0001157523-16-006923.txt : 20161020 0001157523-16-006923.hdr.sgml : 20161020 20161020094316 ACCESSION NUMBER: 0001157523-16-006923 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20161018 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20161020 DATE AS OF CHANGE: 20161020 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: 161943701 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 a51442938.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): October 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 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On October 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 election of Donna L. Heitzman, CPA, CFA, to the Company's and Bank's Boards of Directors.

Heitzman, 64, was also appointed to serve on the Audit Committee of Bancorp and the Bank's Trust Committee. Her annual compensation as a Board member will be in accordance with guidelines set forth in the Company's proxy statement dated March 25, 2016. As a new member of the Board, she was granted the customary Stock Appreciation Rights for 1,000 shares of common stock. This grant has a ten-year term, will vest at the rate of 20% per year, and has a strike price of 100% of the closing market price of the Company's common stock on the grant date. She may receive additional stock options and/or grants in the future as approved by the Board of Directors. As with the Company's other directors, Heitzman will execute an indemnification agreement between herself, Stock Yards Bank & Trust Company, and Stock Yards Bancorp, Inc.

There are no understandings or arrangements with any person regarding Heitzman's election to the Board, and there are no family relationships between her and any other officer or director of the Company. Stock Yards Bank & Trust Company has had and expects to have in the future, banking transactions in the ordinary course of business with directors and officers of Stock Yards Bancorp, and the Bank, their associates and corporations with which they are connected. Any lending transactions with Ms. Heitzman in the future will be made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with persons not related to the Bank or Stock Yards Bancorp.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

D.	Exhibits

	99.1	Press Release dated October 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:	October 20, 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 a51442938ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Stock Yards Bancorp Names Donna L. Heitzman to the Boards of Directors of the Company and Stock Yards Bank & Trust

LOUISVILLE, Ky.--(BUSINESS WIRE)--October 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 Donna L. Heitzman, CPA, CFA, has joined the Boards of Directors for both the Company and the Bank. The addition of Heitzman (no relation to CEO David Heintzman) expands both Boards to 11 directors.

Commenting on the announcement, David Heintzman, Chairman and Chief Executive Officer, said, "We are fortunate to have someone with Donna's knowledge and deep understanding of capital markets, finance and accounting join our Boards. Her expertise in the institutional credit markets and experience with investment strategies, coupled with her knowledge gained through extensive research of funds for client capital allocation, will add a unique financial perspective to the work of our Boards. In addition, as a native of Louisville, her understanding of the region's business environment will be valuable to our Boards."

Heitzman, most recently a portfolio manager for New York City-based KKR Prisma Capital, joined the company in 2004 to help construct and manage customized portfolios. Founded in 2004, Prisma Capital was acquired by KKR & Co. LP in 2012. With a focus on credit markets, Heitzman specialized in event, credit and distressed fund strategies and was responsible for manager research and selection across these strategies. As a member of the senior investment team, she was actively involved in the firm's investment process, including strategic allocation, portfolio management and performance monitoring.

Before joining KKR Prisma, Heitzman served for 18 years at AEGON USA, previously Providian Capital. As a portfolio manager in capital market strategies, she facilitated significant growth and broad diversification of a $1 billion fund portfolio. Prior to this role, she was responsible for fixed income credit research and private placement production. Heitzman began her career at Coopers and Lybrand (later becoming Price Waterhouse Coopers). Heitzman received a B.S. in Commerce, with high honors, from the University of Louisville. She is also a CFA Charterholder, a Certified Public Accountant, and was named in 2010 to The Hedge Fund Journal annual listing of "50 Leading Women in Hedge Funds."

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $2.9 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. For more information about Stock Yards Bancorp, visit the Company's website at www.syb.com.

CONTACT:
Stock Yards Bancorp, Inc.
Nancy B. Davis, 502-625-9176
Executive Vice President,
Treasurer and Chief Financial Officer