On February 14, 2024, Home Federal Bancorp, Inc. of Louisiana entered into a Transition Agreement with Glen W. Brown, the Senior Vice President and Chief Financial Officer of each of the Employers. The Transition Agreement provides that Mr. Brown will continue to serve as Senior Vice President and Chief Financial Officer on an at-will basis through and including December 31, 2024 (Transition Period). Commencing on January 1, 2025, Mr. Brown will serve the Employers as Treasurer on a part-time (no more than 20 hours per week) or as-needed consultant basis, and Mr. Brown will retire on or before November 15, 2025 (or such shorter period as shall be mutually agreed to by the parties in good faith).

Between now and December 31, 2024, Mr. Brown will assist and train his successor.