# EDGAR Filing Document

**Accession Number:** 0001325878
**File Stem:** 0001325878-23-000039
**Filing Date:** 2023-2
**Character Count:** 16700
**Document Hash:** a8acb2660412e9e9dffbce22d4c2edb9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001325878-23-000039.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001325878-23-000039

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20221102

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federal Home Loan Bank of Topeka
- **CENTRAL INDEX KEY:** 0001325878
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **IRS NUMBER:** 480561319
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-52004
- **FILM NUMBER:** 23638162

**BUSINESS ADDRESS:**
- **STREET 1:** 500 SW WANAMAKER ROAD
- **STREET 2:** PO BOX 176
- **CITY:** TOPEKA
- **STATE:** KS
- **ZIP:** 66601-0176
- **BUSINESS PHONE:** 785 233 0507

**MAIL ADDRESS:**
- **STREET 1:** 500 SW WANAMAKER ROAD
- **STREET 2:** PO BOX 176
- **CITY:** TOPEKA
- **STATE:** KS
- **ZIP:** 66601-0176

?xml version="1.0" ? fhlbt-20221102

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K/A** 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): November 2, 2022

**Federal Home Loan Bank of Topeka** 

__________________________________________

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Federally chartered corporation of the United States** | **000-52004** | **48-0561319** |
| (State or other jurisdiction<br>of incorporation) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification No.) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**500 SW Wanamaker Road,**<br>**Topeka**, **KS** |  | **66606** |
| (Address of principal executive offices) |  | (Zip Code) |

---

Registrant's telephone number, including area code: 785.233.0507

Not Applicable

___________________________________________

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange**<br>**on which registered** |
| None | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**<u>[Top of Form](#i281f1bcbff454cb9ba55682a2f733e5a_4)</u>**

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On November 8, 2022, the Federal Home Loan Bank of Topeka ("FHLBank") announced the election of Thomas E. Henning, Barry J. Lockard, Carla D. Pratt, Douglas E. Tippens, and Lance L. White to its Board of Directors. The election of these directors was reported under Item 5.02 of FHLBank's Current Report on Form 8-K dated November 8, 2022. At the time of such report, FHLBank had not yet received non-objection from the Federal Housing Finance Agency (FHFA) for its 2023 Board of Directors Compensation Policy.

This Form 8-K/A reports that on February 14, 2023, the FHFA informed FHLBank of its non-objection to FHLBank's 2023 Board of Directors Compensation Policy, which was adopted by FHLBank's board of directors on January 26, 2023.

FHLBank will compensate its directors pursuant to FHLBank's 2023 Board of Directors Compensation Policy, which became effective as of January 1, 2023. FHLBank directors will receive the payment of fees that are intended to compensate directors for their time preparing for and attending board and committee meetings and fulfilling the other obligations of a director of FHLBank. The 2023 Board of Directors Compensation Policy establishes a Maximum Annual Compensation, which generally provides that a director (other than board chair, board vice chair, and committee chairs) shall be paid an annual fee of $120,000. The board chair shall be paid an annual fee of $155,000, the board vice chair shall be paid an annual fee of $134,500, and directors serving as committee chairs shall be paid an annual fee of $130,000. In the event an individual serves as both vice chair and as a committee chair, that individual shall be entitled to an increase of $5,000 in his or her Maximum Annual Compensation. Directors will receive one quarter of the Maximum Annual Compensation following the end of each calendar quarter. Directors will also be entitled to reimbursement for all necessary and reasonable travel, subsistence and other related expenses incurred in connection with the performance of their official duties. Directors may realize the benefit of reasonable spouse/partner/significant other/family guest travel expenses that qualify as perquisites for one meeting per calendar year as designated by the chair of the board. Directors are also entitled to participate in FHLBank's Benefit Equalization Plan, a non-qualified, unfunded deferred compensation plan, under which each director may defer all or a portion of his or her compensation.

The foregoing description of the 2023 Board of Directors Compensation Policy is qualified in its entirety by reference to the copy of the 2023 Board of Directors Compensation Policy attached hereto as Exhibit 10.1 and incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

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| | |
|:---|:---|
| &nbsp;&nbsp;**Exhibit Index** | &nbsp;&nbsp;**Exhibit Description** |
| <u>[10.1](boardofdirectorscompensati.htm)</u> | &nbsp;&nbsp;2023 Board of Directors Compensation Policy |
| 104 | &nbsp;&nbsp;Cover Page Interactive Data File embedded within the Inline XBRL document. |

---

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**<u>[Top of Form](#i281f1bcbff454cb9ba55682a2f733e5a_4)</u>**

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | Federal Home Loan Bank of Topeka |
| 02/16/2023 | *By: /s/ Carl M. Koupal, III* |
| Date | *Name: Carl M. Koupal, III* |
|  | *Title: Senior Vice President, Chief Legal and Ethics Officer, Corporate Secretary* |

---

## Exhibit 10.1

**Exhibit 10.1**

---

| | |
|:---|:---|
| ![fhlbt_loga3a.jpg](fhlbt_loga3a.jpg) | &nbsp;&nbsp;**2023 BOARD OF DIRECTORS COMPENSATION POLICY** |
| ![fhlbt_loga3a.jpg](fhlbt_loga3a.jpg) | &nbsp;&nbsp;**2023 BOARD OF DIRECTORS COMPENSATION POLICY** |

---

January 26, 2023

(Effective as of January 1, 2023)

**<u>Policy Information</u>**

---

| | |
|:---|:---|
| Document Title: | **2023 Board of Directors Compensation Policy** |
| Content Owner: | **Chief Human Resources and Inclusion Officer (CHRIO)** |
| Certification of Compliance Contact: | **N/A** |
| Policy Category: | **FHLBank Policy** |
| FHLBank-Level Approver: | **President and Chief Executive Officer (CEO)** |
| Board-Level Approver: | **Full Board (Compensation, Human Resources and Inclusion)** |
| Review Frequency: | **Annually** |
| Initial Effective Date: | **01/01/2010** |
| Last CEO Approval Date: | **01/20/2023** |
| Next Review Date: | **10/2023** |

---

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2023 Board of Directors Compensation Policy \| **January 26, 2023**

**Page 2 of 3**

**<u>Introduction</u>**

This FHLBank Policy (Policy), governed by the board of directors (board), governs the compensation of individuals serving as directors of the Federal Home Loan Bank of Topeka (FHLBank). Section 7(i) of the Federal Home Loan Bank Act and 12 U.S.C. §1261.22 require the board annually to adopt a written compensation policy to provide for the payment of reasonable compensation and expenses to the directors for the time required of them in performing their duties as directors.

**<u>Purpose</u>**

Directors should be reasonably compensated for the time and effort exerted in the performance of their duties as a director of FHLBank. This Policy establishes reasonable compensation for the activities and functions for which director attendance or participation is necessary and provides compensation reflecting the total amount of time a director has spent on FHLBank business. Differentials in meeting attendance fees for the chair, vice chair and the various committee chairs shall reflect the additional responsibility assumed by these directors.

**<u>Policy</u>**

<u>Compensation</u>. The Maximum Annual Compensation for FHLBank directors shall be as follows:

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| | |
|:---|:---|
| Position | Maximum Annual Compensation<sup>[1]</sup> |
| Chair of Board | $155000 |
| Vice Chair of Board | $134500 |
| Committee Chair | $130000 |
| Director | $120000 |

---

An individual serving as chair of the board shall not be entitled to annual compensation in excess of the amount to which the individual is entitled for such service due to concurrent service as a committee chair. An individual serving as vice chair of the board shall be entitled to an increase of $5,000 in his or her Maximum Annual Compensation in the event the individual serves as both vice chair of the board and a committee chair.

In order to compensate directors for their time while serving as directors, a director shall receive one quarter of the Maximum Annual Compensation following the end of each calendar quarter. The payment is intended to compensate directors for their time preparing for and attending board and committee meetings and fulfilling the other obligations of a director of FHLBank. In the event that a director serves on the board for only a portion of a calendar year, or only serves as chair of the board, vice chair of the board, or a committee chair for a portion of a calendar year, then the Maximum Annual Compensation to which the director is entitled for that calendar year shall be adjusted accordingly on a pro-rata basis (to be calculated based on the number of days the director served on the board during the calendar year).

The Maximum Annual Compensation amounts are based on an evaluation of McLagan market research data, including the appropriate peer group and peer positioning, a fee comparison among the FHLBanks and the board's assessment of appropriate and comparable pay that will allow the FHLBank to recruit and retain highly qualified directors.

Directors may choose to defer compensation as further described in FHLBank's Benefit Equalization Plan.

____________________________

<sup>1</sup> In addition to the Maximum Annual Compensation, a director may also realize the benefit of reasonable spouse/partner/significant other/family guest travel expenses that qualify as perquisites as set forth in the Directors and Executive Officers Travel Policy, for one meeting per calendar year, as designated by the chair of the board.

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2023 Board of Directors Compensation Policy \| **January 26, 2023**

**Page 3 of 3**

*Peer Group*. The FHLBank's peer group is defined by organizations with which the FHLBank competes for business and/or talent. The primary peer group for FHLBank's directors is U.S. banks with assets of $10 billion to $20 billion and U.S. banks with assets of $20 billion to $65 billion, representing banks, like FHLBank, subject to enhanced regulatory requirements including incentive compensation requirements under Section 956 of the Dodd-Frank Act, as well as the other FHLBanks. FHLBank also reviews director compensation of Fannie Mae, Freddie Mac and Office of Finance for reference points when evaluating director compensation, but does not consider such entities part of the peer group.

*Pay Positioning.* FHLBank will consider the 25<sup>th</sup>, 50<sup>th</sup> and 75<sup>th</sup> percentiles when establishing director compensation. However, FHLBank will generally compensate directors between the 25<sup>th</sup> and 50<sup>th</sup> percentile of the market data.

<u>Adjustments in Compensation</u>. Only fees that reflect performance of official FHLBank business shall be paid to a director. This Policy is structured to allow decreases in compensation to reflect lesser attendance or performance at board or committee meetings during a given year.

If it is determined at the end of the calendar year that a director has attended less than 75 percent of the meetings of the board and the meetings of the committees to which the director is assigned (including any meetings held via conference call), combined, during such year, the director will not receive the one quarter of the Maximum Annual Compensation scheduled to be paid for the fourth quarter of such calendar year. Participation via conference call will not count as attendance for in person meetings of the board or a committee. Exceptions to this paragraph may be granted by the chair of the Compensation, Human Resources and Inclusion committee (CHRIC) or, in the case of considering attendance by the chair of the CHRIC, an exception may be granted by the chair of the board.

Further, the chair of the CHRIC shall have the authority, in their sole discretion, to recommend that the board reduce the compensation of any director to reflect lesser performance at board or committee meetings during a given year. The chair of the board shall have the authority, in his or her sole discretion, to recommend that the board reduce the compensation of the chair of the CHRIC to reflect lesser performance at board or committee meetings during a given year. If the chair of the CHRIC or the chair of the board, as appropriate, determines that the compensation paid to a director does not reflect the director's performance of official FHLBank business, the chair of the CHRIC or the chair of the board, as appropriate, may recommend that the board authorize a clawback of that director's compensation in an amount to be determined by the board.

On a quarterly basis, the chair of the CHRIC and the chair of the board shall review attendance records, as prepared by the corporate secretary, and shall use those records, in addition to considering director performance, when determining whether to recommend the board reduce or clawback a director's compensation.

<u>Number of Meetings</u>. The board shall hold at least six regular board meetings per year. Special meetings of the board may be held as provided in the FHLBank's Bylaws.

<u>Reimbursement of Expenses</u>. Directors shall be entitled to reimbursement for all necessary and reasonable travel, subsistence and other related expenses incurred in connection with the performance of their official duties as provided in the Directors and Executive Officers Travel Policy, except that directors may not be paid for gift or entertainment expenses.

**<u>Policy Review</u>**

This Policy shall be reviewed annually and revised as needed by the CHRIO. Following such review, the Policy shall be submitted for review by the Executive Team and approval by the President and CEO. In the event of any revisions to the Policy, such revisions shall be submitted for review and approval by the CHRIC and the board, which shall occur no less than annually.

<br>