Home BancShares, Inc. Director and Executive Officer Compensation Summary

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Summary

This document outlines the compensation arrangements for directors and named executive officers of Home BancShares, Inc. Non-employee directors receive meeting fees and, in some cases, annual retainers for board and committee service, with amounts varying by bank subsidiary and position. Executive officers are at-will employees without written contracts; their base salaries are set annually by the Board, and they may receive bonuses and participate in the company's stock incentive plan. The summary lists specific 2006 base salaries for key executives and details director compensation by role and subsidiary.

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EX-10.2 24 d33629exv10w2.txt DIRECTOR AND EXECUTIVE OFFICER COMPENSATION SUMMARY EXHIBIT 10.2 HOME BANCSHARES, INC. DIRECTOR AND EXECUTIVE OFFICER COMPENSATION SUMMARY DIRECTOR COMPENSATION SUMMARY Set forth below is a summary of the compensation arrangement between Home BancShares, Inc. (the "Company") and its directors who are not full-time employees of the Company or one of its subsidiaries. Directors who are full-time employees of the Company or one of its subsidiaries receive no separate or additional compensation for their service as a director. BOARD MEETING FEES
Per Meeting (Member) Per Meeting (Chairman) -------------------- ---------------------- Home BancShares, Inc. (HBI) $1,000 $2,000 First State Bank (FSB) $575 $1,150 Twin City Bank (TCB) $450 $900 Community Bank (CB) $7,000 (per year) $$9,500 (per year) Bank of Mountain View (MV) $300 $600 Marine Bank (MB) $750 $750
The Chairman of the Board for Marine Bank receives an annual retainer of $36,000. COMMITTEE MEETING FEES
HBI FSB TCB CB MV MB ---- ---- ---- --- --- ---- Audit $400 $200 $200 -- -- $250 Nominating $250 -- -- -- -- -- Asset / Liability -- $250 -- -- -- $250 Compensation $400 $250 -- -- -- $250 Loan -- $250 $200 -- -- $250 Marketing -- -- $200 -- -- -- Personnel -- -- $200 -- -- -- Trust -- -- -- -- -- $250 Executive -- -- -- -- -- $250 Succession -- -- -- -- -- $250
NAMED EXECUTIVE OFFICER COMPENSATION SUMMARY The named executive officers of Home BancShares, Inc. (the "Company") are "at will" employees lacking written employment agreements with the Company. The annual base salaries of the named executive officers are set annually by the Company's Board of Directors, based on the Compensation Committee's recommendation. In addition to his base salary, each of the named executive officers is eligible for a bonus and to participate in the Company's 2006 Stock Incentive Plan. For 2006, the annual base salaries of the Company's named executive officers are as follows: John W. Allison Chairman, Chief Executive Officer $-- Ron W. Strother Chief Operating Officer $250,000 Randy Sims President of First State Bank $200,000 Tracy French President of Community Bank $197,836.60 Robert F. Birch, Jr. President of Twin City Bank $200,000 plus $7,000 auto allowance