Home Bancshares Inc. Files Definitive Proxy Statement

Ticker: HOMB · Form: DEF 14A · Filed: Mar 1, 2024 · CIK: 1331520

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Home Bancshares, Executive Compensation, Shareholder Meeting

TL;DR

<b>Home Bancshares Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

HOME BANCSHARES INC (HOMB) filed a Proxy Statement (DEF 14A) with the SEC on March 1, 2024. Home Bancshares Inc. filed a Definitive Proxy Statement (DEF 14A) on March 1, 2024. The filing covers the fiscal year ending December 31, 2023. The company's IRS number is 710682831. Home Bancshares Inc. is incorporated in Arkansas (AR). The filing includes data related to executive compensation adjustments for pension values and equity awards granted from 2020 to 2023.

Why It Matters

For investors and stakeholders tracking HOME BANCSHARES INC, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, company performance, and voting matters for the upcoming annual meeting. Shareholders can review details on compensation adjustments, equity awards, and other financial metrics to make informed voting decisions.

Risk Assessment

Risk Level: low — HOME BANCSHARES INC shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard disclosure practices for a public company, with no immediate red flags.

Analyst Insight

Review the executive compensation details and any shareholder proposals to prepare for the upcoming annual meeting.

Key Numbers

Key Players & Entities

FAQ

When did HOME BANCSHARES INC file this DEF 14A?

HOME BANCSHARES INC filed this Proxy Statement (DEF 14A) with the SEC on March 1, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by HOME BANCSHARES INC (HOMB).

Where can I read the original DEF 14A filing from HOME BANCSHARES INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by HOME BANCSHARES INC.

What are the key takeaways from HOME BANCSHARES INC's DEF 14A?

HOME BANCSHARES INC filed this DEF 14A on March 1, 2024. Key takeaways: Home Bancshares Inc. filed a Definitive Proxy Statement (DEF 14A) on March 1, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's IRS number is 710682831..

Is HOME BANCSHARES INC a risky investment based on this filing?

Based on this DEF 14A, HOME BANCSHARES INC presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard disclosure practices for a public company, with no immediate red flags.

What should investors do after reading HOME BANCSHARES INC's DEF 14A?

Review the executive compensation details and any shareholder proposals to prepare for the upcoming annual meeting. The overall sentiment from this filing is neutral.

How does HOME BANCSHARES INC compare to its industry peers?

Home Bancshares Inc. operates within the commercial banking sector, providing a range of financial services.

Are there regulatory concerns for HOME BANCSHARES INC?

As a publicly traded company, Home Bancshares Inc. is subject to SEC regulations and reporting requirements, including the filing of proxy statements.

Industry Context

Home Bancshares Inc. operates within the commercial banking sector, providing a range of financial services.

Regulatory Implications

As a publicly traded company, Home Bancshares Inc. is subject to SEC regulations and reporting requirements, including the filing of proxy statements.

What Investors Should Do

  1. Analyze executive compensation details provided in the filing.
  2. Review any shareholder proposals and management recommendations.
  3. Note the fiscal year end and filing date for tracking purposes.

Key Dates

Year-Over-Year Comparison

This is the initial DEF 14A filing for the period ending 2023-12-31, filed on 2024-03-01.

Filing Stats: 4,542 words · 18 min read · ~15 pages · Grade level 12.2 · Accepted 2024-03-01 15:46:44

Key Financial Figures

Filing Documents

Executive Compensation Highlights

Executive Compensation Highlights 34 Compensation Philosophy 34 Chairman & CEO Compensation History and Philosophy 35 Consideration of Shareholder Advisory "Say-on-Pay" Vote 35 Aligning Executive Compensation with Metrics that Drive Shareholder Value 36 Compensation Committee Role and Decision-Making Process 37 Components of Compensation 45 Report of the Compensation Committee of the Board of Directors 46

Executive Compensation

Executive Compensation 46 Summary Compensation Table 47 Employment Agreements 48 Stock Awards and Stock Option Grants 51 Option Exercises and Stock Awards Vested in 2023 51 Pension and Other Benefits 51 Nonqualified Deferred Compensation 52 Payments Upon Termination or Change-In-Control 55 Compensation Risk Assessment 56 CEO Pay Ratio 57 Pay versus Performance 61 Proposal Two – Advisory (Non-Binding) Vote Approving Executive Compensation 62 Proposal Three – Advisory (Non-Binding) Vote on Freque ncy of Shareholder Votes on Executive Compensation 63 Proposal Four – Ratification of Appointment of Independent Registered Public Accounting Firm 64 Report of the Audit Committee of the Board of Directors 65 Audit and Non-Audit Fees 66 Submission of Shareholder Proposals 66 Where You Can Find More Information A- 1 Appendix A www.homebancshares.com Proxy Summary HOME BANCSHARES, INC. 719 Harkrider Street, Suite 100 Conway, Arkansas 72032 (501) 339-2929 Internet Site: www.homebancshares.com Proxy Summary This summary highlights selected information contained elsewhere in this Proxy Statement. This summary does not contain all of the information you should consider, and you should read the entire Proxy Statement carefully before voting. For more complete information regarding our 2023 performance, please review our 2023 Annual Report on Form 10-K, which accompanies this document. The Annual Meeting Date: April 18, 2024 Time: 10:00 a.m. CST Location: Home BancShares, Inc. Corporate Office, 719 Harkrider Street, Conway, Arkansas Record Date: February 16, 2024 Number Shares Outstanding and Entitled to Vote: 201,136,052 Voting Matters and Board Recommendations Matter Board Recommendation Page Reference Proposal 1. Election of Directors. To elect the 15 nominees listed in this Proxy Statement as directors for a term of one year. FOR each nominee 11 Proposal 2. Advisory (Non-Binding) Vote on

Executive Compensation Highlights

Executive Compensation Highlights Our compensation policies and practices are designed to align the interests of our employees with the interests of our shareholders. We seek to attract, retain, incent, and reward individuals who contribute to our long-term success. We strive to link pay to Company performance for all executive officers, including our Chairman and CEO. A majority of our Chairman and CEO's compensation consists of equity awards and is therefore at risk and aligned with our shareholders' interests. Our Chairman and CEO remains the largest individual shareholder of the Company. Two-thirds of the Chairman and CEO's annual equity-based compensation is subject to predetermined relative performance metrics compared to a peer group and measured over a 3-year performance period. Our Executive Incentive Plan allows our named executive officers to earn short-term incentive compensation based on predetermined performance metrics and goals, including a mix of absolute and relative performance targets compared to a peer group. Our performance measures reflect key financial performance indicators that we believe drive value to our shareholders. Compensation to our Chairman and CEO is aligned with Company performance. Our cash and equity incentive programs, including the 2022 Equity Incentive Plan, contain meaningful clawback features and are subject to our Clawback Policy adopted in accordance with NYSE listing rules. We utilize a performance peer group of U.S. banks and bank holding companies with $10 billion to $50 billion in total assets for our cash and equity incentive programs. 3 www.homebancshares.com Proxy Summary Environmental, Social and Governance Highlights As a customer- and community-focused bank, Home BancShares and Centennial Bank are committed to delivering on each of our core values while balancing the interests of our shareholders, our communities and, of course, our customers. Community involvement is a core focus for our Comp

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