Director Compensation Arrangement for Great Southern Bancorp, Inc. and Subsidiaries
This agreement outlines the compensation for directors of Great Southern Bancorp, Inc. and its subsidiaries. Directors receive $1,500 for each Bancorp board meeting and $3,250 for each Great Southern Bank board meeting attended. Audit Committee members are paid $400 per meeting, with the chairman receiving $450. Director Brown receives $450 per Compliance Committee meeting. Directors may also be granted stock options at the Board's discretion. No reimbursement is provided for meeting-related expenses. The same individuals serve as directors for both Bancorp and the Bank.
Exhibit 10.8
Current Director Fee Arrangements
Directors of Great Southern Bancorp, Inc. (“Bancorp”) receive a fee of $1,500 per regular monthly meeting attended, which is the only compensation paid to directors by Bancorp, except for stock options which may be granted in the discretion of the Board of Directors under Bancorp’s 2022 Omnibus Incentive Plan. Directors of Great Southern Bank receive a fee of $3,250 per regular monthly meeting attended. The directors of Bancorp and the directors of the Bank are the same individuals. The directors of Bancorp and its subsidiaries serving on the Audit Committee are paid a fee of $400 per meeting attended, except for the chairman of the Audit Committee, who is paid a fee of $450 per meeting attended. Director Brown serves on the Bank’s Compliance Committee and is paid a fee of $450 per meeting attended. The directors of Bancorp and its subsidiaries are not reimbursed for their costs incurred in attending Board and committee meetings.
