Company: SYBT
Filing Date: 2025-07-18
Form Type: 8-K
Source: 0001437749-25-022957
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Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-07-18
Form: 8-K
Item: Item 8.01
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ITEM 8.01. OTHER EVENTS.

On July 15, 2025, the Board of Directors of Stock Yards Bancorp, Inc. (the “ Company”) authorized a new stock repurchase program of up to one million shares of the Company’s common stock, or approximately 3.4% of the Company's total shares of common stock outstanding (the “ Plan”). The Plan replaces the repurchase plan that expired in May 2025, pursuant to which the Company last repurchased shares in 2019. The timing and the amount of any repurchases will be determined by management under parameters established by the Company’s Board of Directors, based on an evaluation of our stock price, market conditions, and other corporate considerations, including complying with Rule 10b5-1 trading arrangements under the Securities Exchange Act of 1934, as applicable. The Plan, which will expire in two years unless otherwise extended or completed at an earlier date, does not obligate the Company to repurchase any specific dollar amount or number of shares before the Plan's expiration. The Plan may be modified, suspended or terminated at any time for any reason and without prior notice. The Company cannot assure the exact number of shares to be repurchased before the expiration date of the Plan.

  ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.  

  (d)      Exhibits.