Daniel P. McCoy
About Daniel P. McCoy
Daniel P. McCoy (age 55) was elected as an independent director of Southern Missouri Bancorp, Inc. (SMBC) at the October 20, 2025 annual meeting for a term expiring in 2028. He is co‑founder and managing partner of BSH Companies (since 2005), and previously served as Senior Managing Director of Global Workplace Solutions at Trammell Crow Company/CBRE; earlier roles included positions at a life insurance company, the U.S. House of Representatives, and the State of Wisconsin Legislature. He holds an MBA from Harvard University and a BA from the University of Wisconsin–Madison .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| BSH Companies | Co‑founder & Managing Partner | Founded 2005 | Led investments across self‑storage, student housing, single-family residential, land, medical office, and bank REO assets |
| Trammell Crow Company / CBRE Group | Senior Managing Director, Global Workplace Solutions | Prior to BSH | Led full‑service outsourcing for large real estate occupiers |
| Life insurance company | Various | Earlier career | Financial/operational experience |
| U.S. House of Representatives | Staff | Earlier career | Public service background |
| State of Wisconsin Legislature | Staff | Earlier career | Public service background |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Tessera | Board member | Current | Board service (company not specified as public) |
| Graaskamp Center for Real Estate (UW–Madison) | Board member | Current | Academic/industry center governance |
| Montessori School of Denver | Board member | Current | Non‑profit governance |
Board Governance
- Independence: The Board determined McCoy is independent under Nasdaq Rule 5605(a)(2) (along with nominee Bower) .
- Election outcome: McCoy received 7,804,746 votes “FOR,” 5,890 “AGAINST,” 273,841 “ABSTAIN,” and 908,774 broker non‑votes (three‑year term to 2028) .
- Board/committee structure: Standing committees—Audit (Chair: Love), Compensation (Chair: Robison), Nominating (Chair: Brooks). Committee compositions are disclosed for FY2025; McCoy’s post‑election committee assignments were not yet listed .
- Attendance: The Board held 12 regular and 6 special meetings in FY2025; no director attended fewer than 75% of aggregate Board+committee meetings. All directors attended the prior annual meeting except the CEO due to extenuating circumstances .
- Leadership: CEO and Chairman roles combined (since July 2022); Lead Independent Director/Vice‑Chairman is L. Douglas Bagby. Risk oversight is delegated to committees; cybersecurity overseen by the IT Committee and Board .
- Stock pledging/hedging: Insider Trading Policy discourages pledging and prohibits hedging without preclearance; as of the proxy, the CEO has not permitted any director/executive/team member to engage in hedging .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Company Board cash fee | $1,250/month | FY2025 rate; unchanged since Aug 2021 |
| Bank Board cash fee | $1,250/month | FY2025 rate; unchanged since Aug 2021 |
| Regional Loan Approval Committees (non‑employee directors serving) | $1,000/month | Only for directors serving on these committees |
| Directors’ Retirement Agreements | 5 annual payments post‑retirement equal to prior year cash fees × vested % (50% after 5 yrs; 75% after 10; 100% after 15) | Applies to all Southern Bank directors except Steffens, Jones, McClain, Young; unfunded, unsecured |
Notes:
- Director compensation is set annually by the Compensation Committee and ratified by the Board .
Performance Compensation
| Award Type | Grant Details | Vesting | Value Basis |
|---|---|---|---|
| Non‑employee Director RSU (Company practice FY2025) | 400 shares granted 2/18/2025 to all directors except CEO under 2024 Omnibus Incentive Plan | 20% annually on each Feb 9 from 2026–2030 | Grant-date fair value; directors’ stock awards in FY2025 table show $24,168 per director |
| Stock Options (McCoy) | 5,000 options granted 10/20/2025 at $50.05 strike; expire 10/20/2035 | 20% annually; first vest 10/20/2026; then annually thereafter | Price set at grant; reported on Form 4 |
Company performance metrics used to link incentive pay (executives) to performance—context for compensation governance:
| Key Performance Measures (FY2025) |
|---|
| Diluted EPS; Tangible ROATCE; ROAA; Net interest margin; Non‑performing asset ratio |
Other Directorships & Interlocks
- No other public company directorships disclosed for McCoy; current roles are with Tessera, Graaskamp Center (UW–Madison), Montessori School of Denver .
- No disclosed interlocks with SMBC competitors/suppliers/customers beyond standard community/industry boards .
Expertise & Qualifications
- The Board’s skills matrix highlights director expertise areas; McCoy’s biography evidences finance, management, and real estate expertise relevant to SMBC’s lending and collateralized asset risk profile .
- Education: MBA (Harvard), BA (University of Wisconsin–Madison) .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Common shares owned (Form 3) | 2,000 | Direct ownership reported 10/24/2025 |
| Options held (Form 4) | 5,000 | Strike $50.05; expires 10/20/2035; vests 20% annually starting 10/20/2026 |
| Shares outstanding (record date) | 11,290,667 | As of 8/29/2025 |
| Ownership % (common) | ~0.018% | Calculated from 2,000 ÷ 11,290,667; inputs cited above |
| Hedging/Pledging | Hedging prohibited; pledging discouraged with strict preclearance; none permitted to date | Insider Trading Policy |
Insider Trades
| Date | Form | Security | Quantity | Price/Strike | Vesting/Expiration |
|---|---|---|---|---|---|
| 10/24/2025 | Form 3 | Common Stock | 2,000 (Direct) | — | — |
| 10/27/2025 (trade date 10/20/2025) | Form 4 | Stock Options (right to buy) | 5,000 (A) | $50.05 strike | 20% annually from 10/20/2026; expires 10/20/2035 |
Governance Assessment
- Board effectiveness and engagement: McCoy adds domain expertise in real estate and operations; strong shareholder mandate with 7.8M “FOR” votes supports Board refresh and governance continuity .
- Independence/committees: McCoy is independent; committee assignments not yet disclosed post‑election—watch for FY2026 committee rosters to assess audit/comp/nomination workload distribution .
- Compensation alignment: Director pay structure combines modest fixed cash ($30k/year across Company+Bank boards) with equity. McCoy’s 2025 option grant (vs. RSUs granted earlier to sitting directors) adds longer‑dated, performance‑linked exposure; vesting discourages short‑termism .
- Ownership/skin‑in‑the‑game: Initial 2,000 shares and 5,000 options provide alignment; hedging banned and pledging discouraged—positive for shareholder alignment and downside exposure integrity .
- Conflicts/related party exposure: SMBC permits ordinary‑course loans to directors/executives at market terms; total loans to directors/executives/associates were ~$14.4M (2.6% of equity) as of 6/30/2025, all performing. Audit Committee reviews and approves related‑party transactions; no McCoy‑specific related‑party transactions disclosed—monitor for any BSH‑related dealings .
- Shareholder feedback: 2025 say‑on‑pay approved (7,379,508 “FOR”); auditor ratification passed (8,635,106 “FOR”), indicating broad investor support of governance and pay structures .
RED FLAGS to monitor:
- Committee assignment clarity: Absence of disclosed committee roles for McCoy post‑election—verify in next proxy/Board updates for involvement in Audit/Compensation (key for governance impact) .
- Director retirement agreements: Guaranteed post‑service cash payouts (vesting by tenure) can create entrenchment incentives; consider net effect alongside equity exposure .
- Related‑party loans policy: While ordinary‑course and reviewed, aggregate insider credit exposure warrants periodic scrutiny for preferential features or concentration risk .
Citations:
- SMBC 2025 DEF 14A proxy statement:
- SEC 8-K final voting results (10/20/2025):
- SEC Form 4 options grant (10/27/2025 filing, 10/20/2025 grant):
- SMBC investor site Form 4 access:
- Form 3/Form 4 summary (ownership):