Great Southern Bancorp, Inc. Director Fee Arrangements Disclosure
This document outlines the compensation structure for directors of Great Southern Bancorp, Inc. and its subsidiary, Great Southern Bank. Directors receive a fee for each regular monthly meeting attended: $1,500 from Bancorp and $3,000 from the Bank. Audit Committee members receive $300 per meeting, with the chairman receiving $350. Director Brown receives $300 per Compliance Committee meeting. Directors may also be granted stock options at the Board's discretion. No reimbursement is provided for meeting-related expenses.
Exhibit 10.8
Current Director Fee Arrangements
Directors of Great Southern Bancorp, Inc. ("Bancorp") receive a monthly 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 2018 Omnibus Incentive Plan. Directors of Great Southern Bank receive a monthly fee of $3,000 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 $300 per meeting attended, except for the chairman of the Audit Committee, who is paid a fee of $350 per meeting attended. Director Brown serves on the Bank’s Compliance Committee and is paid a fee of $300 per meeting attended. The directors of Bancorp and its subsidiaries are not reimbursed for their costs incurred in attending Board and committee meetings.
