CLARENCE E. HAMRE - Corporate Board Profile

TIMBERLAND BANCORP INC

Filing Date	Source Excerpt
2001-12-21	Clarence E. Hamre has been affiliated with the Bank since 1969 and has served as President and Chief Executive Officer since 1969. His total compensation for 2001 was $274,208.
2002-12-20	Clarence E. Hamre has been affiliated with the Bank since 1969 and has served as President and Chief Executive Officer since 1969. During the fiscal year ended September 30, 2002, the base salary of the Company's President and Chief Executive Officer, Clarence E. Hamre, was $175,000. In addition, he received an incentive bonus of $47,841 and was credited with $46,955 in other compensation as set forth in the preceding Summary Compensation Table. This resulted in total compensation of $269,796.
2003-12-24	Clarence E. Hamre is Chairman of the Board of the Company and the Bank. He has been affiliated with the Bank since 1969 and served as President and Chief Executive Officer of the Bank since 1969 and as President and Chief Executive Officer of the Company since 1997. In January 2003, Mr. Hamre retired as President of the Bank and the Company and on September 30, 2003, he retired as Chief Executive Officer of the Bank and the Company. The following table shows the compensation paid to the Company's Chief Executive Officer and named executive officer, whose salary and bonus exceeded $100,000, during the fiscal year ended September 30, 2003. Clarence E. Hamre total compensation was $312,925.
2004-12-21	Clarence E. Hamre is Chairman of the Board of the Company and the Bank. He served as President and Chief Executive Officer of the Bank since 1969 and as President and Chief Executive Officer of the Company since 1997. He retired as President in January 2003 and as CEO on September 30, 2003.
2005-12-21	Clarence E. Hamre is Chairman of the Board of the Company and the Bank. He has been affiliated with the Bank since 1969 and served as President and Chief Executive Officer of the Bank since 1969 and as President and Chief Executive Officer of the Company since 1997. In January 2003, Mr. Hamre retired as President of the Bank and the Company and on September 30, 2003, he retired as Chief Executive Officer of the Bank and the Company.
2006-12-15	Clarence E. Hamre is Chairman of the Board of Timberland and Timberland Bank. He retired as President and CEO in 2003 and remained an employee through February 2004 providing consulting services.
2007-12-18	Clarence E. Hamre is Chairman of the Board of Timberland and Timberland Bank. The Nominating Committee currently consists of Directors Clinton, Smith, Robbel, Warren and Hamre. The following table shows the compensation paid to our non-employee directors for the fiscal year ended September 30, 2007. Clarence E. Hamre compensation total $49,433.
2008-12-19	Clarence E. Hamre is Chairman of the Board of Timberland and Timberland Bank, and has been affiliated with us since 1969. He began serving as President and Chief Executive Officer of Timberland Bank in 1969 and as President and Chief Executive Officer of Timberland upon its inception in 1997. In January 2003, Mr. Hamre retired as our President and in September 2003, he retired as our Chief Executive Officer. Following his retirement, Mr. Hamre remained an employee through February 2004 and provided consulting services. For the year ended September 30, 2008, each of the non-employee directors received a retainer of $1,500 per month, $500 for each regular Board meeting attended, $500 for each Audit Committee meeting attended and $300 for each other committee meeting attended. In addition, each non-employee director may receive a discretionary stock-based award based on attendance criteria. Each non-employee director was granted 1,168 shares of restricted common stock under Timberland=s Management Recognition and Development Plan in December 2008 for meeting the attendance criteria during the year ended September 30, 2008. Timberland Bank entered into a deferred compensation/non-competition agreement in 1994 with Clarence E. Hamre, its former Chief Executive Officer, which provides monthly payments of $2,000 per month upon retirement. Payments under this agreement began in March 2004 and will continue until Mr. Hamre=s death, at which time payments will continue to his surviving spouse until the earlier of her death or for 60 months. The present value of the payments as of September 30, 2008 and 2007, $129,000 and $153,000, respectively, has been accrued under the agreement and is included in other liabilities on the consolidated balance sheets. The Bank=s obligation to make payments under the agreement is subject to the condition that Mr. Hamre not compete with the Bank for a period of 15 years after the termination of his employment. The following table shows the compensation paid to our non-employee directors for the fiscal year ended September 30, 2008. Compensation for Michael R. Sand, who is our President and Chief Executive Officer, is included in the section below entitled AExecutive Compensation.@ We do not have any non-equity incentive plans or defined benefit plans, nor do we permit deferral of compensation on a basis that is not tax-qualified. The following table shows the compensation paid to our non-employee directors for the fiscal year ended September 30, 2008. For the year ended September 30, 2008, each of the non-employee directors received a retainer of $1,500 per month, $500 for each regular Board meeting attended, $500 for each Audit Committee meeting attended and $300 for each other committee meeting attended. In addition, each non-employee director may receive a discretionary stock-based award based on attendance criteria. Each non-employee director was granted 1,168 shares of restricted common stock under Timberland=s Management Recognition and Development Plan in December 2008 for meeting the attendance criteria during the year ended September 30, 2008. Timberland Bank entered into a deferred compensation/non-competition agreement in 1994 with Clarence E. Hamre, its former Chief Executive Officer, which provides monthly payments of $2,000 per month upon retirement. Payments under this agreement began in March 2004 and will continue until Mr. Hamre=s death, at which time payments will continue to his surviving spouse until the earlier of her death or for 60 months. The present value of the payments as of September 30, 2008 and 2007, $129,000 and $153,000, respectively, has been accrued under the agreement and is included in other liabilities on the consolidated balance sheets. The Bank=s obligation to make payments under the agreement is subject to the condition that Mr. Hamre not compete with the Bank for a period of 15 years after the termination of his employment.