secwatch.observer — SEC 8-K summary
======================================

Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001437749-24-014120
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve amended equity plan, adding 1M shares; all director nominees elected
--------------------------------------------------------------------------------

- Stock Yards Bancorp shareholders approved Amended and Restated Omnibus Equity Compensation Plan on April 25, 2024.
- Plan adds 1,000,000 shares to reserve; requires minimum 1-year vesting for 95% of shares; caps non-employee director awards at $100,000/yr.
- All 12 director nominees elected with majority support; votes ranged from ~16.8M to ~19.5M votes for.
- Ratification of FORVIS as auditor for 2024 passed (23.1M for); say-on-pay proposal approved (19.2M for).
- Plan also prohibits dividend equivalents on unvested awards and includes claw-back provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000143774924014120/0001437749-24-014120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000143774924014120/sybt20240501_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014120

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