EX-10.7 2 gsbc-20241231xex10d7.htm EX-10.7

Exhibit 10.7

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Current Executive Officer Salary and Bonus Arrangements for 2025

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Base Salaries

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The base salaries for 2025 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
​ | ​ | ​
William V. Turner | ​ | $200,000
Chairman of the Board of | ​ | ​
the Company and the Bank | ​ | ​
​ | ​ | ​
Joseph W. Turner | ​ | $461,492
President and Chief | ​ | ​
Executive Officer of the | ​ | ​
Company and the Bank | ​ | ​
​ | ​ | ​
Rex A. Copeland | ​ | $508,305
Treasurer of the Company | ​ | ​
and Senior Vice President and | ​ | ​
Chief Financial Officer of the Bank | ​ | ​
​ | ​ | ​
Kevin L. Baker | ​ | $508,305
Vice President and Chief | ​ | ​
Credit Officer of the Bank | ​ | ​
​ | ​ | ​
John M. Bugh | ​ | $508,305
Vice President and Chief | ​ | ​
Lending Officer of the Bank | ​ | ​
​ | ​ | ​
Mark A. Maples | ​ | $195,700
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 under his employment agreement. Mr. Rex A. Copeland does not have a bonus arrangement governed by contract; however, the Company has established an annual cash bonus for Mr. Copeland equal to 0.06 percent of the Company’s fiscal year pre-tax earnings. Additionally, Mr. Copeland may earn a separate cash bonus of up to 10.63 percent of his annual base salary based on the extent to which the Company achieves targeted earnings per share results. Mr. Kevin L. Baker and Mr. John M. Bugh do not have bonus arrangements governed by contract; however, they each may earn a cash bonus of up to 10.63 percent of their annual base salary based on the extent to which the Company achieves targeted earnings per share results. Mr. Mark A. Maples does not have a bonus arrangement governed by contract; however, the Company maintains an incentive bonus arrangement under which he and certain other officers may earn a cash bonus of up to 19.13 percent of their annual base salary, with up to 10.63 percent based on the extent to which the Company achieves targeted earnings per share results and up to 8.50 percent based on the officer’s individual performance.