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Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) announced Tuesday that its board of directors approved and adopted amended and restated bylaws, which became effective immediately. The changes were disclosed in a press release statement filed with the Securities and Exchange Commission.
Key amendments to the bylaws include revising the address of the company’s home office and changing the annual meeting of stockholders to the fourth Monday in October. The amendments also clarify that special meetings of stockholders can be called by a majority of the board, the chairman, chief executive officer, or president.
The updated bylaws expand the permissible methods for providing notice to include electronic transmission. They also clarify that special meetings of the board of directors may be held inside or outside Missouri, and allow directors to participate in board meetings by video conference or similar technology.
The amendments remove a previous restriction on compensation for telephonic attendance at board meetings. Notice of board meetings can now be sent using electronic communications, including email, replacing the previous reference to telegrams.
Other changes specify that the president serves as chief executive officer unless the board designates the chairman as CEO. The board, president, or CEO is now explicitly allowed to appoint additional officers as needed. The bylaws also authorize the use of facsimile signatures of officers if permitted by the board or a committee, and add a section regarding corporate records, officers, experts, or committee reports.
Southern Missouri Bancorp, Inc. is incorporated in Missouri and its common stock is traded on the NASDAQ Stock Market under the symbol SMBC. The information in this article is based on a press release statement filed with the SEC.
In other recent news, Southern Missouri Bancorp reported its first-quarter earnings for 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $1.38, exceeding the forecasted $1.31. Revenue also outperformed projections, reaching $48.99 million compared to the estimated $48.5 million. Additionally, Southern Missouri Bancorp held its 2025 Annual Meeting of shareholders in Poplar Bluff, Missouri. Shareholders representing 79.65% of the company’s outstanding common shares participated in the meeting. During the event, Charles R. Love was elected to a two-year term as director, while Daniel P. McCoy, Kenneth J. Bower, and Daniel L. Jones were each elected to three-year terms. These developments reflect significant shareholder engagement and financial performance for the company.
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