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