---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-21-005503"
form_type: "8-K"
ticker: "SYBT"
cik: "0000835324"
company_name: "Stock Yards Bancorp, Inc."
filed_at: "2021-08-04T23:59:59+00:00"
generated_at: "2026-06-29T22:55:02.886278+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SYBT to acquire Commonwealth Bancshares at 0.9267 shares + $11.20 cash per share

## Summary
- Merger consideration: 0.9267 SYBT shares + $11.20 cash per Commonwealth share.
- Closing expected in Q4 2021; subject to Commonwealth shareholder approval, regulatory approvals (FRB, FDIC, KY DFI), and tax opinion.
- Termination fee of $8M payable by Commonwealth under certain conditions, e.g., adverse change in board recommendation.
- Principal Shareholders will hold ~6.2% of SYBT post-close; Laura L. Wells to join SYBT board as Mutually Acceptable Director.
- Support agreements with Commonwealth directors and CEO/CFO to vote for merger; Investor Agreement includes 90-day lock-up and standstill.

## SEC filing metadata
- accession: 0001171843-21-005503
- form_type: 8-K
- ticker: SYBT
- cik: 0000835324
- company_name: Stock Yards Bancorp, Inc.
- filed_at: 2021-08-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835324/000117184321005503/0001171843-21-005503-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835324/000117184321005503/f8k_080421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-21-005503
- JSON: https://secwatch.observer/filing/0001171843-21-005503.json
- Plain text: https://secwatch.observer/filing/0001171843-21-005503.txt

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