Business Context and Reporting Period
This Form 8-K filing by Hometrust Bancshares, Inc. (HTBI) reports a corporate governance event dated August 31, 2020. The registrant is the holding company for HomeTrust Bank, incorporated in Maryland and trading on the NASDAQ.
Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The material change reported is the appointment of a new director:
- Rebekah M. Lowe was appointed as a director of the Company and the Bank, effective September 1, 2020.
- She was assigned to the Compensation Committee and the Governance and Nominating Committee.
- Her term will expire in fiscal 2023.
Compensation and Governance Details
Ms. Lowe is entitled to the standard non-employee director compensation arrangement, which includes:
- Annual Cash Retainer: $34,000.
- Meeting Fees: $1,500 per Board meeting attended in excess of ten per fiscal year; $750 per committee meeting lasting one hour or more.
- Equity Award: Annual restricted stock award with a grant date value of approximately $30,000.
- Committee Chair Retainers: Additional fees apply for specific roles: $15,000 (Lead Director/Vice Chair), $10,000 (Audit Committee Chair), $7,500 (Compensation Committee Chair), and $5,000 (Governance and Nominating Committee Chair).
Key Facts for Investor Verification
- Verify the effective date of Ms. Lowe's appointment (September 1, 2020) against the company's official press release (Exhibit 99.1).
- Confirm the specific committee assignments and term expiration date (Fiscal 2023).
- Note that this filing contains no financial results; investors should refer to the most recent 10-Q or 10-K for financial performance data.