Stock Yards Bancorp Announces Director and Officer Changes
Ticker: SYBT · Form: 8-K · Filed: Sep 3, 2025 · CIK: 835324
Sentiment: neutral
Topics: leadership-change, governance, officer-appointment
Related Tickers: SYBT
TL;DR
SYBT board shakeup: new directors elected, officers appointed, and compensation details disclosed.
AI Summary
Stock Yards Bancorp, Inc. filed an 8-K on September 3, 2025, reporting changes related to its directors and officers. The filing indicates a departure of a director, the election of new directors, and appointments of certain officers, along with details on compensatory arrangements for these officers.
Why It Matters
Changes in board composition and executive appointments can signal shifts in company strategy, governance, or future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategic direction and operational stability.
Key Players & Entities
- Stock Yards Bancorp, Inc. (company) — Registrant
- September 3, 2025 (date) — Date of Report
- Kentucky (location) — State of Incorporation
- Louisville (location) — Principal Executive Offices City
FAQ
Who has departed from the board of directors at Stock Yards Bancorp?
The filing indicates the departure of a director, but the specific name is not detailed in the provided text.
When was the report filed?
The report was filed on September 3, 2025.
What are the main items reported in this 8-K filing?
The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the principal executive office address for Stock Yards Bancorp?
The principal executive offices are located at 1040 East Main Street, Louisville, Kentucky, 40206.
What is the SIC code for Stock Yards Bancorp?
The Standard Industrial Classification (SIC) code is 6022 for State Commercial Banks.
Filing Stats: 735 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2025-09-03 12:15:39
Key Financial Figures
- $240,000 — l receive: (a) an annual base salary of $240,000; (b) eligibility for an annual cash inc
Filing Documents
- sybt20250903_8k.htm (8-K) — 26KB
- 0001437749-25-028234.txt ( ) — 153KB
- sybt-20250903.xsd (EX-101.SCH) — 3KB
- sybt-20250903_def.xml (EX-101.DEF) — 11KB
- sybt-20250903_lab.xml (EX-101.LAB) — 15KB
- sybt-20250903_pre.xml (EX-101.PRE) — 11KB
- sybt20250903_8k_htm.xml (XML) — 3KB
From the Filing
sybt20250903_8k.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 3, 2025 STOCK YARDS BANCORP, INC. (Exact name of registrant as specified in its charter) Kentucky 001-13661 61-1137529 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 1040 East Main Street , Louisville , Kentucky , 40206 (Address of principal executive offices) ( 502 ) 582-2571 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock , no par value SYBT The NASDAQ Stock Market, LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 3, 2025, Stock Yards Bancorp, Inc. (the "Company"), the holding company for Stock Yards Bank & Trust Company (the "Bank"), announced the appointment of Michael W. Woods as Senior Vice President and Principal Accounting Officer of the Company and the Bank, effective immediately. Mr. Woods will be responsible for overseeing a range of areas, including general accounting; SEC, regulatory and internal management reporting; the Bank's treasury function; and budgeting. Mr. Woods, age 58, is a Certified Public Accountant with over 25 years of experience in financial reporting, internal control, and strategic planning. Before joining the Company, Mr. Woods served as SVP and Corporate Controller at Old National Bancorp starting in 2017, and held the role of Principal Accounting Officer of Old National Bancorp from 2017 to 2022. Before joining Old National Bancorp, Mr. Woods served in various financial and accounting roles at FirstMerit Corporation, KeyCorp, and other financial institutions, including as Co-Acting Corporate Controller of FirstMerit. Mr. Woods holds a bachelor's degree in business administration from The Ohio State University, and earned his CPA in 1993. Mr. Woods was not selected pursuant to any arrangement or understanding between him and any other person. Mr. Woods has no familial relationships with any director or executive officer of the Company, and there are no transactions between Mr. Woods and the Company that would require disclosure under Item 404(a) of Regulation S-K. In connection with his appointment, Mr. Woods will receive: (a) an annual base salary of $240,000; (b) eligibility for an annual cash incentive bonus of up to 30% of base salary, and stock awards of up to 20% of base salary, each subject to the Company's performance; and (c) an initial grant of 1,000 shares of restricted stock vesting over five years. In accordance with a double trigger change in control severance agreement, Mr. Woods is eligible for a payment upon a change in control of the Company of one times his base salary plus his historic bonus. In connection with Mr. Woods' appointment, T. Clay Stinnett, who previously served as Principal Accounting Officer, will step down from that role but will remain employed as Executive Vice President and Chief Financial Officer of the Company and the Bank. SIGNATURE 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. STOCK YARDS BANCORP, INC. Dated: September 3, 2025 By: /s/ T. Clay Stinnett T. Clay Stinnett, Executive Vice President, Treasurer and Chief Financial Officer