HomeTrust Bancshares Announces Board and Officer Changes

TL;DR

HTBI board shakeup, new execs appointed, effective Feb 10.

AI Summary

HomeTrust Bancshares, Inc. announced on February 10, 2025, changes in its board and officer appointments. The filing details the departure of certain directors and officers, the election of new directors, and updates regarding compensatory arrangements for key executives. These changes are effective as of February 10, 2025.

Why It Matters

Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting future performance and investor confidence.

Risk Assessment

Risk Level: medium — Changes in leadership and officer compensation can introduce uncertainty regarding future strategy and financial performance.

Key Players & Entities

• HomeTrust Bancshares, Inc. (company) — Registrant
• February 10, 2025 (date) — Date of earliest event reported
• February 13, 2025 (date) — Filing date

FAQ

Key Financial Figures

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

Filing Documents

• htbi-20250210.htm (8-K) — 26KB
• 0001538263-25-000020.txt ( ) — 147KB
• htbi-20250210.xsd (EX-101.SCH) — 2KB
• htbi-20250210_lab.xml (EX-101.LAB) — 21KB
• htbi-20250210_pre.xml (EX-101.PRE) — 12KB
• htbi-20250210_htm.xml (XML) — 3KB

From the Filing

htbi-20250210 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 10, 2025 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 10, 2025, the Compensation and Human Capital Committee of the Board of Directors of HomeTrust Bancshares, Inc. (the "Company") approved, for the year ending December 31, 2025, 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, 2025, 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, 40% of annual base salary; Megan Pelletier, Executive Vice President, Chief Operations and People Officer, 30% of annual base salary; Kristin Y. Powell, Executive Vice President and Consumer and Business Banking Group Executive, 40% of annual base salary; and John F. Sprink, II, Executive Vice President, Commercial Banking Group Executive, 40% of annual base salary. The Plan performance measures and weightings will be as follows for Mr. Westbrook, Mr. VunCannon and Ms. Pelletier: adjusted pretax, pre-provision income (100% weighting). The Plan performance measures and weightings will be as follows for Ms. Powell and Mr. Sprink: adjusted pretax, pre-provision income (50% weighting); and division profitability (50% weighting). 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 13, 2025 By: /s/ Tony J. VunCannon Tony J. VunCannon Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer 2

View Full Filing

View this 8-K filing on SEC EDGAR