On January 27, 2021, Kentucky Bancshares, Inc. (the Company") entered into an Agreement and Plan of Merger, dated as of January 27, 2021 (the Merger Agreement"), with Stock Yards Bancorp, Inc., a Kentucky corporation (Stock Yards"), and H. Meyer Merger Subsidiary, Inc., a Kentucky corporation and a direct, wholly-owned subsidiary of Stock Yards (Merger Subsidiary"). This Current Report of Form 8-K is being filed in connection with the completion on May 31, 2021 of the transactions contemplated by the Merger Agreement. As of the Effective Time, Kentucky Bancshares, Inc.'s directors and executive officers ceased serving as directors and executive officers of the Company.