2025 Executive Officer Salary and Bonus Arrangements for Great Southern Bancorp, Inc. and Great Southern Bank

Summary

This document outlines the 2025 base salaries and bonus arrangements for executive officers of Great Southern Bancorp, Inc. and Great Southern Bank. It lists the annual base salaries for six named executives and details their eligibility for cash bonuses. Bonus amounts are tied to company pre-tax earnings, targeted earnings per share, and individual performance, with specific percentages and eligibility varying by executive. The agreement sets clear compensation terms for the upcoming year but does not establish new contractual obligations beyond those already in place.

EX-10.7 2 gsbc-20241231xex10d7.htm EX-10.7

Exhibit 10.7

Current Executive Officer Salary and Bonus Arrangements for 2025

Base Salaries

The base salaries for 2025 for the following executive officers of Great Southern Bancorp, Inc. (the “Company”) and Great Southern Bank (the “Bank”) currently are as follows:

Name and Title

    

Base Salary

William V. Turner

$200,000

Chairman of the Board of

the Company and the Bank

Joseph W. Turner

$461,492

President and Chief

Executive Officer of the

Company and the Bank

Rex A. Copeland

$508,305

Treasurer of the Company

and Senior Vice President and

Chief Financial Officer of the Bank

Kevin L. Baker

$508,305

Vice President and Chief

Credit Officer of the Bank

John M. Bugh

$508,305

Vice President and Chief

Lending Officer of the Bank

Mark A. Maples

$195,700

Vice President and Chief Operations

Officer of the Bank

Description of Bonus Arrangements

Pursuant to his employment agreement with the Company, Mr. Joseph W. Turner is entitled to an annual cash bonus equal to one percent of the Company’s fiscal year pre-tax earnings.  Mr. William V. Turner is not entitled to an annual cash bonus under his employment agreement. Mr. Rex A. Copeland does not have a bonus arrangement governed by contract; however, the Company has established an annual cash bonus for Mr. Copeland equal to 0.06 percent of the Company’s fiscal year pre-tax earnings. Additionally, Mr. Copeland may earn a separate cash bonus of up to 10.63 percent of his annual base salary based on the extent to which the Company achieves targeted earnings per share results. Mr. Kevin L. Baker and Mr. John M. Bugh do not have bonus arrangements governed by contract; however, they each may earn a cash bonus of up to 10.63 percent of their annual base salary based on the extent to which the Company achieves targeted earnings per share results. Mr. Mark A. Maples does not have a bonus arrangement governed by contract; however, the Company maintains an incentive bonus arrangement under which he and certain other officers may earn a cash bonus of up to 19.13 percent of their annual base salary, with up to 10.63 percent based on the extent to which the Company achieves targeted earnings per share results and up to 8.50 percent based on the officer’s individual performance.