HopFed Bancorp 8-K 2013
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 25, 2013
HOPFED BANCORP, INC.
(Exact name of Registrant as Specified in Charter)
4155 Lafayette Road, Hopkinsville, Kentucky 42240
(Address of Principal Executive Offices)
Registrants telephone number, including area code
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
On April 25, 2013, Heritage Bank (the Bank), the Registrants wholly owned subsidiary, entered into an employment agreement with Keith Bennett which provides for a base salary of $172,824 per annum, plus a $5,000 annual award of restricted stock. Mr. Bennett may participate with other members of senior management in discretionary bonuses and in any fringe benefits that may become available and are commensurate with the responsibilities and functions to be performed by Mr. Bennett, including fee incentive payments in accordance with the current incentive plan available to the Banks lending officers.
The employment agreement is for a four year term. The employment agreement provides for a full payment of the employees base salary in the event of a change of control of the Registrant (as defined in the agreement), subject to certain limitations.
A copy of Mr. Bennetts employment agreement with the Bank is attached hereto as Exhibit 10.1 and incorporated herein by reference.
10.1 Employment Agreement, dated April 25, 2013, by and between Keith Bennett and Heritage Bank.
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.