Limestone Bancorp, Inc. Holds Annual Meeting of Shareholders
20 May 2021 - 6:05AM
Business Wire
Shareholders Elect Eight Directors
Limestone Bancorp, Inc. (NASDAQ: LMST), parent company of
Limestone Bank, announced today that its shareholders elected eight
directors, approved a non-binding advisory vote on the compensation
of the Company’s named executives, approved a non-binding advisory
vote to conduct future votes on executive compensation annually,
approved an amendment to the Articles of Incorporation to extend
certain restrictions on share transfer designed to protect the
long-term value of accumulated tax benefits, and approved a
proposal to ratify the appointment of the Company’s independent
registered public accounting firm.
At the meeting, shareholders elected the following as directors
to serve for a one-year term:
- W. Glenn Hogan – Chairman of Limestone Bancorp, Inc. and CEO of
Hogan Real Estate, a full service commercial real estate
development company headquartered in Louisville, KY
- Celia P. Catlett – Previously served as the General Counsel of
Texas Roadhouse, Inc., a Nasdaq listed company headquartered in
Louisville, KY which operates casual dining restaurants in the
United States and internationally
- Kevin J. Kooman – a partner with Patriot Financial Partners,
L.P., a private equity fund focused on investing in community
banks, thrifts and other financial service related companies
- Michael T. Levy – President of Muirfield Insurance LLC of
Kentucky, a Lexington, KY based insurance brokerage firm
- James M. Parsons – Chief Financial Officer of Ball Homes, LLC,
a residential real estate development firm headquartered in
Lexington, KY
- Bradford T. Ray – Retired Chairman and CEO of Steel
Technologies, Inc., a steel processor
- Dr. Edmond J. Seifried – Principal of S&B West LLC, a
community bank consulting center in Easton, Pennsylvania, and
Professor Emeritus at Lafayette College in Easton,
Pennsylvania
- John T. Taylor – President and CEO of Limestone Bancorp, and
President, CEO and Chairman of Limestone Bank
As approved by shareholders at the meeting, the Company will
continue to conduct the non-binding advisory vote on executive
compensation on an annual basis.
About Limestone Bancorp, Inc. Limestone Bancorp, Inc.
(NASDAQ: LMST) is a Louisville, Kentucky-based bank holding company
which operates banking centers in 14 counties through its
wholly-owned subsidiary Limestone Bank. The Bank’s markets include
metropolitan Louisville in Jefferson County and the surrounding
counties of Bullitt and Henry and extend south along the Interstate
65 corridor. The Bank serves south central, southern, and western
Kentucky from banking centers in Barren, Butler, Daviess, Edmonson,
Green, Hardin, Hart, Ohio, and Warren counties. The Bank also has
banking centers in Lexington, Kentucky, the second largest city in
the state, and Frankfort, Kentucky, the state capital. Limestone
Bank is a traditional community bank with a wide range of personal
and business banking products and services.
Forward-Looking Statements Statements in this press
release relating to Limestone Bancorp’s plans, objectives,
expectations or future performance are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The words “believe,” “may,” “should,” “anticipate,”
“estimate,” “expect,” “intend,” “objective,” “possible,” “seek,”
“plan,” “strive” or similar words, or negatives of these words,
identify forward-looking statements that involve risks and
uncertainties. Although the Company's management believes the
assumptions underlying the forward-looking statements contained
herein are reasonable, any of these assumptions could be
inaccurate. Therefore, there can be no assurance the
forward-looking statements included herein will prove to be
accurate. Factors that could cause actual results to differ from
those discussed in forward-looking statements include, but are not
limited to: the impact and duration of the COVID-19 pandemic and
national, state and local emergency conditions the pandemic has
produced; economic conditions both generally and more specifically
in the markets in which the Company and its subsidiaries operate;
competition for the Company's customers from other providers of
financial services; government legislation, regulation, fiscal, and
monetary policies, which change from time to time and over which
the Company has no control; changes in interest rates; material
unforeseen changes in liquidity, results of operations, or
financial condition of the Company's customers; and other risks
detailed in the Company's filings with the Securities and Exchange
Commission, all of which are difficult to predict and many of which
are beyond the control of the Company. See Risk Factors outlined in
the Company's Form 10-K for the year ended December 31, 2020 and
Form 10-Q for the quarter ended March 31, 2021.
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John T. Taylor Chief Executive Officer (502) 499-4800
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