Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Narasimhulu Neelagaru was appointed as Director at HomeTrust Bancshares, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On June 26, 2023, the Board of Directors (the “Board”) of HomeTrust Bancshares, Inc. (the “Company”), the holding company for HomeTrust Bank (the “Bank”), appointed Narasimhulu Neelagaru, M.D. (“Dr. Neel”) as a director of the Company.
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
HomeTrust Bancshares, Inc.: The Board approved an amendment to Article II, Section 12 of the Company's bylaws to exempt Dr. Neel, age 73, from the mandatory director retirement age of 72, allowing him to serve as a director per the Merger Agreement (effective 2023-06-26).
- Change
- bylaw amendment
- Effective
- 2023-06-26
Exact text from the filing
On June 26, 2023, the Board approved an amendment to the Company’s bylaws, which became effective immediately. The amendment affects the mandatory director retirement provision contained in Article II, Section 12 of the Company's bylaws. Article II, Section 12 generally prohibits a person who is 72 years of age or older from being elected, re-elected, appointed or re-appointed to the Board or from continuing to serve as a director of the Company beyond the annual meeting of stockholders of the Company immediately following the non-employee director’s attaining age 72. Article II, Section 12 was amended to permit Dr. Neel, who is currently age 73, to serve as a director of the Company in the manner contemplated by the Merger Agreement, as described in Item 5.02 of this Current Report on Form 8-K.
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