secwatch.observer — SEC 8-K summary
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Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001171843-23-005325
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stock Yards Bancorp announces retirement of wealth management head, names Shannon Budnick as successor
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- Kathleen C. Thompson to retire as Senior EVP, Director of Wealth Management & Trust effective Jan. 2, 2024.
- Shannon Budnick, currently SVP and Managing Director of Investments, promoted to Executive VP and Director effective Jan. 3, 2024.
- Thompson grew Wealth Management assets from $200M to over $7B since joining in 1992.
- Budnick has over 25 years of experience and will join executive leadership team.
- Transition agreement includes consulting at $250/hour, full vesting of SARs, and noncompete covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000117184323005325/0001171843-23-005325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000117184323005325/f8k_081523.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-005325

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