HOMB

Business Context and Reporting Period

This Form 8-K Current Report was filed by Home BancShares, Inc. on August 2, 2012. The filing discloses a corporate action regarding the award of equity compensation to named executive officers and certain other employees under the Company's Amended and Restated 2006 Stock Option and Performance Incentive Plan.

Key Financial Metrics

The filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics for a specific reporting period. The only financial figure disclosed is the anticipated pre-tax cost of the equity award, estimated at approximately $150,000 per quarter.

Material Changes

On August 2, 2012, the Compensation Committee awarded an aggregate of 104,000 restricted shares of common stock. This award consists of:

• 43,000 Restricted Shares subject to time vesting.
• 61,000 Performance Shares subject to performance-based vesting.

The filing does not disclose material changes to the company's financial position compared to prior periods, as the document focuses solely on the equity grant.

Guidance, Outlook, and Management Commentary

Performance Goals: The Performance Shares will cliff vest on the third annual anniversary of the date the performance goal is met. The goal is defined as achieving an average of $0.625 diluted earnings per share for four consecutive quarters or $2.50 total diluted earnings per share over four consecutive quarters. One-time and non-recurring gains will be excluded from this calculation.

Vesting Conditions:

• Time Vesting: Restricted Shares cliff vest on the third annual anniversary of the grant date.
• Forfeiture: Shares are subject to forfeiture if employment ends, except in cases of death, disability, or change in control.
• Change in Control: All Restricted Shares fully vest. Performance Shares vest if the performance goal is met and the stock price exceeds $30.00 per share; otherwise, vesting is at the Committee's discretion.

Purpose: Management states the awards are intended to align executive interests with shareholders, attract and retain talent, and encourage high performance.

Important Facts for Investors to Verify

• Confirmation of the specific vesting schedule and performance metrics ($0.625 quarterly or $2.50 total diluted EPS) for the 61,000 Performance Shares.
• The impact of the $150,000 per quarter pre-tax cost on future earnings per share calculations.
• Details on the "one-time and non-recurring gains" exclusion criteria used by the Committee to determine if performance goals are met.
• Current stock price relative to the $30.00 threshold required for automatic Performance Share vesting in a change of control scenario.

Equity Award Distribution to Named Executive Officers