Southside Bancshares shareholders approve all four proposals at 2023 annual meeting

SOUTHSIDE BANCSHARES INC

Three directors elected for terms expiring 2026: Anderson, Shands (each >20M for), Smith (18.7M for); Sammons elected for 2025 term (20.6M for).
Non-binding say-on-pay approved with 20.54M for, 0.79M against, and 4.43M broker non-votes.
Advisory say-on-pay frequency set at one year with 19.33M votes; 1.87M preferred three years.
Ratification of Ernst & Young as auditor for FY 2023 approved with 25.43M for, 0.24M against.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

SOUTHSIDE BANCSHARES INC shareholders approved Non-binding advisory vote on the frequency of future say-on-pay votes (one year, two years, or three years) at the 2023-05-17 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-05-17

Exact text from the filing

Shareholders approved, on a non-binding advisory basis, a one-year (annual) frequency at which the Company should include a vote on the compensation of the Company's named executive officers.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

SOUTHSIDE BANCSHARES INC shareholders approved Election of three directors to serve for three-year terms expiring at the 2026 Annual Meeting and one director to serve for a two-year term expiring at the 2025 Annual Meeting at the 2023-05-17 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-17

Exact text from the filing

Shareholders approved the election of three directors to serve for three-year terms expiring at the 2026 Annual Meeting and one director to serve for a two-year term expiring at the 2025 Annual Meeting.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

SOUTHSIDE BANCSHARES INC shareholders approved Ratification of appointment of Ernst and Young LLP as independent registered certified public accounting firm for 2023 at the 2023-05-17 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-17

Exact text from the filing

Shareholders ratified the appointment of Ernst and Young LLP to serve as the Company's independent registered certified public accounting firm for the year ending December 31, 2023.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

SOUTHSIDE BANCSHARES INC shareholders approved Non-binding advisory vote to approve the compensation of the Company's named executive officers at the 2023-05-17 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-17

Exact text from the filing

Shareholders approved, on a non-binding advisory basis, the compensation of the Company's named executive officers, as described in the Company's proxy statement.

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Source: SEC EDGAR

accession 0000705432-23-000104

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