Company: BANFP
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-050087
Chunk: 34

Company: BANCFIRST CORP /OK/
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 34
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% deferred bonus that is eligible to be paid in cash at the end of 2027.

Ms. Andrus

Ms. Andrus joined the Company on March 20, 2024 and became CFO on May 8, 2024. For 2024, Ms. Andrus was eligible for a bonus of up to 25% of her base salary. The 2024 performance objectives for Ms. Andrus included overall financial performance, strategic and operational objectives in connection with Ms. Andrus’s role throughout the year as Chief Financial Officer. Ms. Andrus’s performance objectives for 2024 included the following:

Ensuring the integrity and timeliness of financial and regulatory reporting;

Continuing to monitor actual financial performance as compared to budget;

Overseeing and monitoring our tax credit investments;

Evaluating and appropriately managing finance and accounting organizational structure, systems, workflow and staffing requirements;

Managing the budgeting and forecasting process;

Overseeing our capital plan, including monitoring capital levels and recommending appropriate adjustments as needed; and

Financial performance.

In reviewing Ms. Andrus’s attainment of those objectives, Mr. Harlow made a subjective determination that Ms. Andrus was generally successful in achieving the objectives set for her. Accordingly, Mr. Harlow recommended that the Compensation Committee approve his determination that Ms. Andrus be paid the maximum possible bonus, which resulted in Ms. Andrus receiving a total cash incentive bonus for 2024 equal to 20% of her base salary and a 5% deferred bonus that is eligible to be paid in cash at the end of 2027.

Mr. Lawrence

Mr. Lawrence, who served as the Company’s Chief Financial Officer since April 1, 2015, resigned from his position with the Company effective May 7, 2024, to pursue other career interests.

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Mr. Lawrence was eligible for a bonus of up to 25% of his base salary. The 2024 performance objectives for Mr. Lawrence included overall financial performance, strategic and operational objectives in connection with Mr. Lawrence’s role throughout the year as Chief Financial Officer. Mr. Lawrence’s performance objectives for 2024 included the following:

Ensuring the integrity and timeliness of financial and regulatory reporting;

Continuing to monitor actual financial performance as compared to budget;

Overseeing and monitoring our tax credit investments;

Evaluating and appropriately managing finance and accounting