Current Report Filing (8-k)
May 22 2019 - 7:09AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE
ACT OF 1934
Date of
Report (date of earliest event reported): May 21, 2019
STOCK
YARDS BANCORP, INC.
(Exact
name of registrant as specified in its charter)
Kentucky
|
1-13661
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61-1137529
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(State or other jurisdiction of
incorporation or organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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1040 East Main Street, Louisville, Kentucky, 40206
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(Address of principal executive offices)
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(502) 582-2571
(Registrant’s
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Common stock, no par value per share
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SYBT
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The NASDAQ Stock Market, LLC
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging growth company
⃞
|
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act.
⃞
ITEM 8.01. OTHER EVENTS.
On May 21, 2019, the Board of Directors of Stock Yards Bancorp, Inc.
voted to increase the Company's quarterly cash dividend to $0.26 per
common share. The higher rate will be paid on July 1, 2019, to
stockholders of record as of June 17, 2019. In addition, the Board of
Directors authorized a new stock repurchase program of one million
shares or approximately 4% of the Company's total common shares
outstanding. Stock repurchases are expected to be made from time to time
on the open market or in privately negotiated transactions, subject to
applicable securities law. 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 prior to the plan's expiration. On May 22, 2019, Stock Yards
Bancorp, Inc. issued a press release, a copy of which is attached hereto
as Exhibit 99.1 and incorporated by reference, announcing the dividend
increase and the new stock repurchase program.
SIGNATURE
Pursuant to
the requirements of the Securities Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date:
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May 22, 2019
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STOCK YARDS BANCORP, INC.
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|
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By:
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/s/ T. Clay Stinnett
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|
|
|
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T. Clay Stinnett, Executive Vice
President, Treasurer and Chief
Financial
Officer
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