Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 21, 2021, the Compensation Committee of the Board of Directors of
HomeTrust Bancshares, Inc. (the "Company") approved, for the fiscal year ending
June 30, 2021, targeted incentive award opportunities and performance measures
and weightings under the Company's Strategic Operating Committee Incentive
Program (the "SOC Incentive Program"). For fiscal 2021, the targeted incentive
award opportunities for the following executive officers (each of whom was a
named executive officer in the Company's most recent annual meeting proxy
statement) were established: Dana L. Stonestreet, Chairman, President and Chief
Executive Officer, 55% of annual base salary; C. Hunter Westbrook, Senior
Executive Vice President and Chief Operating Officer, 40% of annual base salary;
Tony J. VunCannon, Executive Vice President, Chief Financial Officer, Corporate
Secretary and Treasurer, 30% of annual base salary; and Marty T. Caywood,
Executive Vice President and Chief Information Officer, 30% of annual base
salary. For Mr. Stonestreet, the SOC Incentive Program performance measures and
weightings will be as follows: pretax, pre-provision income (40% weighting);
noninterest income (20% weighting); efficiency ratio (10% weighting); total
loans, excluding purchased home equity lines of credit ("HELOCs") and Paycheck
Protection Program ("PPP") loans (10% weighting); and functional team goals (20%
weighting). For each of the other named executive officers, the SOC Incentive
Program performance measures and weightings will be as follows: pretax,
pre-provision income (35% weighting); noninterest income (20% weighting);
efficiency ratio (10% weighting); total loans, excluding purchased HELOCs and
PPP loans (10% weighting); and functional team goals (25% weighting).
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