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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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(a.)Not applicable.
(b.)Not applicable.
(c.)Not applicable.
(d.)Not applicable.
(e.)On February 17, 2020, the Boards of Home Bancorp, Inc. ("the Company") and Home Bank, N. A. ("the Bank") acted to extend the term of the existing employment agreements between the Company and John W. Bordelon and the Bank and each of John W. Bordelon, Jason P. Freyou and Darren E. Guidry. Amendments to each of the employment agreements were entered into in order to extend the terms of the agreements to May 20, 2023, in the case of Mr. Bordelon, and May 20, 2022, in the case of the other executive officers.
In addition, on February 17, 2020, the Board of the Bank amended and restated the existing employment agreement between the Bank and Joseph B. Zanco in order to:
•extend the term of the agreement to May 20, 2022;
•amend and restate Clause (A) of Section 5(f) of the agreement to read as follows: “pay to the Executive, in a lump sum as of the Date of Termination (or if applicable, the later date of a Change in Control), a cash severance amount equal to two (2) times his Annual Compensation, and”; and
•amend and restate the reference to “twelve (12) months” in Clause (B)(i) of Section 5(f) to read “twenty-four (24) months”.
No other changes were made to the employment agreements.
The foregoing description is qualified in its entirety by reference to the amendments to the employment 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.
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