Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 18, 2022, the Compensation Committee of the Board of Directors of HomeTrust Bancshares, Inc. (the “Company”) approved, for the fiscal year ending June 30, 2023, targeted incentive award opportunities and performance measures and weightings under the Company’s Operating Committee Incentive Program (the “OC Incentive Program”). For fiscal 2023, the targeted incentive award opportunities for the following executive officers (each of whom was a named executive officer in the Company’s most recent annual meeting proxy statement) were established: C. Hunter Westbrook, President and Chief Executive Officer (effective September 1, 2022), 50% of annual base salary; Tony J. VunCannon, Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer, 30% of annual base salary; Marty T. Caywood, Executive Vice President and Chief Information Officer, 30% of annual base salary; and Keith Houghton, Executive Vice President and Chief Credit Officer, 30% of annual base salary. The OC Incentive Program performance measures and weightings will be as follows for each of these named executive officers: pretax, pre-provision income (75% weighting); efficiency ratio (25% weighting).