Director Fee Arrangement for Fiscal 2019 between Southern Missouri Bancorp, Inc. and Directors

Summary

Southern Missouri Bancorp, Inc. and its subsidiary, Southern Bank, outline the compensation for their directors for fiscal year 2019. Each director receives a monthly fee of $900 for serving on the Company's Board and $1,100 for serving on the Bank's Board. Additionally, three directors receive $1,000 per month for serving on the Bank's regional loan approval committees. This arrangement specifies the payment structure for board and committee service during the fiscal year.

EX-10.2 4 ex102.htm DIRECTOR FEE ARRANGEMENT FOR FISCAL 2019
EXHIBIT 10.2
Director Fee Arrangements for Fiscal 2019
Each director of Southern Missouri Bancorp, Inc. (the "Company"), also is a director of Southern Bank (the "Bank"). For Fiscal 2019, 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. Three Company directors receive a monthly fee of $1,000 for service on regional loan approval committees for the Bank.