KFFB » Topics » Committee Procedures

This excerpt taken from the KFFB DEF 14A filed Oct 12, 2007.

Committee Procedures

     The Compensation Committee reviewed compensation packages as publicly reported in the proxy statements of similarly sized, publicly-traded thrifts in Kentucky and surrounding states. The intent was to compare the compensation of the three Named Executive Officers to their counterparts at these peer companies. In general, it was found that the compensation package was within the ranges found among these peers. The companies that were surveyed for setting executive compensation for fiscal 2008 included Jefferson Bancshares (JFBI), Cheviot Financial (CHEV.OB), AJS Bancorp (AJSB), Park Bancorp (PFED), First Trust Corp (FBTC), Liberty Bancorp (LBCP), Central Federal Corp. (CFBK), AMB Financial (AMFC.OB), First Franklin (FFHS), First Bancshares (FBSI), Blue River Bancshares (BRBI.PK), River Valley Bancorp (RIVR), Ottawa Savings Bancorp (OTTW.OB), Ben Franklin Financial (BFFI), Jacksonville Bancorp (JXSB), FFD Financial (FFDF), and First Bancorp of Indiana (FBEI).

     The Committee has not utilized compensation consultants or other experts in the field, but has the right to do so in the future under its charter.

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