2009 Executive Officer Salary and Bonus Arrangements for Great Southern Bancorp, Inc. and Great Southern Bank
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Summary
This document outlines the 2009 base salaries for named executive officers of Great Southern Bancorp, Inc. and Great Southern Bank, listing each officer's name, title, and salary amount. It also notes that bonus arrangements for these executives are under review due to compensation restrictions imposed by the American Recovery and Reinvestment Act of 2009. The agreement provides transparency regarding executive compensation and indicates that bonus policies may change in compliance with federal law.
EX-10.8 2 ex10-8.htm ex10-8.htm
Exhibit 10.8
Current Named Executive Officer Salary and Bonus Arrangements for 2009
Base Salaries
The base salaries for 2009 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 | $228,800 |
| President and Chief | |
| Executive Officer of the | |
| Company and the Bank | |
| Rex A. Copeland | $181,796 |
| Treasurer of the Company | |
| and Senior Vice President and | |
| Chief Financial Officer of the Bank | |
| Steven G. Mitchem | $190,000 |
| Senior Vice President and Chief | |
| Lending Officer of the Bank | |
| Douglas W. Marrs | $107,341 |
| Secretary of the Company and | |
| Secretary, Vice President – Operations | |
| of the Bank | |
| Linton J. Thomason | $104,763 |
| Vice President – Information Services | |
| of the Bank | |
Description of Bonus Arrangements
As a result of the compensation restrictions applicable to the Company contained in the recently enacted American Recovery and Reinvestment Act of 2009, the bonus arrangements for the Company's executive officers not governed by contract are currently under evaluation.
