Home BancShares' Chairman, CEO Get Raises in 2012

by George Waldon  on Monday, Mar. 5, 2012 3:02 pm  

Home BancShares Inc. of Conway on Monday released its 2012 proxy statement, showing its company chairman and CEO receiving raises of 10 percent and 8 percent, respectively.

The company, the publicly traded holding company of Centennial Bank, also announced the date of its annual shareholders meeting: April 19 at the Peabody Hotel in downtown Little Rock.

Shareholders will be asked to vote on five specific items, including the re-election of all 12 current directors for one year terms.

Information in the proxy included the six largest shareholders of record, deemed to be beneficial owners of stock:

  • Johnny Allison, chairman, 9.7 percent worth $69,388,200.
  • T. Rowe Price Associates Inc. of Baltimore, Md., 8.2 percent worth $58,623,050.
  • BlackRock Inc. of New York, 6.2 percent worth $43,451,375.
  • Rick Ashley, president and owner of The Ashley Co. of North Little Rock, 4.6 percent worth $32,627,350.
  • Bunny Adcock, vice chairman, 2.7 percent worth $18,850,125.
  • Alex Lieblong, owner of Lieblong & Associates of Little Rock, 2.2 percent worth $15,334,550.

The proxy also detailed compensation among its five top executives.

Allison, who co-founded Home BancShares with Adcock, received total compensation of $1.06 million during 2011. His biggest item was a $372,461 change in his pension value and non qualified deferred compensation earnings.

Other top executive compensation for the year was extended to:

  • Randy Sims, CEO, $866,825. Biggest item: $365,466 realized from exercising stock options.
  • Randy Mayor, CFO, $629,243. Biggest item: $267,144 realized from exercising stock options.
  • Tracy French, regional president of Centennial Bank, $561,577. Biggest item: $230,000 salary.
  • Bob Birch, regional president of Centennial Bank, $558,148. Biggest item: $230,000 salary.

The top two executives received raises in their 2012 annual salary. Allison received a 10 percent raise to $275,000, and Sims received an 8 percent raise to $335,000.

Four other specific items are listed for consideration at the annual shareholder's meeting:

  • To provide an advisory (non-binding vote) approving the company's compensation of its named executive officers.
  • To provide an advisory vote determining the frequency with which shareholders will consider and approve an advisory vote on the company's compensation of its named executive officers.
  • To approve the company's amended and restated 2006 Stock Option and Performance Incentive Plan, including material terms of the performance goals under such plan.
  • To ratify the appointment of BKD LLP as the company's independent registered public accounting firm for the next fiscal year.

Home BancShares board of directors is composed of: Allison, 65; Sims, 56; Mayor, 47; Milburn Adams, 69, former mobile home manufacturer executive; Adcock, 63; Ashley, 56; Dale Bruns, 69, owner of Central Arkansas Sign Co. of Conway; Richard Buckheim, 68, former South Florida banker; Jack Engelkes, 62, managing partner of the accounting firm of Engelkes and Felts Ltd. of Conway; James Hinkle, 63, former Mountain View banker; Lieblong, 61; and William Thompson, 64, owner of Transloading Service Inc. of Cabot.

 

 

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