Stock Yards Bancorp Announces Board, Officer Changes
Ticker: SYBT · Form: 8-K · Filed: May 1, 2024 · CIK: 835324
Sentiment: neutral
Topics: corporate-governance, officer-changes, board-changes, financial-reporting
Related Tickers: SYBT
TL;DR
SYBT board and exec shakeup, plus shareholder votes and financials filed.
AI Summary
Stock Yards Bancorp, Inc. announced on April 25, 2024, changes in its board of directors and officer appointments. The company also reported on matters submitted to a vote of security holders and filed financial statements and exhibits. These events are detailed in their Form 8-K filing.
Why It Matters
Changes in a company's board and officers can signal shifts in strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily reports on routine corporate governance and financial disclosures, with no immediate negative financial implications.
Key Players & Entities
- Stock Yards Bancorp, Inc. (company) — Registrant
- April 25, 2024 (date) — Date of earliest event reported
- Kentucky (location) — State of incorporation
- Louisville (location) — Principal executive offices city
FAQ
What specific changes were made to the board of directors or officers?
The filing indicates changes in directors and officers, but the specific details of these changes are not provided in the provided text excerpt.
What matters were submitted to a vote of security holders?
The filing states that matters were submitted to a vote of security holders, but the nature of these matters is not detailed in the provided text.
What financial statements and exhibits were filed?
The filing indicates that financial statements and exhibits were filed, but their specific content is not described in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on April 25, 2024.
What is Stock Yards Bancorp, Inc.'s principal executive office address?
Stock Yards Bancorp, Inc.'s principal executive office is located at 1040 East Main Street, Louisville, Kentucky, 40206.
Filing Stats: 1,096 words · 4 min read · ~4 pages · Grade level 10.7 · Accepted 2024-05-01 13:22:26
Key Financial Figures
- $100,000 — loyee directors in any calendar year to $100,000; Expressly allows broker-assisted cash
Filing Documents
- sybt20240501_8k.htm (8-K) — 74KB
- ex_665175.htm (EX-10.1) — 120KB
- 0001437749-24-014120.txt ( ) — 352KB
- sybt-20240425.xsd (EX-101.SCH) — 3KB
- sybt-20240425_def.xml (EX-101.DEF) — 11KB
- sybt-20240425_lab.xml (EX-101.LAB) — 15KB
- sybt-20240425_pre.xml (EX-101.PRE) — 11KB
- sybt20240501_8k_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On April 25, 2024, the Company held its 2024 annual meeting of shareholders (the "Annual Meeting"). Shareholders were requested to consider and vote upon four proposals, each of which is more fully described in the Proxy Statement. As of the record date for the Annual Meeting, there were 29,366,737 shares of Common Stock outstanding and entitled to one vote on each matter presented for vote at the Annual Meeting. At the Annual Meeting, 24,678,810 or 84.03% of the outstanding common shares entitled to vote were represented in person or by proxy. Those shares were voted as set forth below. 1. The following individuals were nominated in 2024 to serve as directors of the Company until the next annual meeting of shareholders in 2025. All nominees were elected by the following tabulation of votes. Votes For Votes Against Abstain Broker Non- Votes Shannon B. Arvin 19,014,338 675,815 19,740 4,968,917 Paul J. Bickel III 19,463,504 198,241 48,148 4,968,917 Allison J. Donovan 18,939,149 726,063 44,681 4,968,917 David P. Heintzman 19,203,042 411,570 95,281 4,968,917 Carl G. Herde 18,954,148 711,275 44,460 4,968,917 James A. Hillebrand 19,277,160 409,875 22,858 4,968,917 Richard A. Lechleiter 19,163,486 502,697 43,710 4,968,917 Philip S. Poindexter 19,244,145 418,276 47,472 4,968,917 Stephen M. Priebe 18,285,878 1,343,808 80,207 4,968,917 Edwin S. Saunier 19,483,503 204,102 22,288 4,968,917 John L. Schutte 19,511,388 154,982 43,523 4,968,917 Laura L. Wells 16,788,107 2,837,574 84,212 4,968,917 2. Ratification of the selection of FORVIS, LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2024 was approved by the following tabulation of votes. For 23,086,093 Against 76,713 Abstain 1,516,004 3. The proposal to approve a non-binding resolution to approve the compensation of the Company
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Stock Yards Bancorp, Inc. Amended and Restated Omnibus Equity Compensation Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 1, 2024 STOCK YARDS BANCORP, INC. By: /s/ T. Clay Stinnett T. Clay Stinnett, Executive Vice President, Treasurer and Chief Financial Officer