Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Effective December 18, 2019, the Board of Directors of Kentucky
Bancshares, Inc. (the "Company") appointed Shannon Bishop Arvin to serve as a
director, with a term expiring at the Company's Annual Meeting of Shareholders
for the year 2020. There are no agreements or understandings between Mrs. Arvin
and any other person pursuant to which she was appointed to the Board. Neither
Mrs. Arvin nor her immediate family has been a party to any transaction required
to be disclosed under Item 404(a) of Regulation S-K.
In connection with Mrs. Arvin's appointment to and service on the Board
and consistent with the compensation arrangements for non-employee directors as
further described under the heading "Director Compensation" in the Company's
2019 Proxy Statement filed with the United States Securities and Exchange
Commission on April 15, 2019, Mrs. Arvin will receive annual cash compensation
and equity-based compensation for her service on the Board. The value of the
cash compensation and equity award will be adjusted to reflect pro ration for
the period between December 18, 2019 and the 2020 Annual Meeting of
Shareholders.
Mrs. Arvin has also been appointed to the Board of Directors of the Bank
effective December 18, 2019.
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KENTUCKY BANCSHARES, INC. 
