secwatch.observer — SEC 8-K summary
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Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001171843-21-005503
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000117184321005503/0001171843-21-005503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000117184321005503/f8k_080421.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-005503

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