Kentucky First Federal Bancorp Files 8-K

TL;DR

KFFB filed an 8-K on 8/15 for a material agreement dated 8/13.

AI Summary

Kentucky First Federal Bancorp filed an 8-K on August 15, 2024, reporting a material definitive agreement entered into on August 13, 2024. The filing also includes financial statements and exhibits. The company is a federally chartered savings institution based in Hazard, Kentucky.

Why It Matters

This filing indicates a significant event or agreement for Kentucky First Federal Bancorp, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting a material definitive agreement and financial exhibits, with no immediate indication of significant financial distress or unusual events.

Key Players & Entities

• Kentucky First Federal Bancorp (company) — Registrant
• August 13, 2024 (date) — Date of earliest event reported
• August 15, 2024 (date) — Date of report
• Hazard, Kentucky (location) — Principal executive offices location

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share KFFB The NASDAQ

Filing Documents

• ea0211484-8k_kentucky.htm (8-K) — 35KB
• ea021148401ex10-1_kentucky.htm (EX-10.1) — 78KB
• 0001213900-24-069269.txt ( ) — 298KB
• kffb-20240813.xsd (EX-101.SCH) — 3KB
• kffb-20240813_lab.xml (EX-101.LAB) — 33KB
• kffb-20240813_pre.xml (EX-101.PRE) — 22KB
• ea0211484-8k_kentucky_htm.xml (XML) — 3KB

01 Entry into a Material

Item 1.01 Entry into a Material Definitive Agreement On August 13, 2024, First Federal Savings Bank of Kentucky (the "Bank"), the indirect wholly-owned bank subsidiary of Kentucky First Federal Bancorp, entered into a formal written agreement (the "Agreement") with the Office of the Comptroller of the Currency (the "OCC"), the Bank's primary federal banking regulator. The Agreement became effective August 13, 2024 and will remain effective until it is amended by the Bank and the OCC, or the OCC modifies, waives or terminates the Agreement. Under the terms of the Agreement, the Bank is required to take the following actions within the time frames specified in the Agreement: create a compliance committee composed of at least three of the Bank's directors to monitor and oversee the Bank's compliance with the provisions of the Agreement and submit quarterly evaluation reports to the Bank's board of directors regarding actions the Bank has taken to comply with the Agreement and the results and status of such actions; submit to the OCC, adopt and implement an acceptable revised written three-year strategic plan establishing objectives for the Bank's overall risk profile, balance sheet mix, funding structure, interest rate risk, liquidity and capital adequacy, earnings performance, and asset and core deposit growth, together with strategies to achieve those objectives; submit to the OCC, adopt and implement an acceptable revised written succession plan for the Bank that is designed to promote adequate staffing and continuity of capable management; adopt a revised written liquidity risk management program for the Bank that provides for the identification, measurement, monitoring, and control of the Bank's liquidity risk exposure, and that emphasizes the importance of cash flow projections, diversified funding sources, a cushion of highly liquid assets, robust liquidity stress testing scenario analyses, and a formal, well-developed contingency funding plan as prima

01 Financial Statements and

Item 9.01 Financial Statements and Exhibits (a) Not applicable (b) Not applicable (c) Not applicable (d) Exhibits Exhibit No. Description 10.1 Formal Written Agreement, dated August 13, 2024, between First Federal Savings Bank of Kentucky and the Office of the Comptroller of the Currency. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KENTUCKY FIRST FEDERAL BANCORP Date: August 14, 2024 By: /s/ Don D. Jennings Don D. Jennings President and Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR