Home BancShares' Chairman, CEO Get Raises in 2012

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.