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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Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Hometrust and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/HTBI or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Attn: Juan E. Monteverde, Esq.
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Phone: (212) 983-9330
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