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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) April 17, 2025 (April 16, 2025)

 

SB FINANCIAL GROUP, INC

(Exact name of registrant as specified in its charter)

 

Ohio   001-36785   34-1395608
(State or other jurisdiction
of incorporation)
 

(Commission File Number)

 

(IRS Employer
Identification No.)

 

401 Clinton Street, Defiance, OH   43512
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (419) 783-8950

 

Not Applicable

(Former name or former address, if changed since last report.)

 

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 (see General Instruction A.2. below):

 

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 registererd
Common Shares, No Par Value 6,530,646 Outstanding at April 17, 2025   SBFG   The NASDAQ Stock Market, LLC (NASDAQ Capital Market)

 

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 5.07. Submission of Matters to a vote of Security Holders.

 

The 2025 Annual Meeting of Shareholders (the “Annual Meeting”) of SB Financial Group, Inc. (“SB Financial”) was held on April 16, 2025, in Defiance, Ohio. At the close of business on the record date for the Annual Meeting (February 21, 2025), a total of 6,534,918 SB Financial common shares were outstanding and entitled to vote. A total of 4,843,547, or 74.11% of the outstanding common shares outstanding and entitled to vote, were represented in person or by proxy at the Annual Meeting. Provided below are the final voting results for the Annual Meeting. 

 

Proposal No. 1:

 

The following directors were elected at the Annual Meeting for three-year terms expiring in 2028:

 

   Number of Votes 
   For   Withheld   Broker
Non-Votes
 
Richard L. Hardgrove   3,085,577    702,952    1,055,018 
Mark A. Klein   3,612,921    175,608    1,055,018 
William G. Martin   3,173,000    615,529    1,055,018 

 

Proposal No. 2:

 

Shareholders holding a majority of the SB Financial common shares represented in person or by proxy at the Annual Meeting approved Proposal No. 2, to ratify the appointment of FORVIS, LLP as the independent registered public accounting firm of SB Financial Group for the fiscal year ending December 31, 2025:

 

Number of Votes

 

For  Against  Broker Non-Votes  Abstain
4,771,066  47,431  N/A  25,050

 

Proposal No. 3:

 

Shareholders holding a majority of the SB Financial common shares represented in person or by proxy at the Annual Meeting approved Proposal No. 3, to consider and vote upon a non-binding advisory resolution to approve the compensation of SB Financial’s named executive officers:

 

Number of Votes

 

For  Against  Broker Non-Votes  Abstain
3,475,505  157,198  1,055,018  155,826

 

Proposal No. 4:

 

Shareholders holding a majority of the SB Financial common shares represented in person or by proxy at the Annual Meeting approved Proposal No. 4, to vote upon the frequency of future advisory votes on compensation of our named executive officers.

 

Number of Votes

 

1 Year  2 Years  3 Years  Abstain
3,410,278  9,198  209,929  159,124

 

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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.

 

  SB FINANCIAL GROUP, INC.
   
Dated: April 17, 2025 By:  /s/ Anthony V. Cosentino
    Anthony V. Cosentino
Chief Financial Officer

 

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