filed a Definitive Proxy Statement (DEF 14A) on March 14, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 1040 E Main St, Louisville, KY 40206..
Is Stock Yards Bancorp, Inc. a risky investment based on this filing?
Based on this DEF 14A, Stock Yards Bancorp, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than significant new events or risks.
What should investors do after reading Stock Yards Bancorp, Inc.'s DEF 14A?
Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to inform voting decisions. The overall sentiment from this filing is neutral.
How does Stock Yards Bancorp, Inc. compare to its industry peers?
Stock Yards Bancorp, Inc. operates as a commercial bank, subject to regulations within the financial services industry.
Are there regulatory concerns for Stock Yards Bancorp, Inc.?
The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.
Industry Context
Stock Yards Bancorp, Inc. operates as a commercial bank, subject to regulations within the financial services industry.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.
What Investors Should Do
- Review executive compensation details and rationale.
- Examine director nominations and qualifications.
- Understand all proposals to be voted on at the shareholder meeting.
Key Dates
- 2024-03-14: Filing Date — Submission of Definitive Proxy Statement
- 2024-04-25: Report Period End — Date as of which the proxy statement is effective
- 2023-12-31: Fiscal Year End — Period for which financial information is relevant
Year-Over-Year Comparison
This is the initial filing of the Definitive Proxy Statement for the 2024 annual meeting, following the previous year's filings.
Filing Stats: 4,873 words · 19 min read · ~16 pages · Grade level 13.3 · Accepted 2024-03-14 08:00:28
Filing Documents
- sybt20240311_def14a.htm (DEF 14A) — 2161KB
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- 0001437749-24-007749.txt ( ) — 4756KB
- sybt-20231231.xsd (EX-101.SCH) — 9KB
- sybt-20231231_def.xml (EX-101.DEF) — 12KB
- sybt-20231231_lab.xml (EX-101.LAB) — 24KB
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EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 40 CORPORATE GOVERNANCE 8 Compensation Discussion and Analysis 40 Corporate Governance Highlights 8 Report of the Compensation Committee 59 Shareholder Feedback and Engagement 8 Summary Compensation Table 60 Role of the Board of Directors 9 Grants of Plan-Based Awards Table 61 Corporate Governance Guidelines 9 Outstanding Equity Awards at Fiscal Year End Table 62 Board Leadership Structure 9 SAR Exercises and Stock (RSAs and PSUs) Vesting 64 Lead Independent Director 10 Noncontributory Nonqualified Pension Plan 65 Committees of the Board 10 Contributory Nonqualified Deferred Compensation Plan 65 Non-management Executive Sessions 13 Executive Transition Agreement with Kathy C. Thompson 66 Board Evaluation Process 13 Potential Change in Control Payments 67 Director Onboarding and Continuing Education 13 CEO Pay Ratio 68 Codes of Conduct and Ethics 14 Pay Versus Performance Disclosure 69 Board Oversight of Risk Management 14 REPORT OF THE AUDIT COMMITTEE 73 Board Meetings and Attendance 14 INDEPENDENT AUDITOR FEES 74 Shareholder Communications with the Board of Directors 14 TRANSACTIONS WITH MANAGEMENT AND OTHERS 74 CORPORATE RESPONSIBILITY 15 ANNUAL REPORT ON FORM 10-K 76 PROPOSAL 1: ELECTION OF DIRECTORS 16 OTHER MATTERS 76 Board Size and Term of Office 16 APPENDIX A: AMENDED AND RESTATED OMNIBUS EQUITY COMPENSATION PLAN A-1 Nominees for Election 16 APPENDIX B: Reconciliation of GAAP and non-GAAP Financial Measures B-1 Board Composition 18 Board Diversity Factors 18 Director Skills Matrix 19 Additional Information Regarding the Background and Qualifications of Director Nominees 20 Commonwealth Bancshares Investor Agreement 22 Director Nomination Process 23 Shareholder Nominations 23 Director Independence 23 Director Election Standard 24 Director Stock Ownership 24 Director Retirement Policy 24 Dir