HFBL amends LOIP for CSM Sawrie; adds two-year non-solicitation covenant

Home Federal Bancorp, Inc. of Louisiana

Compensation Committee approved amended LOIP for CSM K. Matthew Sawrie on Oct 11, 2024, adding non-solicitation clause.
New two-year non-solicitation bars Sawrie from soliciting customers/employees if he voluntarily terminates or is terminated for Cause.
CSM earns 1% of net interest income from all commercial loan officers' portfolios (cap 50% base salary) plus 5% of new loan net income.
Non-solicitation lapses if CEO James R. Barlow is no longer serving as Chairman, President or CEO of the Bank.

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