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HOMETRUST BANCSHARES, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On September 26, 2014, the Compensation Committee of the Board of Directors of HomeTrust Bancshares, Inc. (the "Company") approved, for the fiscal year ending June 30, 2015, targeted incentive award opportunities and performance measures and weightings under the Company's Strategic Operating Committee Incentive Program (the "SOC Incentive Program"). For fiscal 2015, 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, Chairman, President and Chief Executive Officer, 55% of annual base salary; C. Hunter Westbrook, Senior Vice President and Chief Banking Officer, 40% of annual base salary; Tony J. VunCannon, Senior Vice President and Chief Financial Officer, 30% of annual base salary; Howard L. Sellinger, 30% of annual base salary; and Teresa White, Senior Vice President and Chief Administration Officer, 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 for fiscal 2015. 2 |