Home Federal Bancorp updates CEO retirement plan
Home Federal Bancorp, Inc. of Louisiana updated the supplemental executive retirement arrangement for its Chairman, President and CEO, James R. Barlow, through an amended and restated agreement effective July 1, 2026.
Rhea-AI Filing Summary
Home Federal Bancorp, Inc. of Louisiana updated the supplemental executive retirement arrangement for its Chairman, President and CEO, James R. Barlow, through an amended and restated agreement effective July 1, 2026. Vesting is set at 10% per year from that date, reaching full vesting on December 31, 2030 if he remains employed.
The agreement keeps the target retirement date of December 31, 2033. After that date, Mr. Barlow is scheduled to receive annual retirement benefits of $120,000, paid in equal yearly installments over ten years. If he separates from service before December 31, 2033 without cause and not due to death, he would receive accrued benefits in a lump sum.
Following a change in control, a separation from service would credit him with up to five additional years of service, or the remaining vesting period if shorter, when calculating accrued benefits. In the event of death during active service, beneficiaries receive a lump sum equal to the full retirement benefit; if death occurs after retirement but before all payments are made, remaining installments go to beneficiaries.
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8-K Event Classification
Key Figures
Key Terms
Amended and Restated Supplemental Executive Retirement Agreement financial
vesting percentage financial
separation from service financial
change in control financial
beneficiaries financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What change did Home Federal Bancorp (HFBL) make to James R. Barlow’s retirement plan?
When does HFBL CEO James R. Barlow become fully vested under the new agreement?
What annual retirement benefit will HFBL’s James R. Barlow receive under the amended plan?
How does a change in control affect James R. Barlow’s benefits at Home Federal Bancorp (HFBL)?
What happens to HFBL CEO James R. Barlow’s retirement benefits if he dies while still employed?
How are benefits paid if James R. Barlow leaves HFBL before December 31, 2033 without cause?
AI-generated analysis. How Rhea-AI works. Not financial advice.