Home BancShares' Proxy Shows Most Execs with Pay Increases - Southern Business Review

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Friday, February 22, 2019

Home BancShares' Proxy Shows Most Execs with Pay Increases

Home BancShares Inc. Chairman Johnny Allison received a $4.7 million compensation package in fiscal 2018, down from $4.8 million in the previous year, while all other named executive officers saw increases, according to the company's preliminary proxy statement, filed Wednesday.


The publicly traded company (Nasdaq: HOMB) is the parent company of Centennial Bank. It's scheduled to hold its annual meeting on April 18 in Conway.


Allison's total compensation of $4.7 million included salary of $399,039, up from $373,280 in 2017, a bonus of $445,000 and stock awards worth $3.1 million.


Other executives and their compensation: 


C. Randall Sims, CEO and president, had had total compensation of $704,000, up from $339,000 in 2017. His 2018 package included salary of $309,000, up from $295,000 in 2017, and a $25,000 bonus.

Tracy M. French, CEO and president of Centennial Bank, had total compensation of $3.3 million, up from $747,100 in 2017. His 2018 package included salary of $448,000, up from $409,000 in 2017, a $205,000 bonus and stock awards of $1.7 million.


Kevin D. Hester, chief lending officer, had total compensation of $1.6 million, up from $596,000 in 2017. His 2018 package included salary of $374,000, up from $349,000 in 2017, and a $185,000 bonus.


Brian S. Davis, chief financial officer and treasurer, had total compensation of $837,000, up from $476,000 in 2017. His 2018 package included salary of $325,000, up from $324,000 in 2017, and a $135,000 bonus.


At the company's annual meeting, shareholders will be asked to:


  • To elect directors for a term of one year.

  • To provide an advisory (non-binding) vote approving compensation of named executive officers.

  • To approve an amendment to the company's restated articles of incorporation, as amended, to increase the number of authorized shares of common stock from 200 million to 300 million.

  • To ratify the appointment of BKD LLP as the company's independent registered public accounting firm for the next fiscal year.