HomeTrust Bancshares Files 8-K on Officer/Director Changes

TL;DR

**HomeTrust Bancshares just filed an 8-K about changes to its executive team or board, and possibly their pay.**

AI Summary

HomeTrust Bancshares, Inc. filed an 8-K on February 20, 2024, reporting an event that occurred on February 15, 2024. The filing pertains to Item 5.02, which covers the departure or election of directors or certain officers and compensatory arrangements for certain officers. The company, based in Asheville, North Carolina, operates as a federally chartered savings institution.

Why It Matters

This filing signals potential changes in leadership or executive compensation at HomeTrust Bancshares, which could impact the company's strategic direction and financial performance.

Risk Assessment

Risk Level: medium — Changes in executive leadership or compensation can introduce uncertainty regarding future company performance and strategy.

Key Numbers

• 2024-02-15 — Date of Earliest Event (The date the reported event occurred.)
• 2024-02-20 — Filing Date (The date the 8-K was filed with the SEC.)
• 001-35593 — Commission File Number (Unique identifier for the registrant's SEC filings.)

Key Players & Entities

• HomeTrust Bancshares, Inc. (company) — registrant
• Maryland (company) — state of incorporation
• Asheville (company) — city of principal executive offices
• North Carolina (company) — state of principal executive offices
• February 15, 2024 (date) — date of earliest event reported
• February 20, 2024 (date) — filing date
• 001-35593 (dollar_amount) — Commission File Number
• 45-5055422 (dollar_amount) — IRS Employer Identification No.
• 828-259-3939 (dollar_amount) — registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share HTBI The NASDAQ Stock Market

Filing Documents

• htbi-20240215.htm (8-K) — 27KB
• 0001538263-24-000027.txt ( ) — 150KB
• htbi-20240215.xsd (EX-101.SCH) — 2KB
• htbi-20240215_lab.xml (EX-101.LAB) — 23KB
• htbi-20240215_pre.xml (EX-101.PRE) — 12KB
• htbi-20240215_htm.xml (XML) — 3KB

From the Filing

htbi-20240215 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 15, 2024 HOMETRUST BANCSHARES, INC. (Exact name of registrant as specified in its charter) Maryland 001-35593 45-5055422 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 10 Woodfin Street , Asheville , North Carolina 28801 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (828) 259-3939 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities Registered Pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.01 per share HTBI The NASDAQ Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 15, 2024, the Compensation Committee of the Board of Directors of HomeTrust Bancshares, Inc. (the "Company") approved, for the year ending December 31, 2024, targeted incentive award opportunities and performance measures and weightings under the Company's Senior Leadership Incentive Plan (the "Plan"). For the year ending December 31, 2024, 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: C. Hunter Westbrook, President and Chief Executive Officer, 50% of annual base salary; Tony J. VunCannon, Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer, 30% of annual base salary; Kristin Y. Powell, Executive Vice President and Consumer and Business Banking Group Executive, 40% of annual base salary; John F. Sprink, II, Executive Vice President, Commercial Banking Group Executive, 40% of annual base salary; and Keith J. Houghton, Executive Vice President and Chief Credit Officer, 30% of annual base salary. The Plan performance measures and weightings will be as follows for Messrs. Westbrook, VunCannon and Houghton: pretax, pre-provision income (75% weighting); efficiency ratio (25% weighting). The Plan performance measures and weightings will be as follows for Ms. Powell and Mr. Sprink: pretax, pre-provision income (50% weighting); efficiency ratio (25% weighting); division profitability (25% weighting). 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HOMETRUST BANCSHARES, INC. Date: February 20, 2024 By: /s/ Tony J. VunCannon Tony J. VunCannon Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer 3

View Full Filing

View this 8-K filing on SEC EDGAR