EX-10.7 2 gsbc-20211231xex10d7.htm EXHIBIT 10.7

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Exhibit 10.7

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Current Named Executive Officer Salary and Bonus Arrangements for 2022

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Base Salaries

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The base salaries for 2022 for the following executive officers of Great Southern Bancorp, Inc. (the”Company”) and Great Southern Bank (the “Bank”) currently are as follows:

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Name and Title | Base Salary
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William V. Turner | $200,000
Chairman of the Board of
the Company and the Bank
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Joseph W. Turner | $415,000
President and Chief
Executive Officer of the
Company and the Bank
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Rex A. Copeland | $415,000
Treasurer of the Company
and Senior Vice President and
Chief Financial Officer of the Bank
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Kevin L. Baker | $400,000
Vice President and Chief
Credit Officer of the Bank
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John M. Bugh | $400,000
Vice President and Chief
Lending Officer of the Bank
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Mark Maples | $160,000
Vice President and Chief Operations
Officer of the Bank
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Description of Bonus Arrangements

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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 17.85% of the officer's annual base salary, with up to 9.35% based on the extent to which the Company achieves targeted earnings per share results and up to 8.50% based on the officer's individual performance.