---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-24-000142"
form_type: "8-K"
ticker: "HFBL"
cik: "0001500375"
company_name: "Home Federal Bancorp, Inc. of Louisiana"
filed_at: "2024-10-18T23:59:59+00:00"
generated_at: "2026-05-30T12:45:50.443844+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000927089-24-000142
- form_type: 8-K
- ticker: HFBL
- cik: 0001500375
- company_name: Home Federal Bancorp, Inc. of Louisiana
- filed_at: 2024-10-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500375/000092708924000142/0000927089-24-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500375/000092708924000142/hfbil20241017_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-24-000142
- JSON: https://secwatch.observer/filing/0000927089-24-000142.json
- Plain text: https://secwatch.observer/filing/0000927089-24-000142.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.