THOMAS C. CLARK

Corporate Board Profile

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SECURITY FEDERAL CORP

Filing Date	Source Excerpt
2002-06-19	Thomas C. Clark was elected President of the Bank effective January 1, 2002. Prior to this he was Senior Vice President - Retail Banking since January 1, 1994. He held the position of Vice President - Consumer/Commercial Loans from July 1992 to January 1994. The Executive Committee, comprised of Director T. Clifton Weeks as Chairman and Directors Toole, Alexander, Simmons and Clark, meets on an as needed basis to handle matters arising between Board meetings. This Committee did not meet during fiscal 2002. The Loan Committee of the Board of Directors of the Bank is composed of T. Clifton Weeks as Chairman and Directors Toole, Alexander, Simmons and Clark. The Loan Committee is responsible for and oversees the Bank's loan activities. All actions of this Committee are reviewed and ratified by the entire Board. This Committee met 25 times during fiscal 2002. The Company does not compensate the members of its Board of Directors for service on the Board or committees. The Directors of the Bank receive fees of $860 per month. Members of the Executive Committee receive $835 per month for membership on this Committee, with the exception of Messrs. Simmons and Clark, who do not receive a fee for membership on this Committee. Members of the Audit Committee receive $121 per meeting attended. No fee is paid for membership on the Bank's Compensation or Loan Committees.
2003-06-24	Thomas C. Clark was elected President of the Bank effective January 1, 2002. Prior to this, he was Senior Vice President - Retail Banking since January 1, 1994. He held the position of Vice President - Consumer/Commercial Loans from July 1992 to January 1994. During the fiscal year ended March 31, 2003, Mr. Clark's salary was $113,240, including board fees of $10,740. In addition, he was credited with $14,285 in other compensation (comprised of deferred compensation pursuant to the Company's 401(k) Plan of $6,153, employer contributions to the 401(k) Plan of $5,604 and to the ESOP of $2,528) as set forth in the preceding Summary Compensation Table. This resulted in total compensation of $127,525.

Filing Date

Source Excerpt

2002-06-19

Thomas C. Clark was elected President of the Bank effective January 1, 2002. Prior to this he was Senior Vice President - Retail Banking since January 1, 1994. He held the position of Vice President - Consumer/Commercial Loans from July 1992 to January 1994. The Executive Committee, comprised of Director T. Clifton Weeks as Chairman and Directors Toole, Alexander, Simmons and Clark, meets on an as needed basis to handle matters arising between Board meetings. This Committee did not meet during fiscal 2002. The Loan Committee of the Board of Directors of the Bank is composed of T. Clifton Weeks as Chairman and Directors Toole, Alexander, Simmons and Clark. The Loan Committee is responsible for and oversees the Bank's loan activities. All actions of this Committee are reviewed and ratified by the entire Board. This Committee met 25 times during fiscal 2002. The Company does not compensate the members of its Board of Directors for service on the Board or committees. The Directors of the Bank receive fees of $860 per month. Members of the Executive Committee receive $835 per month for membership on this Committee, with the exception of Messrs. Simmons and Clark, who do not receive a fee for membership on this Committee. Members of the Audit Committee receive $121 per meeting attended. No fee is paid for membership on the Bank's Compensation or Loan Committees.

2003-06-24

Thomas C. Clark was elected President of the Bank effective January 1, 2002. Prior to this, he was Senior Vice President - Retail Banking since January 1, 1994. He held the position of Vice President - Consumer/Commercial Loans from July 1992 to January 1994. During the fiscal year ended March 31, 2003, Mr. Clark's salary was $113,240, including board fees of $10,740. In addition, he was credited with $14,285 in other compensation (comprised of deferred compensation pursuant to the Company's 401(k) Plan of $6,153, employer contributions to the 401(k) Plan of $5,604 and to the ESOP of $2,528) as set forth in the preceding Summary Compensation Table. This resulted in total compensation of $127,525.

Data sourced from SEC filings. Last updated: 2025-10-12