0001157523-16-005658.txt : 20160518 0001157523-16-005658.hdr.sgml : 20160518 20160518084852 ACCESSION NUMBER: 0001157523-16-005658 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160518 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160518 DATE AS OF CHANGE: 20160518 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Stock Yards 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: 161659497 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 FORMER COMPANY: FORMER CONFORMED NAME: S Y BANCORP INC DATE OF NAME CHANGE: 19920703 8-K 1 a51344657.htm STOCK YARDS 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): May 18, 2016

STOCK YARDS 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 May 17, 2016, the Board of Directors of Stock Yards Bancorp, Inc. voted to increase the Company's quarterly cash dividend to $0.18 per common share. The higher rate will be paid on July 1, 2016, to stockholders of record as of June 13, 2016, and accordingly, will apply to new shares distributed on May 27, 2016, pursuant to the Company's recently announced three-for-two stock split. On a split-adjusted basis, the new rate reflects an 8% increase in the Company's cash dividend compared with the previous rate and marks the seventh increase in the dividend over the past five years, for a cumulative increase of approximately 50% since 2011. On May 18, 2016, 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.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

D. Exhibits

99.1 Press Release dated May 18, 2016

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:	May 18, 2016	STOCK YARDS BANCORP, INC.

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

EX-99.1 2 a51344657ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Stock Yards Bancorp Raises Its Quarterly Cash Dividend 8% to $0.18 Per Share on a Split-Adjusted Basis

LOUISVILLE, Ky.--(BUSINESS WIRE)--May 18, 2016--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 increased the Company's quarterly cash dividend to $0.18 per common share. The higher rate will be paid on July 1, 2016, to stockholders of record as of June 13, 2016, and accordingly, will apply to new shares distributed on May 27, 2016, pursuant to the Company's recently announced three-for-two stock split. On a split-adjusted basis, the new rate reflects an 8% increase in the Company's cash dividend compared with the previous rate and marks the seventh increase in the dividend over the past five years, for a cumulative increase of approximately 50% since 2011.

Commenting on the announcement, David Heintzman, Chairman and Chief Executive Officer, said, "Last month, Stock Yards Bancorp reported a continuation of strong trends in its financial performance, including exceptional loan growth and solid credit quality that helped drive higher first quarter net income. In terms of lending activity, it was the best first quarter in the Bank's history. We are pleased that these solid results again position the Company to increase its dividend payments to stockholders and enable them to participate directly in our ongoing growth. While we expect that our stockholders value the consistent, long-term track record for growth we have achieved, we likewise believe they consider the regular, reliable and growing income associated with our stock to be equally important."

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $2.8 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