C. Randall Sims, a University of Arkansas graduate, served as the CEO of Home BancShares for a decade, leading the bank in significant growth and acquisitions. During his time, the bank achieved record net income and was named one of...

Number of Employees

2.82K

Year

2019

Total Compensation

$500.55K

Salary

$447.49K

Board Justification

The compensation philosophy aims to attract and retain key management, motivate high performance, and align management with shareholder interests.

Bonus

$0.00

Board Justification

No annual cash bonus was awarded to Mr. Sims for 2019 as he retired in November 2019. A special bonus of $200,000 was paid in April 2019 in connection with his appointment as Vice Chairman of the Board and Executive Chairman of the bank subsidiary.

Other

$53.07K

Board Justification

Other compensation includes 401(k) contributions and income realized from restricted stock dividends.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2019 as Mr. Sims did not receive any stock awards that year.

Performance Metrics

The performance metrics for determining compensation included the company's financial performance and individual contributions to operational achievements.

SEC Filing

From February 26, 2020