Ann Forte Trappey
Director at HBCP
Board
About Ann Forte Trappey
Independent director of Home Bancorp, Inc. (HBCP) since June 1, 2020; age 66 as of March 24, 2025. Former CEO/President of Forte & Tablada for ~30 years; B.S. in Civil Engineering (Louisiana State University). Nominated for a three-year term expiring in 2028; the Board cites her business experience and community service as key credentials . The Board has determined she is independent under Nasdaq standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Forte & Tablada (F&T) | CEO/President; Owner/Manager | ~30 years; until Aug 2020 | Led engineering firm; significant community leadership cited by Board |
| Forte & Tablada | Advisory role; VP Director of Outreach | Aug 2020–Oct 2023 | Outreach leadership |
| Baton Rouge Area Chamber | Interim President & CEO | Oct 2023 | Regional economic development leadership; prior Board Chair (2016) |
External Roles
| Organization | Type | Role | Years |
|---|---|---|---|
| Baton Rouge Area Chamber | Economic development | Board Chair (2016) | 2016 |
| Louisiana American Council of Engineering Companies | Industry association | President | Not disclosed |
| Louisiana Engineering Foundation | Industry foundation | President | Not disclosed |
| Baton Rouge Rotary Club | Civic | President | Not disclosed |
| Public Affairs Research Council | Non-profit policy | Board member | Not disclosed |
Honors: LSU College of Engineering Hall of Distinction; Baton Rouge Business Report Woman of Achievement; Louisiana Engineering Society–Baton Rouge Chapter President’s Award; Girl Scouts Woman of Distinction .
Board Governance
- Committee assignments: Member, Corporate Governance and Nominating Committee; not on Audit or Compensation; no chair roles .
- Independence: Board determined Ms. Trappey is independent under Nasdaq listing standards .
- Attendance: Board met seven times in 2024; no director attended fewer than 75% of aggregate board and committee meetings (individual rates not disclosed) .
- Tenure: Director since 2020; nominated to a term expiring in 2028 .
- Board leadership structure: CEO also serves as Chairman, with majority independent board and established committees overseeing risk; bank regulatory environment cited as safeguard .
Fixed Compensation (Director)
| Component | 2024 Amount | Notes |
|---|---|---|
| Annual retainer (Home Bank service) | Policy: $22,000 | Directors are compensated by Home Bank, not separately by Home Bancorp |
| Board meeting fees | Policy: $800 per meeting | Chairman and Committee Chairs receive +$100 per meeting |
| Committee meeting fees | Policy: $550 per meeting | Applies to committee attendance |
| Cash fees paid (Ms. Trappey) | $47,300 | Fees Earned or Paid in Cash (2024) |
| All other compensation | $400 | Christmas gift (2024) |
| Total cash + other (Ms. Trappey) | $47,700 | Sum of cash fees and other |
Performance Compensation (Director Equity)
| Metric | 2024 Value | Vesting/Structure |
|---|---|---|
| Stock awards (grant-date fair value) | $22,494 | Director equity reported as stock awards; time-based RSUs; specific director vesting terms not disclosed |
| RSUs outstanding (12/31/2024) | 1,660 | As of year-end 2024 |
| Options | None | No option awards for directors in 2024 |
Performance metrics tied to director compensation (e.g., TSR targets, ESG goals) are not disclosed; director equity appears to be time-based RSUs .
Other Directorships & Interlocks
- Current public company boards: None disclosed beyond HBCP .
- Private/non-profit boards: Extensive civic and industry roles (see External Roles); no disclosed interlocks with HBCP competitors/suppliers/customers .
- Compensation Committee interlocks (company-wide): None in 2024; all Compensation Committee members were independent and not current/former officers .
Expertise & Qualifications
- Education: B.S., Civil Engineering, Louisiana State University .
- Technical/industry expertise: Engineering firm leadership; regional economic development; broad civic governance .
- Board qualifications: Board cites business experience and community service; independence and Nominating Committee participation .
Equity Ownership
| Item | Value | Notes |
|---|---|---|
| Total beneficial ownership (3/24/2025) | 4,729 shares; <1% of common stock | Includes RSUs vesting within 60 days; none of the shares are pledged unless otherwise indicated (no pledge indicated) |
| RSUs vesting within 60 days (included above) | 470 | Director RSUs counted per footnote |
| RSUs outstanding (12/31/2024) | 1,660 | As of year-end |
| Stock ownership guidelines | Directors expected to own at least $150,000 in stock (or ≥6,000 shares if price ≤ $25); all current non-employee directors meet guidelines |
Governance Assessment
- Board effectiveness: Ms. Trappey strengthens governance through independence and service on the Nominating Committee, which emphasizes board diversity, skills, and independence in director selection .
- Alignment: Cash/equity mix for Ms. Trappey ($47,300 cash; $22,494 stock) supports long-term alignment via RSUs; she meets stock ownership guidelines, with no pledging disclosed .
- Engagement: No director fell below 75% attendance; specific individual rates not disclosed—continued monitoring warranted .
- Conflicts/related-party exposure: Related-person lending follows regulatory standards, with recusal policies; no adverse loans or unfavorable features at year-end 2024; no disclosed related-party transactions involving Ms. Trappey .
- Risk indicators: Combined Chair/CEO role presents structural governance risk despite regulatory mitigants and independent committees; investors may prefer independent chair or robust lead independent director—no lead independent director disclosed .
- Compensation governance context: Committee independence affirmed; no compensation committee interlocks or insider participation; clawback policy amended to comply with SEC/Nasdaq in 2023 (company-wide) .
RED FLAGS to monitor
- Combined Chair/CEO leadership remains a governance concern (common in banks but increasingly scrutinized by investors) .
- Lack of disclosure of individual attendance rates may limit precision of engagement assessment; consider follow-up at annual meeting or future proxies .
Neutral/positive signals
- Independent director status; service on Nominating Committee with clear charter and independence .
- Equity holdings and compliance with ownership guidelines; no pledging disclosed .
- No related-party transactions requiring disclosure; standardized lending practices and recusal procedures .