0001157523-13-005563.txt : 20131120 0001157523-13-005563.hdr.sgml : 20131120 20131120084221 ACCESSION NUMBER: 0001157523-13-005563 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131119 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131120 DATE AS OF CHANGE: 20131120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: S Y BANCORP INC CENTRAL INDEX KEY: 0000835324 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 611137529 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13661 FILM NUMBER: 131231730 BUSINESS ADDRESS: STREET 1: 1040 E MAIN ST CITY: LOUISVILLE STATE: KY ZIP: 40206 BUSINESS PHONE: 5025822571 MAIL ADDRESS: STREET 1: 1040 EAST MAIN STREET CITY: LOUISVILLE STATE: KY ZIP: 40206 8-K 1 a50754544.htm S.Y. BANCORP, INC 8-K

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): November 19, 2013

S.Y. BANCORP, INC.
(Exact name of registrant as specified in its charter)

Kentucky

1-13661

61-1137529

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(I.R.S. Employer

Identification No.)

1040 East Main Street, Louisville, Kentucky, 40206

(Address of principal executive offices)

(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))

ITEM 8.01. OTHER EVENTS.

On November 19, 2013, the Board of Directors of S.Y. Bancorp, Inc. voted to increase the Company's quarterly cash dividend rate 5% to $0.21 per common share. The new rate will go into effect with the next payment on December 31, 2013, to stockholders of record as of December 9, 2013. On November 20, 2013, S.Y. 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.

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.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

	D.	Exhibits

		99.1 Press Release dated November 20, 2013

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:	November 20, 2013	S.Y. BANCORP, INC.

		By:	/s/ Nancy B. Davis
			Nancy B. Davis, Executive Vice
			President, Treasurer and Chief
			Financial Officer

EX-99.1 2 a50754544ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

S.Y. Bancorp Raises Its Quarterly Cash Dividend 5% to $0.21 Per Share, Marking the Fourth Increase in the Past Three Years

Company Also Announces Upcoming Quarterly Distribution on Its Trust Preferred Securities

LOUISVILLE, Ky.--(BUSINESS WIRE)--November 20, 2013--S.Y. 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 $0.21 per common share from the previous rate of $0.20 per common share. The new rate will go into effect with the next payment on December 31, 2013, to stockholders of record as of December 9, 2013.

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 fourth such increase in the past three years and represents a cumulative increase in our dividend payments of almost 24% during that time. We also are pleased to note that, because of the Company's strong capital position and earnings growth, S.Y. Bancorp has never reduced or suspended dividend payments since cash dividend payments were first initiated."

Separately, and as previously announced, the Company intends to redeem the 10% fixed-rate cumulative trust preferred securities issued by S.Y. Bancorp Capital Trust II on December 31, 2013. In connection with the redemption, security holders will receive the final normal quarterly distribution of $0.25 on each $10 preferred security owned.

Louisville, Kentucky-based S.Y. Bancorp, Inc., with $2.29 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:
S.Y. Bancorp, Inc.
Nancy B. Davis, 502-625-9176
Executive Vice President,
Treasurer and Chief Financial Officer