Current Named Executive Officer Salary and Bonus Arrangements for 2014

EX-10.7 2 ex10-7.htm ex10-7.htm

Exhibit 10.7

Current Named Executive Officer Salary and Bonus Arrangements for 2014

Base Salaries

The base salaries for 2014 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
  $ 300,587  
President and Chief
 
Executive Officer of the
 
Company and the Bank
 
         
Rex A. Copeland
  $ 262,331  
Treasurer of the Company
 
and Senior Vice President and
 
Chief Financial Officer of the Bank
 
         
Steven G. Mitchem
  $ 246,519  
Senior Vice President and Chief
 
Lending Officer of the Bank
 
         
Douglas W. Marrs
  $ 141,007  
Secretary of the Company and
 
Secretary, Vice President – Operations
 
of the Bank
 
         
Linton J. Thomason
  $ 131,295  
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.