[8-K] Home Bancorp, Inc. Reports Material Event

Rhea-AI Filing Summary

On 21 Jul 2025 Home Bancorp, Inc. (Nasdaq: HBCP) filed an 8-K announcing that subsidiary Home Bank, N.A. entered into salary-continuation agreements with senior executives Natalie B. Lemoine, Mark C. Herpin and John J. Zollinger IV.

Each contract promises a $125,000 annual retirement benefit, paid monthly for 10 years, if the executive remains employed until age 67. Benefits vest 10 % per year over a decade, tied to each officer’s most recent appointment date. Upon early retirement, the executive will receive a lump-sum payout of vested amounts on the first day of the month following separation.

If separation occurs within three months before or 12 months after a change in control and before age 65, the Bank will pay the greater of (i) accrued benefits or (ii) $300,000, also in a lump sum. Other provisions mirror existing agreements with the Bank’s senior executive vice presidents, except for retirement age and vesting terms.

The agreements are filed as Exhibits 10.1-10.3; no financial statements or other material transactions were included in this report.

Positive

• Enhanced executive retention: 10-year vesting and SERP benefits incentivize key leaders to remain until retirement age.
• Governance safeguards: Change-of-control payout capped at $300k limits excessive golden-parachute risk.

Negative

• Incremental liability: New retirement obligations add long-term expense, requiring ongoing accruals on the balance sheet.
• Potential acquisition cost: Lump-sum payments could slightly increase transaction expenses in a sale scenario.

Insights

Financial Analyst

TL;DR: New executive SERPs add modest long-term cost but strengthen retention; impact on near-term earnings immaterial.

The disclosed salary-continuation agreements represent standard supplemental executive retirement plans (SERPs) often used by community banks to retain key talent. At $125k annually for 10 years, each agreement carries a notional obligation of $1.25 million, recognized over the service period. Given Home Bancorp’s $8 bn-plus asset base, required annual accruals should be small relative to earnings and capital. The lump-sum $300k change-of-control clause could raise acquisition costs but is unlikely to deter potential bidders. Overall financial impact is neutral; incentive alignment and retention benefits slightly positive for continuity.

Corporate Governance Specialist

TL;DR: Agreements follow peer practice; change-of-control payout capped at $300k, limiting excessive golden-parachute risk.

From a governance standpoint, the Bank extends SERPs already granted to other senior EVP peers, preserving internal pay equity. Ten-year, 10 % vesting discourages early departure yet avoids automatic full acceleration, balancing retention with shareholder interests. The defined cap of $300k on change-of-control payments moderates parachute exposure and aligns with prevailing community-bank norms. Disclosure appears complete and timely under Item 5.02. No board or shareholder action required, so overall effect is governance-neutral.

503 Kaliste Saloom RoadLafayetteLouisiana337237-1960July 21, 20250001436425FALSE00014364252025-07-212025-07-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 21, 2025

Home Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Louisiana			001-34190			71-1051785
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

503 Kaliste Saloom Road, Lafayette, Louisiana			70508
(Address of principal executive offices)			(Zip Code)

Registrant’s telephone number, including area code (337) 237-1960

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading symbol(s)			Name of each exchange on which registered
Common Stock			HBCP			Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(a.)Not applicable.

(b.)Not applicable.

(c.)Not applicable.

(d.)Not applicable.

(e.)On July 21, 2025, the Board of Home Bank, N. A. ("the Bank") entered into salary continuation agreements with Ms. Lemoine and Messrs. Herpin and Zollinger. The agreements provide the executive officers a retirement benefit equal to $125,000 per year if she/he remains employed until age 67, payable in equal monthly installments for a period of 10 years. The retirement benefit vest based on Ms. Lemoine and Messrs. Herpin and Zollinger's most recent appointment date as a senior executive officer, with 10% of benefits vesting for ten years. In the event of early retirement, the Bank will pay the senior executive officer her/his vested benefits in a lump sum on the first day of the month following her/his separation from service. If the executive has a separation from service within three months prior to or 12 months following a change in control of the Bank prior to reaching age 65, the Bank shall pay her/him an amount equal to the greater of (i) his accrued benefits as of the end of the year immediately preceding the separation from service or (ii) $300,000. This amount will be paid in a lump sum on the first day of the month following the separation from service.

The terms of the salary continuation agreements with Ms. Lemoine and Messrs. Herpin and Zollinger are substantially identical to the existing salary continuation agreements with the Bank's other senior executive vice presidents except for the retirement age and vesting schedule.

The foregoing description is qualified in its entirety by reference to the full text of each of the agreements, copies of which are attached as exhibits to this Current Report on Form 8-K and are incorporated herein by reference.

(f.)Not applicable.

Item 9.01 Financial Statements and Exhibits

(a)Not applicable.

(b)Not applicable.

(c)Not applicable.

(d)Exhibits

The following exhibits are filed herewith.

Exhibit Number						Description
10.1						Salary Continuation Agreement - Mark C. Herpin
10.2						Salary Continuation Agreement - Natalie B. Lemoine
10.3						Salary Continuation Agreement - John J. Zollinger, IV
104						Cover page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			HOME BANCORP, INC.
Date: July 23, 2025			By:			/s/ John W. Bordelon
						John W. Bordelon
						President and Chief Executive Officer

FAQ

What did Home Bancorp (HBCP) disclose in its 8-K dated July 23 2025?

The company adopted salary-continuation agreements granting specific retirement and change-of-control benefits to three senior executives.

How much annual retirement benefit will each executive receive under the new agreements?

Each executive is entitled to $125,000 per year, payable monthly for 10 years upon retirement at age 67.

What is the vesting schedule for the benefits?

Benefits vest 10 % per year over a ten-year period based on the officer’s most recent senior-executive appointment.

What payout is triggered by a change in control of Home Bank, N.A.?

If separation occurs within the defined window, the executive receives the greater of accrued benefits or $300,000 in a lump sum.

Which executives are covered by the new salary-continuation agreements?

Natalie B. Lemoine, Mark C. Herpin and John J. Zollinger IV.