Great Southern executive compensation dips

Four of the top five executives at Great Southern Bancorp Inc. (Nasdaq: GSBC) posted compensation decreases in 2020, according to a proxy filing with the U.S. Securities and Exchange Commission.

President and CEO Joe Turner, who is the highest paid officer at the company, saw his total compensation dip 3.8% to $1.5 million last year, according to the SEC filing.

The proxy statement comes after the Springfield-based Great Southern Bank operator in January reported a 2020 net income decrease of 19% to $59.3 million.

Great Southern's top executives, by total compensation, are:
• Turner, $1.5 million, down 3.8%;
• Rex Copeland, chief financial officer, $637,915, down less than 1%;
• William Turner, board chairperson, $581,432, down 14%;
• Kevin Baker, chief credit officer, $549,513, up 1%; and
• John Bugh, chief lending officer, $436,551, down less than 1%.

The executives' combined total compensation in 2020 was $3.7 million, according to the filing. That’s down from roughly $3.9 million in 2019.

GSBC shares were trading at $56.21 as of 9:33 a.m., compared with a 52-week range of $32.62 to $60.55 per share.