Southern Missouri Bancorp 2026 meeting, pay vote
SMBC’s 2026 proxy seeks director elections, a Say on Pay advisory vote, and auditor ratification while detailing executive pay, incentives, and governance practices.
Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
DEF 14A
Rhea-AI Filing Summary
Southern Missouri Bancorp, Inc. (SMBC) is asking shareholders to vote at its October 26, 2026 annual meeting on three items: (1) the election of three directors for three-year terms, (2) an advisory, non-binding “Say on Pay” vote on executive compensation, and (3) ratification of Forvis Mazars, LLP as independent auditors for the fiscal year ending June 30, 2027. The record date is September 4, 2026, with 11,013,279 common shares entitled to one vote each, subject to a 10% ownership voting limitation in the articles.
The proxy details board structure, committee composition, and independence, noting a majority of directors qualify as independent under Nasdaq rules. It outlines a pay program combining base salary, cash bonuses and equity awards under the 2017 and 2024 Omnibus Incentive Plans, plus change-in-control protections and retirement arrangements for certain executives and directors. For fiscal 2026, Chairman and CEO Greg A. Steffens received total compensation of $756,303, while all directors and executive officers as a group beneficially owned 1,621,767 shares, or 14.58% of outstanding common stock.
Positive
- None.
Negative
- None.
