other material
confidence high
sentiment neutral
materiality 0.25
Southside Bancshares amends bylaws to mandate annual executive sessions and lead independent director
SOUTHSIDE BANCSHARES INC
- New Section 3.08 requires at least one Board executive session annually with only independent directors present.
- Provides for appointment of a Lead Independent Director for a one-year term.
- If Chairman is an independent director, Chairman serves as Lead Director with same powers.
- Amendment adopted by Board on Nov. 8, 2024 and effective immediately.