STOCK YARDS BANCORP, INC. (NASDAQ:SYBT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 26, 2018, shareholders of Stock Yards Bancorp, Inc. (the “Company”) approved Amendment No. 2 (the “Amendment”) to the Stock Yards Bancorp 2015 Omnibus Equity Compensation Plan (the “Plan”). The Amendment:
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Increases the number of shares of Common Stock reserved and available for issuance under the Plan by 500,000 shares; |
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Prohibits the payment or vesting of dividends or dividend equivalents on unvested awards; and |
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Adjusts the various share limits under the Plan solely to reflect how those limits apply following the Company’s 2016 stock split. |
A copy of the full text of the Amendment is filed as Exhibit 10.1 to this report.This summary of the Amendment is not intended to be a complete description of the Amendment and is qualified in its entirety by the actual text of the Amendment to which reference is hereby made.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On April 26, 2018, the Company held its 2018 annual meeting of shareholders. As of the record date for the Annual Meeting, there were 22,715,322shares of Common Stock outstanding and entitled to one vote on each matter presented for vote at the Annual Meeting. At the Annual Meeting, 16,592,865 or 73.05% of the outstanding common shares entitled to vote were represented in person or by proxy. Those shares were voted as follows:
1.The following individuals were nominated in 2018 to serve until the next annual meeting of shareholders in 2019. All nominees were elected. The results were as follows:
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Votes For |
Votes Against |
Votes Withheld |
Broker Non-Votes |
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Paul J. Bickel III |
16,372,072 |
59,401 |
161,392 |
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J. McCauley Brown |
16,368,181 |
64,910 |
159,774 |
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Charles R. Edinger III |
15,835,633 |
594,791 |
162,441 |
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David P. Heintzman |
16,246,597 |
185,234 |
161,034 |
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Donna L. Heitzman |
16,147,298 |
273,083 |
172,484 |
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Carl G. Herde |
16,168,011 |
260,980 |
163,874 |
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James A. Hillebrand |
16,131,290 |
298,330 |
163,245 |
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Richard A. Lechleiter |
16,089,893 |
340,942 |
162,030 |
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Richard Northern |
16,285,355 |
142,364 |
165,146 |
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Stephen M. Priebe |
16,231,083 |
197,635 |
164,147 |
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Norman Tasman |
15,911,540 |
519,669 |
161,656 |
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Kathy C. Thompson |
16,115,758 |
315,512 |
161,595 |
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2.Proposal to amend the 2015 Omnibus Equity Compensation Plan:
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For |
15,164,299 |
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Against |
474,295 |
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Abstain |
954,271 |
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Broker non-vote |
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3.Proposal to approve a non-binding resolution to approve the compensation of the Company’s named executive officers.
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For |
15,233,711 |
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Against |
449,467 |
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Abstain |
909,687 |
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Broker non-vote |
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Item 9.01 Financial Statements and Exhibits.
Stock Yards Bancorp, Inc. ExhibitEX-10.1 2 a51799322ex10_1.htm EXHIBIT 10.1 Exhibit 10.1 Amendment No. 2 to the Stock Yards Bancorp 2015 Omnibus Equity Compensation Plan This is Amendment No. 2 to the Stock Yards Bancorp 2015 Omnibus Equity Compensation Plan (the “Plan”),…To view the full exhibit click here
About STOCK YARDS BANCORP, INC. (NASDAQ:SYBT)
Stock Yards Bancorp, Inc. is the holding company for Stock Yards Bank & Trust Company (the Bank). The Company operates through two segments: commercial banking, and investment management and trust. Its commercial banking segment provides a range of loan and deposit products to individual consumers and businesses. The commercial banking segment also includes the Company’s mortgage origination and securities brokerage activity. Its investment management and trust segment provides wealth management services, including investment management, trust and estate administration, and retirement plan services. The Bank is a state chartered bank that provides commercial and personal banking services in the Louisville, Kentucky, Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets. The Bank has an investment management and trust department offering a range of investment management, trust, employee benefit plan and estate administration, and financial planning services.
