false
0001297341
0001297341
2025-10-02
2025-10-02
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 2, 2025
KENTUCKY FIRST FEDERAL BANCORP
(Exact Name of Registrant as Specified in Its Charter)
| United States |
|
0-51176 |
|
61-1484858 |
| (State or other jurisdiction of |
|
(Commission File Number) |
|
(IRS Employer |
| incorporation or organization) |
|
|
|
Identification No.) |
| 655 Main Street, Hazard, Kentucky |
|
41702 |
| (Address of principal executive offices) |
|
(Zip Code) |
(502) 223-1638
(Registrant’s telephone number, including
area code)
Not Applicable
(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:
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b)
of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Common Stock, $0.01 par value per share |
|
KFFB |
|
The NASDAQ Stock Market LLC |
Item
5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On October 2, 2025, the Boards of Kentucky First
Federal Bancorp (the “Company”) and First Federal Savings Bank of Kentucky, an indirect wholly-owned bank subsidiary of the
Company (“First Federal of Kentucky”), appointed R. Clay Hulette as Chief Executive Officer of the Company and as President
and Chief Executive Officer of First Federal of Kentucky, respectively. Such appointments remain subject to regulatory approval. Pending
regulatory approval, Mr. Hulette will serve as interim President and Chief Executive Officer of First Federal of Kentucky. In connection
with this transition, Don D. Jennings has been appointed Director of Operations of First Federal of Kentucky and will continue to serve
as President of the Company and Chairman of the Board of Directors of First Federal of Kentucky.
Mr. Hulette, age 63, has served as a director
of the Company since August 2024 and as a director of First Federal of Kentucky since January 2012. He previously served as Vice President,
Treasurer and Chief Financial Officer of the Company from its inception in March 2005 until January 2024. Mr. Hulette also served as President
of First Federal of Kentucky from March 2007 until 2013, and as Frankfort Area President of First Federal of Kentucky from 2013 until
January 2024. From January 2025 until September 2025, Mr. Hulette continued to serve the Company and First Federal of Kentucky as a director,
consultant, and part-time risk manager.
For his services to the Company and First Federal
of Kentucky, Mr. Hulette will receive an annual salary of $185,000.
There are no arrangements or understandings with
any person pursuant to which Mr. Hulette has been selected to serve as Chief Executive Officer of the Company and as President and Chief
Executive Officer of First Federal of Kentucky. Mr. Hulette’s spouse, Teresa Hulette, serves as Executive Vice President of First
Federal of Kentucky. Since July 1, 2024, Mrs. Hulette’s aggregate compensation has totaled approximately $141,800, and during the
fiscal year ended June 30, 2024, Mrs. Hulette’s aggregate compensation totaled approximately $122,845. Mr. Hulette’s nephew,
Tyler Eades, serves as Chief Financial Officer of the Company.
In connection with the foregoing, on October 2,
2025, (i) the Company provided written notice to Mr. Jennings that it would not renew his existing employment agreement, dated as of August
15, 2008, with the Company; and (ii) First Federal of Kentucky and Mr. Jennings entered into a letter agreement pursuant to which the
parties agreed to the termination of Mr. Jennings’ employment agreement, dated as of August 15, 2008, with First Federal of Kentucky.
No other changes were made to Mr. Jennings’ compensation or benefits in connection with the actions described above.
A copy of the Company’s press release announcing
Mr. Hulette’s appointment by the Boards of Directors of the Company and First Federal of Kentucky is included as Exhibit 99.1 and
is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
| 99.1 |
|
Press Release dated October 8, 2025. |
| 104 |
|
Cover Page Interactive Data File (formatted as Inline XBRL) |
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: October 8, 2025 |
By: |
/s/ Tyler Eades |
| |
|
Tyler Eades |
| |
|
Vice President and Chief Finance Officer |
