Current Named Executive Officer Salary and Bonus Arrangements for 2015

EX-10.7 2 ex10-7.htm CURRENT NAMED EXECUTIVE OFFICER SALARY AND BONUS ARRANGEMENTS FOR 2015
Exhibit 10.7

Current Named Executive Officer Salary and Bonus Arrangements for 2015

Base Salaries

The base salaries for 2015 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
 
$
306,599
 
President and Chief
 
Executive Officer of the
 
Company and the Bank
 
       
Rex A. Copeland
 
$
267,577
 
Treasurer of the Company
 
and Senior Vice President and
 
Chief Financial Officer of the Bank
 
       
Steven G. Mitchem
 
$
251,449
 
Senior Vice President and Chief
 
Lending Officer of the Bank
 
       
Douglas W. Marrs
 
$
148,057
 
Secretary of the Company and
 
Secretary, Vice President – Operations
 
of the Bank
 
       
Linton J. Thomason
 
$
137,860
 
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 7.5% based on the officer's individual performance.