Fidelity Southern Corporation 2006 Executive Officer Compensation Arrangements

Summary

Fidelity Southern Corporation has set the 2006 annual base salaries for its named executive officers, including James B. Miller, Jr., H. Palmer Proctor, Jr., David Buchanan, and M. Howard Griffith, Jr. Mr. Miller and Mr. Proctor are eligible for additional incentive compensation if the company meets certain income targets. The company also pays premiums for life insurance policies and annual club fees for the executives, except for Mr. Buchanan. Upon termination of the insurance policies, the company will recover the premiums paid plus a market yield.

EX-10.(K) 5 g00159exv10wxky.txt EX-10.(K) NAMED EXECUTIVE OFFICER COMPENSATION ARRANGEMENTS EXHIBIT 10(k) FIDELITY SOUTHERN CORPORATION EXECUTIVE OFFICER COMPENSATION ARRANGEMENTS The annual base salary for each of the named executive officers of Fidelity Southern Corporation (the "Company") for 2006 is as follows: James B. Miller, Jr. $500,000 H. Palmer Proctor, Jr. 300,000 David Buchanan 240,000 M. Howard Griffith, Jr. 230,000 Each of Mr. Miller and Mr. Proctor is also entitled to receive incentive compensation not to exceed $100,000 in the case of Mr. Miller and $50,000 in the case of Mr. Proctor, based on the Company achieving targeted income levels. For 2005, the only named executive officer to receive a bonus/incentive compensation was Mr. Proctor who received $38,141. In addition to the foregoing, the Company has paid all of the premiums for split dollar and/or corporate life insurance policies for each of the executive officers and pays annual club fees for each executive officer other than Mr. Buchanan. Under the split dollar policies, the Company will receive upon termination of the policies proceeds equal to the insurance premiums paid plus a market yield.