Company: SYBT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001437749-25-007118
Chunk: 14

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 14
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 required under Rule 14a-19 is in addition to the advance notice requirements of our Bylaws and does not extend the deadline specified in the Bylaws.

All shareholder proposals, director nominations and requests for copies of our Bylaws should be addressed as follows:

Stock Yards Bancorp, Inc.

Executive Offices

1040 E. Main Street

Louisville, Kentucky 40206

Attn: Corporate Secretary

<div align='center'>7

CORPORATE GOVERNANCE</div>

Corporate Governance Highlights

Our Board of Directors and management are committed to strong corporate governance practices, which we believe support our dedication to managing the Company’s business in a responsible and ethical manner and promote long-term shareholder value. Highlights of our governance structure and practices include the following:

Board Independence

| ● | Strong Lead Independent Director |

| ● | Substantial majority of independent directors |

| ● | All Board committees are comprised entirely of independent directors |

| ● | Executive sessions of non-management directors at Board and committee meetings |

Board Accountability

| ● | Annual elections for all directors |

| ● | Majority voting in uncontested director elections combined with a director resignation policy |

| ● | Mandatory director retirement policy |

| ● | Board focus on strategic planning and direction, including annual reviews of the Company’s strategic objectives and plans |

| ● | No poison pill |

Board Effectiveness

| ● | Annual Board and committee assessments, including one-on-one discussions between the Lead Independent Director and each other non-management director |

| ● | Strong corporate governance guidelines |

| ● | Comprehensive onboarding program for new directors |

| ● | Ongoing training and educational opportunities for directors |

Shareholder Alignment

| ● | Robust stock ownership requirements for directors and executive management |

| ● | Policies that prohibit our directors and executive officers from hedging or pledging Stock Yards Bancorp stock |

Shareholder Engagement

Our Board of Directors values and respects the views and feedback we receive from our shareholders through voting results at our annual meetings or from other forms of engagement. As such, the Nominating and Corporate Governance Committee meets annually to review voting results from the most recent annual meeting of shareholders and consider, among a number of matters, any governance-related issues presented by the voting totals. The Committee noted the additional votes cast against or abstaining from the vote on Ms. Wells, primarily as a result of the lease with Summit I Partners, Ltd., a company majority owned by her father. That lease was terminated in 2024. See section captioned “Transactions with Related Persons” on