Company: SYBT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001437749-25-007118
Chunk: 9

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 9
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 of the Annual Meeting?

Holders of a majority of the outstanding shares of Common Stock entitled to vote at the Annual Meeting must be present at the Annual Meeting or represented by proxy for the transaction of business. This is called a quorum. Proxies marked as abstaining (including proxies containing broker non-votes) on any matter to be acted upon by shareholders will be treated as present at the meeting for purposes of determining a quorum but will not be counted as votes cast on such matters. If a quorum is not present, we may propose to adjourn the meeting to solicit additional proxies and reconvene the meeting at a later date.

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What vote is required to approve each Proposal?

The following chart describes the proposals to be considered at the Annual Meeting, the vote required to elect directors and to approve each of the other proposals and the manner in which votes will be counted.

| Proposals                                          | Voting Options                           | Votes       
 Required    | Effect of   
 Abstentions | Effect of 
 Broker    
 Non-Votes |
| Proposal 1: Election of Directors                  | For, against or abstain for each nominee | Majority of 
 votes cast  | No effect   | No effect |
| Proposal 2: Approval of our executive compensation | For, against or abstain                  | Majority of 
 votes cast  | No effect   | No effect |

| ● | Proposal 1: Election of directors.  Our Bylaws provide that a nominee for director in an uncontested election will be elected to our Board if the number of votes cast for the nominee’s election exceed the number of votes cast against his or her election. If a nominee does not receive the required votes for election at our Annual Meeting, our Board, with the assistance of our Nominating and Corporate Governance Committee, will consider whether to accept the director’s offer of resignation, which is required to be tendered under our Corporate Governance Guidelines. Our Board will publicly disclose its decision regarding the resignation and the basis for its decision within 90 days after election results are certified. |

| ● | Other proposals. Approval of Proposal 2 requires that the votes cast in favor of such proposal exceed the votes cast against the proposal. Because the say-on-pay vote (Proposal 2) is advisory, it will not be binding on the Company or our Board of Directors. |

What happens if the Annual Meeting is adjourned or postponed?

Your proxy will still be effective and will be voted at the rescheduled meeting in the same manner