CEO Randy Sims announces another FDIC-assisted deal for Centennial Bank to take over the assets of a Florida bank.
Home BancShares Inc. of Conway released its 2013 proxy statement Tuesday, showing that executives cashed in on bigger bonuses and stock options.
Randy Sims, CEO of the publicly traded holding company of Centennial Bank, collected a $214,000 bonus, biggest among the top 5 executives.
Information in the proxy included the six largest shareholders of record, deemed to be beneficial owners of stock:
- Johnny Allison, chairman, 8.76 percent worth $85,442,412.
- T. Rowe Price Associates Inc. of Baltimore, Md., 8.6 percent worth $82,509,485.
- BlackRock Inc. of New York, 6.34 percent worth $60,707,204.
- Rick Ashley, president and owner of The Ashley Co. of North Little Rock, 4.32 percent worth $42,139,124.
- Alex Lieblong, owner of Lieblong & Associates of Little Rock, 1.98 percent worth $19,321,262.
- Bunny Adcock, vice chairman, 1.73 percent worth $16,877,441.
The proxy also detailed compensation among its five top executives.
Randy Mayor, CFO, received total compensation of $1,866,199, highest among the company’s leading executives. His biggest item was $1,334,731 realized from exercising stock options.
Other top executive compensation during 2012 was extended to:
- Sims, $1,682,676. Biggest item: $995,572 realized from exercising stock options.
- Allison, who co-founded Home BancShares with Adcock, $1,020,726. Biggest item: $275,000 salary with a $198,358 bonus.
- Kevin Hester, chief lending officer, $865,446. Biggest item: $351,114 realized from the exercise of stock options with a $143,750 bonus.
- Bob Birch, regional president of Centennial Bank, $842,102. Biggest item: $307,989 realized from the exercise of stock options with a $149,500 bonus.
Shareholders Meeting
The company announced its annual shareholders meeting will be held April 18 at the Centennial Valley Country Club Events Center in Conway at 6:30 p.m.
Four specific items are listed for consideration at the annual shareholder’s meeting:
- To elect directors for a one-year term.
- To provide an advisory (non-binding vote) approving the company’s compensation of its named executive officers.
- To approve an amendment to the company’s restated articles of incorporation to increase the number of authorized shares of common stock from 50 million shares to 100 million. The company now has more than 28.1 million shares outstanding.
- 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, 66; Sims, 58; Mayor, 48; Milburn Adams, 70, former mobile home manufacturer executive; Adcock, 64; Ashley, 57; Dale Bruns, 70, owner of Central Arkansas Sign Co. of Conway; Richard Buckheim, 69, former South Florida banker; Jack Engelkes, 63, managing partner of the accounting firm of Engelkes and Felts Ltd. of Conway; James Hinkle, 64, former Mountain View banker; Lieblong, 62; and William Thompson, 65, owner of Transloading Service Inc. of Cabot.
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