Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Hometrust Bancshares, Inc. (“Hometrust” or the “Company”) (NasdaqGM: HTBI) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Company’s 2013 Omnibus Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 5, 2012, the Board of Directors recommends that Hometrust’s shareholders vote to approve the Company’s 2013 Omnibus Incentive Plan to authorize up to 2,962,400 shares of common stock to be utilized for awards of stock options, stock appreciation rights and restricted stock awards. The issuance of the additional shares could have a substantial dilutive effect on the shares of Hometrust common stock.
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