STOCK YARDS BANCORP, INC. (NASDAQ:SYBT) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
On April 27, 2017, the Company held its 2017 annual meeting of
shareholders. As of the record date for the Annual Meeting, there
were 22,642,046 shares of Common Stock outstanding and entitled
to one vote on each matter presented for vote at the Annual
Meeting. At the Annual Meeting, 19,440,053 or 85.85% 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 2017 to serve as
directors until the next annual meeting of shareholders in 2018.
All nominees were elected. The results were as follows:
|
Votes
For |
Votes Against |
Abstain |
Broker Non-Votes | |||||
| J. McCauley Brown | 14,932,140 | 25,973 | 22,774 | 4,459,166 | ||||
| Charles R. Edinger, III | 14,482,155 | 475,982 | 22,750 | 4,459,166 | ||||
| David P. Heintzman | 14,718,699 | 236,615 | 25,573 | 4,459,166 | ||||
| Donna L. Heitzman | 14,827,435 | 127,114 | 26,338 | 4,459,166 | ||||
| Carl G. Herde | 14,850,953 | 105,119 | 24,815 | 4,459,166 | ||||
| James A. Hillebrand | 14,782,151 | 176,274 | 22,462 | 4,459,166 | ||||
| Richard A. Lechleiter | 14,916,728 | 37,366 | 26,793 | 4,459,166 | ||||
| Richard Northern | 14,843,171 | 110,465 | 27,251 | 4,459,166 | ||||
| Stephen M. Priebe | 14,872,423 | 83,767 | 24,697 | 4,459,166 | ||||
| Norman Tasman | 14,522,833 | 435,113 | 22,941 | 4,459,166 | ||||
| Kathy C. Thompson | 14,764,560 | 193,031 | 23,296 | 4,459,166 |
2. Ratification of KPMG LLP as the independent registered public
accounting firm for the Company for the year ending December 31,
2017:
| For | 19,333,831 |
| Against | 69,078 |
| Abstain | 37,144 |
| Broker non-vote | 0 |
3. Proposal to approve a non-binding resolution to approve the
compensation of the Companys named executive officers.
| For | 13,869,567 |
| Against | 381,898 |
| Abstain | 729,422 |
| Broker non-vote | 4,459,166 |
4. Advisory vote on the frequency of future advisory votes
approving the compensation of Stock Yards Bancorps named
executive officers.
| One year | 11,597,594 |
| Two years | 479,331 |
| Three years | 2,100,711 |
| Abstain | 803,251 |
In light of the voting results from the annual meeting regarding
shareholders’ preference for how often the Company will hold
future advisory votes on executive compensation, the Company’s
Board of Directors has decided that the Company will hold an
annual advisory vote on the compensation of named executive
officers until the next vote on the frequency of shareholder
votes on such compensation. This is the same frequency as had
been recommended by the Board of Directors in connection with the
submission of this item for shareholder vote at the annual
meeting. The Company is required to hold votes on frequency every
six years.
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. STOCK YARDS BANCORP, INC. (NASDAQ:SYBT) Recent Trading Information
STOCK YARDS BANCORP, INC. (NASDAQ:SYBT) closed its last trading session up +0.15 at 41.15 with 58,121 shares trading hands.