HomeTrust Bancshares Announces Board and Officer Changes
Ticker: HTB · Form: 8-K · Filed: May 21, 2024 · CIK: 1538263
Sentiment: neutral
Topics: leadership-change, governance, officer-appointment
Related Tickers: HTBI
TL;DR
HTBI board shakeup & exec appointments filed. Big changes coming?
AI Summary
HomeTrust Bancshares, Inc. announced on May 20, 2024, changes in its board of directors and executive officers. Specifically, the company elected new directors and appointed new officers, alongside detailing compensatory arrangements for certain executives. The filing also covers the submission of matters to a vote of security holders.
Why It Matters
Changes in board composition and executive appointments can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and board composition can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- HomeTrust Bancshares, Inc. (company) — Registrant
- May 20, 2024 (date) — Date of earliest event reported
- 10 Woodfin Street, Asheville, North Carolina 28801 (address) — Principal executive offices
FAQ
Who are the newly elected directors and appointed officers?
The filing indicates the election of new directors and appointment of certain officers, but specific names are not detailed in the provided text.
What specific matters were submitted to a vote of security holders?
The filing states that matters were submitted to a vote of security holders, but the nature of these matters is not specified in the provided text.
What are the details of the compensatory arrangements for certain officers?
The filing mentions compensatory arrangements for certain officers, but the specific details of these arrangements are not included in the provided text.
When was HomeTrust Bancshares, Inc. incorporated?
HomeTrust Bancshares, Inc. was incorporated in Maryland.
What is the IRS Employer Identification Number for HomeTrust Bancshares, Inc.?
The IRS Employer Identification Number for HomeTrust Bancshares, Inc. is 45-5055422.
Filing Stats: 731 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-05-21 08:30:20
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share HTBI The NASDAQ Stock Market
Filing Documents
- htbi-20240520.htm (8-K) — 52KB
- 0001538263-24-000045.txt ( ) — 175KB
- htbi-20240520.xsd (EX-101.SCH) — 2KB
- htbi-20240520_lab.xml (EX-101.LAB) — 21KB
- htbi-20240520_pre.xml (EX-101.PRE) — 12KB
- htbi-20240520_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders The voting results of the Annual Meeting were as follows: Proposal 1: Election of six directors: Nominee Votes For Votes Withheld Broker Non-Votes Jesse J. Cureton, Jr. 13,086,014 401,378 2,075,773 Bonnie V. Hancock 13,112,382 375,010 2,075,773 Dwight L. Jacobs 13,049,915 437,477 2,075,773 John A. Switzer 13,069,074 418,318 2,075,773 C. Hunter Westbrook 13,050,867 436,525 2,075,773 Richard T. Williams 12,728,428 758,964 2,075,773 The Company's directors are elected by a plurality of the votes cast. Accordingly, each of the individuals named above was elected to the term for which they were nominated (a three-year term in the case of Ms. Hancock and Messrs. Switzer, Westbrook and Williams and a two-year term in the case of Messrs. Cureton and Jacobs). Proposal 2: Advisory (non-binding) vote on executive compensation: Votes For Votes Against Abstentions Broker Non-Votes 12,899,834 452,123 135,435 2,075,773 The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved. Proposal 3: An advisory (non-binding) vote on the frequency of future advisory votes on executive compensation: 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 11,897,413 153,017 1,270,365 166,597 2,075,773 In light of the results of the vote on this item, the Company has determined that it will hold an advisory vote on executive compensation every year until the next required vote on the frequency of advisory votes on executive compensation. Proposal 4: Ratification of the appointment of FORVIS, LLP as the Company's independent auditors for the fiscal year ending December 31, 2024: Votes For Votes Against Abstentions Broker Non-Votes 15,213,951 226,581 122,633 0 The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved.