Capitol Federal Financial, Inc.
Exhibit 10.6
Named Executive Officer Salary and Bonus Arrangements
Base Salaries
The base salaries, effective July 9, 2016, for the executive officers (the
“named executive officers”) of Capitol Federal Financial, Inc. who are expected
to be named in the compensation table that appears in the Company’s annual
meeting proxy statement for the fiscal year ended September 30, 2016 are as
follows:
Name and Title
 
Base Salary
 
 
 
John B. Dicus
 
$625,000
Chairman, President and Chief Executive Officer
 
 
 
 
 
Kent G. Townsend
 
$342,500
Executive Vice President, Chief Financial Officer and Treasurer
 
 
 
 
 
Rick C. Jackson
 
$244,000
Executive Vice President
 
 
 
 
 
Frank H. Wright
 
$230,000
Former Executive Vice President(1)
 
 
 
 
 
Carlton A. Ricketts
 
$228,000
Executive Vice President
 
 

(1)Mr. Wright retired subsequent to September 30, 2016.

Bonus Plans
The Compensation Committee of the Company’s Board of Directors has approved a
short-term performance plan (the “STPP”). The STPP provides for annual bonus
awards, as a percentage of base salary, to selected management personnel based
on the achievement of pre-established corporate and individual performance
criteria. Awards, if any, are typically made in January for the fiscal year
ended the preceding September 30th. The STPP will expire following the payment
of bonuses for fiscal year 2020. The STPP was filed on August 4, 2015 and is
incorporated by reference as Exhibit 10.10 to the Quarterly Report on Form 10-Q
for the quarter ended June 30, 2015.

The corporate performance criteria under the STPP are comprised of targeted
levels of the Company’s return on average equity, basic earnings per share and
efficiency ratio.

Under the STPP, the maximum potential annual bonus awards for the executive
officers whom the Company expects to be named in the summary compensation table
in the Company’s proxy statement for its annual meeting of stockholders
following the end of fiscal year 2016 are as follows: John B. Dicus, Chairman,
President and Chief Executive Officer, 60% of base salary; Kent G. Townsend,
Executive Vice President, Chief Financial Officer, and Treasurer, 40% of base
salary; Rick C. Jackson, Executive Vice President and Chief Lending Officer, 40%
of base salary; Carlton A. Ricketts, Executive Vice President for Corporate
Services, 40% of base salary; and Frank H. Wright, Executive Vice President for
Retail Operations, 40% of base salary.

The Compensation Committee of the Company’s Board of Directors has approved a
deferred incentive bonus plan (the “DIBP”). Under the DIBP, a portion of the
bonus awarded under the STPP (from $2 thousand to as much as 50% of the award,
up to a maximum of $100 thousand) to an officer eligible to participate in the
DIBP may be deferred under the DIBP for a three year period. The total amount of
the deferred bonus, plus up to a 50% Company match, is deemed to be invested in
the Company’s common stock at the closing price as of the December 31st
immediately preceding the deferral date. If the participant is still employed at
the end of the deferral period, the participant will receive a cash payment
equal to the sum of: (1) the deferred amount, (2) the Company match, (3) the
value of all dividend equivalents paid during the deferral period on the Company
common stock in which the participant is deemed to have invested and (4) the
appreciation, if any, during the deferral period on the Company common stock in
which the participant is deemed to have invested. The DIBP was filed on May 5,
2009 and is incorporated by reference as Exhibit 10.4 to the Quarterly Report on
Form 10-Q for the quarter ended March 31, 2009.