Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Election of Directors
On September 25, 2026, Mr. Barry J. Lockard, President and CEO of Cornhusker Bank in Lincoln, Nebraska, was deemed elected as a member director of the Federal Home Loan Bank of Topeka (FHLBank) from the State of Nebraska for a four-year term commencing January 1, 2027, and expiring December 31, 2030.
The member directorship is being filled without election because only one nominee, Mr. Lockard, accepted the nomination for the one member directorship up for election in Nebraska in 2026. Mr. Lockard was deemed elected to FHLBank's board of directors in accordance with the rules governing the election of Federal Home Loan Bank directors specified in the Federal Home Loan Bank Act of 1932, as amended (Bank Act), and the regulations of the Federal Housing Finance Agency (FHFA). A
At the time of filing there has been no determination on which committees Mr. Lockard may serve in 2027.
Pursuant to the Bank Act and FHFA regulations, the majority of FHLBank's directors, known as member directors, are elected by FHLBank's membership in each state. The remaining directors, known as independent directors, are elected through district-wide elections. In the normal course of its business, FHLBank extends credit to members whose officers or directors may serve as member directors of FHLBank. All loans extended by FHLBank to such members are on market terms that are no more favorable to them than the terms of comparable transactions with other members.
FHLBank expects to compensate its directors pursuant to FHLBank's 2027 Board of Directors Compensation Policy, after it is approved by FHLBank's Board of Directors and has received non-objection from the FHFA.
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