secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0000705432-24-000075
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.07, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares shareholders elect directors, approve say-on-pay; Vice-Chair retirement and appointment
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- Board elected S. Elaine Anderson, Kirk Calhoun, Patricia Callan, Bob Garrett for 3-year terms; Tony Morgan for 1-year term.
- Non-binding say-on-pay approved with 18.9M votes for, 1.1M against.
- Ernst & Young ratified as auditor for 2024 with 24.2M votes for.
- Donald Thedford retired as Vice-Chair; H.J. Shands III appointed Vice-Chair effective immediately.
- Shands has served as director since 2017 and was former President/CEO of First Bank & Trust East Texas.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543224000075/0000705432-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543224000075/sbsi-20240515.htm
  HTML page:      https://secwatch.observer/filing/0000705432-24-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer