SYBT Names David L. Hardy; Audit and Trust Committee Roles Expected

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. announced that on August 19, 2025 its board appointed David L. Hardy, age 60, to fill the vacancy created by the retirement of David Heintzman. The appointment becomes effective at the start of the board's next regularly scheduled meeting on October 21, 2025. Upon appointment, Mr. Hardy is expected to serve on the Company’s audit committee and, simultaneously, as a director of Stock Yards Bank & Trust Company, where he is expected to serve on the Bank’s trust committee. Mr. Hardy has been Managing Director for CBRE’s Kentucky operations since 2005 and has advised Louisville office property clients since 1988. There are no arrangements or reportable transactions related to his selection, and his cash and stock compensation will follow the Company’s existing non-employee director plan described in the proxy statement filed March 12, 2025.

Insights

Financial Analyst

TL;DR: Board filled a vacancy with an experienced local commercial real estate executive; no disclosed related-party transactions.

The appointment replaces a retiring director and adds David L. Hardy, who brings extensive local commercial real estate experience dating to 1988 and leadership at CBRE since 2005. The filing states he is expected to join the audit committee at the holding-company level and the trust committee at the bank, suggesting oversight roles in financial reporting and fiduciary matters. Compensation will follow existing non-employee director practices and no related-party transactions or special arrangements were disclosed.

Corporate Governance Expert

TL;DR: Governance update is routine: vacancy filled, committee assignments noted, disclosures align with standard 8-K requirements.

The disclosure provides required information about the director appointment, committee assignments, absence of special arrangements, and reference to standard director compensation in the proxy. It conforms to Item 5.02 reporting norms by noting the triggering event (retirement) and the effective date of appointment. No governance red flags or material related-party issues are identified within the filing.

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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): August 19, 2025

STOCK YARDS BANCORP, INC.

(Exact name of registrant as specified in its charter)

Kentucky	001-13661	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))

Securities registered pursuant to Section 12(b) of the Act:  

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, no par value	SYBT	The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)  On August 19, 2025, the Board of Directors (the “Board”) of Stock Yards Bancorp, Inc. (the “Company”), appointed David L. Hardy, age 60, to fill the vacancy on the Board created by the retirement of David Heintzman.  Mr. Hardy’s appointment is effective upon the commencement of the Board’s next regularly scheduled meeting on October 21, 2025.  Upon the effectiveness of his appointment, Mr. Hardy is expected to serve on the Board’s audit committee.  Effective simultaneously with this appointment, Mr. Hardy will serve as a director of Stock Yards Bank & Trust Company (the “Bank”), the Company’s principal banking subsidiary.  Mr. Hardy is expected to serve on the Bank’s trust committee.

Mr. Hardy has been the Managing Director for CBRE’s Kentucky operations since 2005 while also serving as a producer and team leader for the office properties division. CBRE is the global leader in the commercial real estate industry. Mr. Hardy has been advising clients in the Louisville market with a focus on office building owners and tenants since 1988.

There are no arrangements or understandings with any person pursuant to which Mr. Hardy has been selected to serve as a director of the Company and the Bank. There have been no transactions directly or indirectly involving Mr. Hardy that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K of the Securities and Exchange Commission.

Mr. Hardy will receive cash and stock compensation in the same manner as all of the other non-employee directors of the Board as described in the Company’s most recent proxy statement, filed with the Securities and Exchange Commission on March 12, 2025.

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 hereunto duly authorized.

	STOCK YARDS BANCORP, INC.
Dated: August 25, 2025	By:	/s/ T. Clay Stinnett T. Clay Stinnett, Executive Vice President, Treasurer and Chief Financial Officer

FAQ

Who was appointed to the Board of Stock Yards Bancorp (SYBT)?

David L. Hardy, age 60, was appointed to the Board to fill the vacancy created by David Heintzman's retirement.

When does David L. Hardy’s appointment become effective?

The appointment is effective upon the commencement of the Board's next regularly scheduled meeting on October 21, 2025.

What roles will Mr. Hardy hold at the Company and the Bank?

He is expected to serve on the Company’s audit committee and as a director of Stock Yards Bank & Trust Company, expected to serve on the Bank’s trust committee.

What is Mr. Hardy’s professional background?

He has been the Managing Director for CBRE’s Kentucky operations since 2005 and has advised Louisville office property clients since 1988.

Will Mr. Hardy receive special compensation for joining the Board?

No special arrangements were disclosed; he will receive cash and stock compensation in the same manner as other non-employee directors per the proxy filed March 12, 2025.