Southern Missouri Bancorp’s chief financial officer, Stefan Chkautovich, is leaving the company on Nov. 7 to pursue another opportunity. President and Chief Administrative Officer Matthew T. Funke, who previously served as CFO from 2006 to 2022, will take over as the company’s principal financial officer.
At its annual meeting, shareholders also re-elected three directors, approved the company’s executive pay in a non-binding vote and ratified its auditor for the coming fiscal year.
Financial leadership
- Chkautovich, who has served as CFO of Southern Missouri Bancorp and its bank subsidiary since August 2023, submitted his resignation on Oct. 26. It takes effect Nov. 7.
- Funke will become the company’s principal financial officer when Chkautovich’s resignation takes effect. Funke remains president and chief administrative officer; he previously held the CFO role for 16 years.
- The company and Funke did not make any new compensation arrangements in connection with the appointment.
Shareholder meeting
- Shareholders representing 8.67 million shares, or 78.73% of the shares outstanding on the meeting’s record date, participated in the Oct. 26 annual meeting.
- Rebecca M. Brooks, David L. McClain and Mary Jane Judy were each elected to three-year director terms ending in 2029. Each received a majority of votes cast in favor, with support ranging from about 96% to 99%.
- Shareholders approved the advisory vote on executive compensation, with 7.37 million votes in favor and 120,332 against.
- Shareholders ratified FORVIS Mazars as the company’s independent auditor for the fiscal year ending June 30, 2027. The proposal received 8.53 million votes in favor and 134,107 against.
What changes
The principal financial officer role will pass to a longtime company executive with substantial prior CFO experience. The other announced outcomes—director re-elections, the pay vote and auditor ratification—were approved at the annual meeting.