Form 8-K Stock Yards Bancorp, For: Nov 18
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 18, 2015
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 November 17, 2015, the Board of Directors of Stock Yards Bancorp, Inc. voted to increase the Company's quarterly cash dividend $0.01 or approximately 4% to $0.25 per common share. The new rate will go into effect with the next payment on December 31, 2015, to stockholders of record as of December 14, 2015. On November 18, 2015, 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. |
|
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 18, 2015 |
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 18, 2015 |
STOCK YARDS BANCORP, INC. |
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By: |
/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 |
Exhibit 99.1
Stock Yards Bancorp Raises Its Quarterly Cash Dividend to $0.25 Per Share, Marking the Second Increase in 2015 and the Eighth in Five Years
LOUISVILLE, Ky.--(BUSINESS WIRE)--November 18, 2015--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 $0.01 or 4% to $0.25 per common share. The new rate will go into effect with the next payment on December 31, 2015, to stockholders of record as of December 14, 2015. This represents the second time the Company has raised its dividend during 2015, reflecting a cumulative increase of approximately 9% in the dividend rate over the past year.
Commenting on the announcement, David Heintzman, Chairman and Chief Executive Officer, said, "Our Company's strong loan growth and financial performance continues to position Stock Yards Bancorp to steadily increase its dividend payments to stockholders, enabling them to participate directly in our ongoing growth. As we strive to maintain a strong capital base in support of expansion opportunities, we know that our stockholders place high value on a regular, reliable and growing cash payout. With today's announced increase, the eighth since 2010, our dividend payments have increased more than 47% cumulatively over the past five years."
Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $2.6 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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