Wilson Bank Holding adopts SERP for CFO Hawkins, amends existing executive SERPs

WILSON BANK HOLDING CO

New SERP for CFO Kayla Hawkins provides lifetime retirement benefits at age 65 or age 60 with 30 years service; disability benefit 60% of base salary plus bonus.
Hawkins also receives split-dollar life insurance; Bank owns policy, beneficiary gets death benefit net of cash value.
Amendments to SERPs for CEO McDearman, President Foster, COO Oakley, and EVP Walker add early retirement at age 60 with 30 years continuous service.
All SERPs condition benefits on non-compete: no banking services in Bank's counties until age 80 or payment end; change-of-control triggers full vesting.
New and amended SERPs are unfunded nonqualified plans intended to comply with Section 409A.

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