Southern Missouri Bancorp (SMBC) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for October 20, 2025, at the company’s headquarters in Poplar Bluff, Missouri.

• Shareholders will vote on the election of four directors, an advisory say-on-pay vote, and ratification of the independent auditor.

• Shareholders of record as of August 29, 2025, are eligible to vote, with 11,290,667 shares outstanding.

• Proxy materials are available online, and shareholders can vote by mail, phone, internet, or in person.

Voting matters and shareholder proposals

• Proposal I: Election of four directors (three for three-year terms, one for a two-year term).

• Proposal II: Advisory (non-binding) vote on executive compensation.

• Proposal III: Ratification of Forvis Mazars, LLP as independent auditors for fiscal year ending June 30, 2026.

• No other business is expected, but proxies may vote on other matters if they arise.

• Shareholder proposals for the next annual meeting must be received by May 22, 2026, for inclusion in proxy materials.

Board of directors and corporate governance

• The board consists of 11 members, with staggered terms and annual elections for one class.

• Majority of directors are independent as defined by NASDAQ rules.

• Board diversity is emphasized in director selection, considering experience, race, ethnicity, and gender.

• Board committees include Audit, Compensation, and Nominating, each with defined charters and independent members.

• Directors are compensated with cash and stock-based awards; retirement agreements exist for most non-employee directors.