Director Fee Arrangements for Fiscal 2016 between Southern Missouri Bancorp, Inc. and Southern Bank Directors
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Summary
Southern Missouri Bancorp, Inc. and its subsidiary, Southern Bank, outline the compensation for their directors for fiscal year 2016. Each director receives $900 per month for serving on the Company's Board and $1,100 per month for serving on the Bank's Board. Directors who serve on the regional loan committee receive an additional $1,000 per month. These arrangements specify the fees paid for board and committee service during the fiscal year.
EX-10.2 3 ex10-2.htm DIRECTOR FEE ARRANGEMENTS FOR FISCAL 2016
EXHIBIT 10.2
Director Fee Arrangements for Fiscal 2016
Each director of Southern Missouri Bancorp, Inc. (the "Company") also is a director of Southern Bank (the "Bank"). For Fiscal 2016, each director receives a monthly fee of $900 for serving on the Company's Board of Directors and $1,100 for serving on the Bank's Board of Directors. Certain directors serve on the regional loan committee and receive a monthly fee of $1,000 for their service.
