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.
