Donald W. Washington
Director at HBCP
Board
About Donald W. Washington
Independent director of Home Bancorp, Inc. (HBCP), age 70, currently serves on the Board since October 15, 2021 after a prior stint from June 2016 to March 2019; he is a partner at Jones Walker LLP and formerly served as the 11th Director of the U.S. Marshals Service (USMS) from March 2019 to September 2021 . He holds a J.D. from South Texas College of Law and a B.S. in Mechanical Engineering from the United States Military Academy at West Point, bringing legal, regulatory, and federal law‑enforcement leadership experience to the Board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| U.S. Marshals Service | Director | Mar 2019 – Sep 2021 | Led federal law‑enforcement agency; brings compliance and operational risk oversight expertise |
| Home Bancorp, Inc./Home Bank | Director (prior service) | Jun 2016 – Mar 2019 | Stepped off Board upon USMS appointment; rejoined Oct 2021 |
External Roles
| Organization | Type | Role | Status |
|---|---|---|---|
| University of Louisiana‑Lafayette Foundation | Non‑profit | Board member | Current |
| U.S. Marshals Survivors Benefit Fund | Non‑profit | Board member | Current |
| Louisiana Military Museum | Non‑profit | Board member | Current |
| Innocence Project of New Orleans | Non‑profit | Board member | Prior |
| Public Affairs Research Council of Louisiana | Non‑profit | Board member | Prior |
| Community Foundation of Acadiana | Non‑profit | Board member | Prior |
| Pines to the Gulf Girl Scout Council | Non‑profit | Board member | Prior |
| Lafayette Education Foundation | Non‑profit | Board member | Prior |
| Goodwill Industries of Acadiana | Non‑profit | Board member | Prior |
| Public company boards | — | — | None disclosed |
Board Governance
- Independence: Board determined Washington is an independent director under Nasdaq listing standards .
- Committee assignments: Audit Committee member; not listed on Compensation or Nominating .
- Chair roles: None (Audit Chair is Paul J. Blanchet; Compensation Chair is John A. Hendry; Nominating Chair is Chris P. Rader) .
- Attendance: Board met 7 times in 2024; no director attended fewer than 75% of required Board and committee meetings . Three directors attended the May 2024 annual meeting (individual attendance not disclosed) .
- Committee activity: Audit Committee met 16 times in 2024; Compensation Committee met once in 2024 .
| Governance Item | Detail |
|---|---|
| Independence | Independent |
| Committees | Audit (member) |
| Years of service (current) | Director since Oct 15, 2021; nominee for term expiring 2028 |
| Board meeting attendance policy | ≥75% achieved for all directors in 2024 |
| Audit Committee meeting frequency | 16 meetings in 2024 |
Fixed Compensation
| Component | Structure | 2024 Amount (Washington) |
|---|---|---|
| Annual Board retainer (Home Bank) | $22,000 cash | Included in fees |
| Board meeting fee | $800 per meeting attended | Included in fees |
| Committee meeting fee | $550 per meeting attended | Included in fees |
| Chair premium | +$100 per meeting for chairs | Not applicable |
| Fees earned or paid in cash | — | $39,300 |
| All other compensation | Christmas gift | $400 |
Performance Compensation
| Component | Detail | 2024 |
|---|---|---|
| Stock awards (RSUs) | Aggregate grant date fair value (ASC 718) | $22,494 |
| Options | None awarded to directors in 2024 table for Washington | — |
| RSUs outstanding (12/31/2024) | Unvested RSUs held | 1,440 |
No director‑specific performance metrics (TSR, ROA, EPS hurdles) are disclosed for director equity; director equity is time‑vested RSUs (vesting terms for directors not specified) .
Other Directorships & Interlocks
| Item | Detail |
|---|---|
| Other public company boards | None disclosed |
| Compensation Committee interlocks | None in 2024 (committee comprised of independent directors; no interlocks) |
| Potential interlocks with customers/suppliers | Not disclosed; no related‑party transactions involving directors reported |
Expertise & Qualifications
- Legal/regulatory and governance: Partner at Jones Walker LLP; practice includes complex civil/criminal litigation and internal/government investigations .
- Federal operations leadership: Former USMS Director; strong risk oversight and compliance perspective .
- Education: J.D., South Texas College of Law; B.S., Mechanical Engineering, West Point .
Equity Ownership
| Measure | Value |
|---|---|
| Beneficial ownership (as of Mar 24, 2025) | 4,639 shares; <1% of outstanding |
| RSUs vesting within 60 days (included in beneficial ownership per SEC rules) | 360 |
| RSUs outstanding (12/31/2024) | 1,440 |
| Pledged shares | None indicated (unless otherwise noted; none for Washington) |
| Ownership guidelines | Directors expected to own ≥$150,000 in HBCP stock or ≥6,000 shares if ≤$25/share; all non‑employee directors currently satisfy guidelines |
| Hedging/insider trading policy | Hedging by directors only with Board pre‑clearance; blackout periods apply; pre‑trade notification required |
Governance Assessment
- Strengths: Independent Audit Committee member with deep legal/investigative background enhances risk oversight; independent status affirmed; high committee engagement (Audit met 16x) supports strong monitoring .
- Alignment: Director pay is modest and balanced between cash fees and time‑vested RSUs; beneficial ownership disclosed; directors meet ownership guidelines; no pledging reported .
- Conflicts: Washington’s law‑firm partnership could pose potential conflicts if the firm transacts with HBCP; no related‑party transactions or preferential loans reported; robust recusal policy in place for related matters (mitigation) .
- Attendance/Engagement: Board met 7 times and all directors met the 75% threshold; individual annual meeting attendance not disclosed (neutral) .
- Board‑level risk context: Combined CEO/Chair structure persists, a governance risk mitigated by independent committees and regulatory oversight typical of bank holding companies .
Red Flags: None disclosed specific to Washington. No hedging without Board pre‑clearance; no pledging indicated; no related‑party transactions flagged; no Section 16(a) delinquencies reported for directors .