Current Report Filing (8-k)
May 21 2014 - 11:37AM
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 20, 2014
STOCK
YARDS BANCORP, INC.
(Exact
name of registrant as specified in its charter)
Kentucky
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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))
On May 20, 2014, the Board of Directors of Stock Yards Bancorp,
Inc. voted to increase the Company's quarterly cash dividend rate
5% to $0.22 per common share. The new rate will go into effect
with the next payment on July 1, 2014, to stockholders of record
as of June 9, 2014. On May 21, 2014, 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.
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The information in this Form 8-K and the attached Exhibits shall not
be deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933, except as shall be
expressly set forth by specific reference in such filing.
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ITEM 9.01.
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FINANCIAL STATEMENTS AND EXHIBITS.
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D.
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Exhibits
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99.1
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Press Release dated May 21, 2014
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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 21, 2014
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STOCK YARDS BANCORP, INC.
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By:
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/s/ Nancy B. Davis
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Nancy B. Davis, Executive Vice
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President, Treasurer and
Chief
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Financial
Officer
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Exhibit 99.1
Stock
Yards Bancorp Raises Its Quarterly Cash Dividend 5% to $0.22 Per Share,
Representing the Fifth Increase in the Past Four Years
LOUISVILLE, Ky.--(BUSINESS WIRE)--May 21, 2014--Stock Yards Bancorp,
Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company,
with offices in the Louisville, Indianapolis and Cincinnati metropolitan
markets, today announced that its Board of Directors has voted to
increase the Company's quarterly cash dividend 5% to $0.22 per common
share. The new rate will go into effect with the next payment on July 1,
2014, to stockholders of record as of June 9, 2014.
Commenting on the announcement, David Heintzman, Chairman and Chief
Executive Officer, said, "We are pleased to again raise our quarterly
dividend to stockholders, which marks the fifth increase in the past
four years and represents a cumulative increase in our dividend payments
of more than 29% since mid-2010. Considering our ongoing goal to
maximize returns for our stockholders, we are gratified that our strong
financial performance has positioned us to steadily raise our dividend
rate, enabling our stockholders to participate directly in the Company's
growth. In fact, because of the Company's strong capital position and
earnings growth, Stock Yards Bancorp has never reduced or suspended
dividend payments since cash dividend payments were first initiated."
Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $2.35 billion
in assets, was incorporated in 1988 as a bank holding company. It is the
parent company of Stock Yards Bank & Trust Company, which was
established in 1904. The Company's common shares trade on the NASDAQ
Global Select Market under the symbol SYBT.
CONTACT:
Stock Yards Bancorp, Inc.
Nancy B. Davis, 502-625-9176
Executive
Vice President, Treasurer and Chief Financial Officer
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