secwatch.observer — SEC 8-K summary
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Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001437749-23-028358
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SYBT enters CICS agreements with CFO and CLO; CFO's severance tripled to 3x base+bonus
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- Rehm (EVP & CLO) gets new CICS: severance = 2x highest monthly base + highest annual bonus plus 2-year health coverage.
- Stinnett (CFO) amendment: severance increased from 2x to 3x base+bonus; health coverage from 2 to 3 years; adds 18-month non-compete and extends non-solicit to 18 months.
- Both agreements include 280G tax gross-up provision allowing greater of full amount less excise tax or just below threshold.
- Agreements not made in response to any known or anticipated change in control; effective Oct. 16-17, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000143774923028358/0001437749-23-028358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000143774923028358/sybt20231017_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-028358

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