EX-10.7 4 ex10-7.htm CURRENT NAMED EXECUTIVE OFFICER SALARY AND BONUS ARRANGEMENTS FOR 2020


Exhibit 10.7

Current Named Executive Officer Salary and Bonus Arrangements for 2020

Base Salaries

The base salaries for 2020 for the following executive officers of Great Southern Bancorp, Inc. (the "Company") and Great Southern Bank (the "Bank") currently are as follows:

Name and Title
 
Base Salary
 
   
       
William V. Turner
 
$
200,000
 
Chairman of the Board of
 
the Company and the Bank
 
       
Joseph W. Turner
 
$
380,055
 
President and Chief
 
Executive Officer of the
 
Company and the Bank
 
       
Rex A. Copeland
 
$
355,354
 
Treasurer of the Company
 
and Senior Vice President and
 
Chief Financial Officer of the Bank
 
       
Kevin L. Baker
 
$
331,061
 
Vice President and Chief
 
Credit Officer of the Bank
 
       
John M. Bugh
 
$
330,046
 
Vice President and Chief
 
Lending Officer of the Bank
 
       
Douglas W. Marrs
 
$
196,193
 
Secretary of the Company and
 
Secretary, Vice President – Operations
 
of the Bank
 
       
Linton J. Thomason
 
$
184,543
 
Vice President–Information Services
 
of the Bank
 
       

Description of Bonus Arrangements

Pursuant to his employment agreement with the Company, Mr. Joseph W. Turner is entitled to an annual cash bonus equal to one percent of the Company's fiscal year pre-tax earnings.  Mr. William V. Turner is not entitled to an annual cash bonus pursuant to his employment agreement.  For certain executive officers whose bonus arrangements are not governed by contract, the Company has maintained an incentive bonus arrangement under which the officers may earn a cash bonus of up to 15.75% of the officer's annual base salary, with up to 8.25% based on the extent to which the Company achieves targeted earnings per share results and up to 7.50% based on the officer's individual performance.