Business Context and Reporting Period
This Form 8-K Current Report was filed by Hometrust Bancshares, Inc. on August 28, 2012. The filing reports a corporate governance event regarding the Board of Directors.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on a personnel appointment.
Material Changes
The Board of Directors increased the number of directors from 12 to 13. Robert G. Dinsmore, Jr. was appointed to the newly created directorship. His term will expire at the Company's first annual meeting of stockholders. Additionally, Mr. Dinsmore was appointed to the Audit, Compliance and Enterprise Risk Management Committee.
Compensation and Governance Details
Mr. Dinsmore will receive the same compensation as other directors:
- Annual Retainer: $7,000
- Board Meeting Fee: $1,950 per meeting attended
- Committee Meeting Fee: $600 per meeting attended
- Telephone Meeting Fees: Reduced based on duration ($100 for <2 hours, $250 for 2-4 hours, $600 for >4 hours)
The filing states there are no arrangements or understandings regarding his selection and no material interest transactions requiring disclosure under Item 404(a) of Regulation S-K.
Key Facts for Investor Verification
- Confirmation of the Board size increase to 13 members.
- Verification of Robert G. Dinsmore, Jr.'s background and qualifications for the Audit, Compliance and Enterprise Risk Management Committee.
- Review of the attached press release (Exhibit 99.1) for additional context on the appointment.