Kentucky First Federal Bancorp Elects New Directors
Ticker: KFFB · Form: 8-K · Filed: Sep 4, 2024 · CIK: 1297341
| Field | Detail |
|---|---|
| Company | Kentucky First Federal Bancorp (KFFB) |
| Form Type | 8-K |
| Filed Date | Sep 4, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $122,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, management-change
TL;DR
Board shakeup at KFFB: two new directors elected, one resigns.
AI Summary
Kentucky First Federal Bancorp announced on August 29, 2024, a change in its board of directors. Specifically, the company elected two new directors, Mr. David P. Mullins and Mr. William R. Sturgill, to serve until the 2026 annual meeting. This follows the resignation of director Mr. James E. Johnson.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine board changes and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- Kentucky First Federal Bancorp (company) — Registrant
- David P. Mullins (person) — Newly elected director
- William R. Sturgill (person) — Newly elected director
- James E. Johnson (person) — Resigned director
FAQ
Who were the newly elected directors at Kentucky First Federal Bancorp?
Mr. David P. Mullins and Mr. William R. Sturgill were elected as new directors.
When is the term for the newly elected directors?
The newly elected directors will serve until the 2026 annual meeting.
Did any directors resign from the board?
Yes, Mr. James E. Johnson resigned from the board.
What is the principal executive office address for Kentucky First Federal Bancorp?
The principal executive office is located at 655 Main Street, Hazard, Kentucky 41702.
What is the filing date of this Current Report?
The filing date of this Current Report is September 4, 2024.
Filing Stats: 830 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-09-04 15:20:41
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share KFFB The NASDAQ
- $122,000 — gate compensation totaled approximately $122,000. Item 8.01 Other Events. On Septembe
Filing Documents
- ea0213519-8k_kentucky.htm (8-K) — 29KB
- ea021351901ex99-1_kentucky.htm (EX-99.1) — 7KB
- 0001213900-24-075544.txt ( ) — 208KB
- kffb-20240829.xsd (EX-101.SCH) — 3KB
- kffb-20240829_lab.xml (EX-101.LAB) — 33KB
- kffb-20240829_pre.xml (EX-101.PRE) — 22KB
- ea0213519-8k_kentucky_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 29, 2024, the Board of Directors (the "Board") of Kentucky First Federal Bancorp (the "Company") appointed R. Clay Hulette as a director of the Company, effective August 29, 2024, for an initial term expiring at the 2024 annual meeting of stockholders or until his successor shall have been duly elected and qualified. The Board of Directors of the Company has also nominated Mr. Hulette for election at the Company's 2024 annual meeting of stockholders to serve for a term expiring in 2026. At this time, Mr. Hulette has not been named to serve on any committee of the Company, and the Board has not identified any committee to which he is expected to be appointed. Mr. Hulette's appointment will fill the vacancy created by the recent retirement of Tony D. Whitaker from the Board of Directors of the Company. Mr. Hulette previously served as Vice President, Treasurer and Chief Financial Officer of the Company from its inception in March 2005 until his retirement on January 2, 2024. Mr. Hulette also served as Vice President and Chief Financial Officer of Frankfort First Bancorp, Inc., a subsidiary of the Company from 2000 until his retirement, served as President of First Federal Savings Bank of Kentucky ("First Federal of Kentucky"), a subsidiary of the Company, from March 2007 until his retirement, and served as Frankfort Area President of First Federal of Kentucky from January 2013 until his retirement. Mr. Hulette currently serves as a director of First Federal of Kentucky, a position he has held since January 2012. For his service on the Company's Board, Mr. Hulette will receive the standard non-employee director compensation, prorated for the portion of the fiscal year that he serves. The Company's non-employee director compensation program is described under the heading "Director Compensation" in the
01 Other Events
Item 8.01 Other Events. On September 4, 2024, the Company issued a press release announcing the selection of Walter G. Ecton, Jr. as Chair of the Company's Board of Directors and the appointment of Mr. Hulette as a director of the Company. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Financial Statements and Exhibits
Financial Statements and Exhibits (a) Not applicable (b) Not applicable (c) Not applicable (d) Exhibits Exhibit No. Description 99.1 Press Release dated September 4, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
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: September 4, 2024 By: /s/ Don D. Jennings Don D. Jennings President and Chief Executive Officer 2