Southern Missouri Bancorp CFO Resigns Effective Nov. 7; President Funke Takes Principal Financial Officer Role
SMBC sits 40% above its 52-week low of $51.46.
Summary
CFO Stefan Chkautovich is leaving November 7, 2026, after roughly three years in the role. President Matthew Funke — CFO from 2006 to 2022 — takes over as principal financial officer. The same 8-K reports routine annual meeting results, including director elections and auditor ratification.
Updated with a Reuters report · What changed
Updates
· Reuters — Stefan Chkautovich resigned as CFO of Southern Missouri Bancorp effective November 7, 2026, and Matthew T. Funke was appointed principal financial officer.
Key Events · Executive and Board Changes · SMBC
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CFO Resigns Effective November 7
Stefan Chkautovich, EVP and CFO of the company and Southern Bank since August 31, 2023, resigned on October 26, 2026, to pursue another professional opportunity.
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Funke Named Principal Financial Officer
President and Chief Administrative Officer Matthew T. Funke, CFO from 2006 until 2022, was appointed principal financial officer; no compensatory arrangements were entered into or are anticipated.
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Directors Elected at Annual Meeting
Shareholders elected Rebecca M. Brooks, David L. McClain and Mary Jane Judy to three-year terms expiring in 2029, with 78.73% of shares outstanding represented at the October 26, 2026 meeting.
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Say-on-Pay and Auditors Approved
The advisory executive compensation vote passed 7,366,930 for versus 120,332 against, and FORVIS MAZARS, LLP was ratified as independent auditor for fiscal 2027 by 8,533,102 for to 134,107 against.
Analysis · SMBC · Finance
Why it matters: an unexpected CFO departure at a bank holding company draws investor scrutiny, all the more so with credit stress already in the story. Nonperforming assets jumped 41% to $33.5 million in fiscal 2026 on agricultural loan problems, per the September 10-K. The offset is continuity. Matthew Funke, who was CFO from 2006 to 2022 and is now President and Chief Administrative Officer, steps back into the principal financial officer seat with no new pay arrangement, keeping the finance function with a known quantity. The rest of the filing is routine annual meeting business: three directors elected to terms expiring 2029, Say-on-Pay approved, and FORVIS MAZARS ratified as auditors for fiscal 2027.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.7% of the 1581 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SMBC was trading at $71.84 on NASDAQ in the Finance sector, with a market capitalization of approximately $789.9M. The 52-week trading range was $51.46 to $79.86. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.