Company: SYBT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001437749-25-007118
Chunk: 19

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 19
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 auditors and the internal auditors regularly meet privately with this Committee and have unrestricted access to this Committee.

The Audit Committee held five meetings during 2024.

The Board of Directors determined that Messrs. Herde and Lechleiter are audit committee financial experts for Stock Yards Bancorp and are independent as described in the paragraph above. We refer you to the section captioned “REPORT OF THE AUDIT COMMITTEE” on page 64 of this Proxy Statement for more information about the role and responsibility of the Audit Committee in the Company’s financial reporting process.

Nominating and Corporate Governance Committee

The Board of Directors of Stock Yards Bancorp maintains a Nominating and Corporate Governance Committee. Each member of the Nominating and Corporate Governance Committee meets the Nasdaq independence requirements for membership on a nominating and governance committee. Responsibilities of the Committee are set forth in a written charter satisfying the Nasdaq’s corporate governance standards, requirements of federal securities law and incorporating other best practices.

The Committee’s primary duties and responsibilities consist of:

| ● | identifying and evaluating candidates for election to the Board of Directors, including consideration of candidates suggested by shareholders; |

| ● | developing a Board succession strategy; |

| ● | assisting the Board in determining the structure, leadership and composition of Board committees; |

| ● | monitoring the Board’s effectiveness; |

| ● | developing and implementing the Company’s corporate governance guidelines; |

| ● | establishing stock ownership guidelines for non-management directors and annually assessing directors’ ownership relative to those guidelines; |

| ● | developing and overseeing an annual self-evaluation process for the Board and its committees; and |

| ● | reviewing the Company’s policies, practices and disclosures with respect to environmental, social and governance, or ESG, matters. |

The Nominating and Corporate Governance Committee held four meetings during 2024.

Compensation Committee

The Board of Directors of Stock Yards Bancorp maintains a Compensation Committee. Each member of the Compensation Committee meets the Nasdaq independence requirements for membership on the Compensation Committee. The responsibilities of this Committee include oversight of executive and Board compensation and related programs. We refer you to the section captioned “REPORT ON EXECUTIVE COMPENSATION” beginning on page 31 of this Proxy Statement for more information about the role and responsibilities of the Compensation Committee in our executive compensation program and its activities during 2024.

The Compensation Committee held seven meetings during 2024.

Credit and Risk Committee

The Board of Directors of Stock Yards Bancorp maintains a Credit and Risk