Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers

(e)

1. Written Description of 2017 Executive Incentive
Compensation Annual Plan for Certain Executive Officers.

On March 29, 2017, the Company entered into short-term incentive
compensation arrangements with respect to bonuses payable in 2017
for Executive Officers Shaun A. Burke, President and Chief
Executive Officer, Carter Peters, Chief Financial Officer, Robin
Robeson, Chief Operating Officer, H. Charles Puls, Chief Lending
Officer and Sheri Biser, Chief Credit Officer. The written
description of each plan is attached hereto as Exhibits 10.1
through 10.5 and is incorporated by reference in this Item
502(e).

2. Written Description of 2017 Executive Long-Term Incentive
Performance Share Plan for Certain Executive Officers.

On March 29, 2017, the Company entered into long-term incentive
performance share arrangements for Mr. Burke, Mr. Peters, Ms.
Robeson, Mr. Puls and Ms. Biser. The written description of each
plan is attached hereto as Exhibits 10.6 through 10.10 and is
incorporated by reference in this Item 502(e).

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

About Guaranty Federal Bancshares, Inc. (NASDAQ:GFED)

Guaranty Federal Bancshares, Inc. is the savings and loan holding company for Guaranty Federal Savings Bank (the Bank). The Company operates through banking operation segment. The banking segment is engaged in the business of originating mortgage loans secured by one- to four-family residences, multi-family, construction, commercial and consumer loans. The Bank’s primary market areas are Greene and Christian Counties, which are in the southwestern corner of Missouri, and includes the cities of Springfield, Nixa and Ozark, and Missouri. The Bank’s loan portfolio consists of mortgage loans, including one- to four-family loans, multi-family loans, construction loans and commercial real estate loans; commercial business loans, and consumer loans. The Bank invests in mortgage-backed securities, the United States Government and federal agency securities, and other marketable securities. The Company owns Guaranty Statutory Trust I and Guaranty Statutory Trust II.

Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) Recent Trading Information

Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) closed its last trading session up +0.10 at 20.05 with 4,628 shares trading hands.