---
schema_version: "secwatch.filing_event.v1"
accession: "0000705432-23-000027"
form_type: "8-K"
ticker: "SBSI"
cik: "0000705432"
company_name: "SOUTHSIDE BANCSHARES INC"
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T16:29:29.623979+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Southside Bancshares director Sheehy to retire; director Lovelady passes away

## Summary
- Director William Sheehy to retire at May 17, 2023 annual meeting per mandatory age policy (75).
- Sheehy served on board since 1983; retirement not due to disagreement with management.
- Director Melvin B. Lovelady passed away on February 25, 2023 after brief illness.
- Lovelady served as director since 2005; no replacement announced yet.

## SEC filing metadata
- accession: 0000705432-23-000027
- form_type: 8-K
- ticker: SBSI
- cik: 0000705432
- company_name: SOUTHSIDE BANCSHARES INC
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/705432/000070543223000027/0000705432-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/705432/000070543223000027/sbsi-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000705432-23-000027
- JSON: https://secwatch.observer/filing/0000705432-23-000027.json
- Plain text: https://secwatch.observer/filing/0000705432-23-000027.txt

## Key facts
- Executive change
  William Sheehy departed as Director at SOUTHSIDE BANCSHARES INC.
  - Action: retire
  - Role: Director
  source text: acknowledged director William Sheehy’s retirement from the Board, effective upon the expiration of his term at the 2023 Annual Meeting of Shareholders (the “2023 Annual Meeting”), scheduled for May 17, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/705432/000070543223000027/0000705432-23-000027-index.htm
- Executive change
  Melvin B. Lovelady departed as Director at SOUTHSIDE BANCSHARES INC.
  - Action: passed away
  - Role: Director
  source text: on February 25, 2023, Melvin B. Lovelady, a director of the Company since 2005, passed away after a brief illness.
  evidence_url: https://www.sec.gov/Archives/edgar/data/705432/000070543223000027/0000705432-23-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.