2018 Executive Officer Salary and Bonus Arrangements for Great Southern Bancorp, Inc. and Great Southern Bank

Summary

This document outlines the 2018 base salaries and bonus arrangements for executive officers of Great Southern Bancorp, Inc. and Great Southern Bank. It lists the annual salaries for named executives and describes their bonus eligibility. William V. Turner and Joseph W. Turner receive annual cash bonuses equal to 0.5% of the company's pre-tax net income, as specified in their employment agreements. Other executives may earn bonuses up to 15.75% of their base salary, based on company earnings per share and individual performance. These arrangements are subject to the terms of each officer's employment agreement or company policy.

EX-10.7 2 ex107.htm CURRENT NAMED EXECUTIVE OFFICER SALARY AND BONUS ARRANGEMENTS FOR 2018

Exhibit 10.7

Current Named Executive Officer Salary and Bonus Arrangements for 2018

Base Salaries

The base salaries for 2018 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	$368,985
President and Chief
Executive Officer of the
Company and the Bank

Rex A. Copeland	$334,955
Treasurer of the Company
and Senior Vice President and
Chief Financial Officer of the Bank

Kevin L. Baker	$312,057
Vice President and Chief
Credit Officer of the Bank

John M. Bugh	$311,100
Vice President and Chief
Lending Officer of the Bank

Douglas W. Marrs	$184,930
Secretary of the Company and
Secretary, Vice President – Operations
of the Bank

Linton J. Thomason	$173,949
Vice President–Information Services
of the Bank

Description of Bonus Arrangements

Pursuant to their employment agreements with the Company, each of Messrs. William V. Turner and Joseph W. Turner is entitled to an annual cash bonus equal to one-half of one percent of the Company's pre-tax net income. For certain executive officers whose bonus arrangements are not governed by contract, the Company has maintained an incentive bonus arrangement under which the officers may earn a cash bonus of up to 15.75% of the officer's annual base salary, with up to 8.25% based on the extent to which the Company achieves targeted earnings per share results and up to 7.50% based on the officer's individual performance.