Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
HTBI > SEC Filings for HTBI > Form 8-K on 27-Sep-2013All Recent SEC Filings

Show all filings for HOMETRUST BANCSHARES, INC.

Form 8-K for HOMETRUST BANCSHARES, INC.


27-Sep-2013

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On September 23, 2013, the Compensation Committee of the Board of Directors of HomeTrust Bancshares, Inc. (the "Company") approved, for the fiscal year ending June 30, 2014, targeted incentive award opportunities and performance measures and weightings under the Company's existing Strategic Operating Committee Incentive Program (the "SOC Incentive Program"). For fiscal 2014, the targeted incentive award opportunities for the following executive officers (each of whom was a named executive officer in the Company's last annual meeting proxy statement or is expected to be a named executive officer in the Company's upcoming annual meeting proxy statement) were established: Dana L. Stonestreet, President and co-Chief Executive Officer, 55% of annual base salary; C. Hunter Westbrook, Senior Vice President and Chief Banking Officer, 30% of annual base salary; Tony J. VunCannon, Senior Vice President and Chief Financial Officer, 30% of annual base salary; Charles I. Abbitt, Jr., Senior Vice President and Chief Credit Officer, 30% of annual base salary; and Howard L. Sellinger, 30% of annual base salary. For Mr. Stonestreet, the SOC Incentive Program performance measures and weightings will be as follows: net income (35% weighting); return on assets compared to peers (25% weighting); and subjective assessment by the Compensation Committee of Company performance (40% weighting). For each of the other participating named executive officers, the SOC Incentive Program performance measures and weightings will be as follows:
net income (21% weighting); return on assets compared to peers (15% weighting); subjective assessment by Compensation Committee of Company performance (24% weighting); and team/individual goals (40% weighting). Awards will be "cash awards" under the Company's 2013 Omnibus Incentive Plan (the "Omnibus Plan"), and will be funded and paid in accordance with the SOC Incentive Program if the Company has positive operating earnings (net income excluding expense associated with equity incentive awards under the Omnibus Plan) for fiscal 2014.

  Add HTBI to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for HTBI - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.