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Quotes & Info
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| UCFC > SEC Filings for UCFC > Form 8-K on 3-Apr-2009 | All Recent SEC Filings |
3-Apr-2009
Other Events, Financial Statements and Exhibits
On March 30, 2009, The Home Savings and Loan Company of Youngstown, Ohio, a
wholly-owned subsidiary of United Community Financial Corp., promoted Patrick W.
Bevack to President and Chief Executive Officer. Douglas M. McKay, who
previously held the position as Chairman of the Board and Chief Executive
Officer of Home Savings, will remain Chairman of the Board of Home Savings and
Chairman of the Board and Chief Executive Officer of UCFC. Home Savings has no
plans at this time to fill the position of Chief Operating Officer.
Mr. Bevack, 62 years old, has over 30 years of experience in the financial
services industry. Mr. Bevack most recently served as the President and Chief
Operating Officer of Home Savings. Since joining the Company in 2000, he also
held the positions of Executive Vice President, Chief Financial Officer and
Senior Vice President of Mortgage Lending. Mr. Bevack will continue to serve as
a Board Member for Home Savings.
Home Savings also hired Gregory G. Krontiris as Senior Vice President and
Chief Lending Officer.
On March 31, 2008, the Company successfully completed the sale of Butler Wick
Trust Company to Farmers National Banc Corp., after meeting all customary
closing conditions. The transaction was previously announced January 8, 2009,
and involved a purchase price of $12,125,000 in cash, subject to post-closing
adjustments.
A copy of the press release announcing the promotion of Mr. Bevack and the
hiring of Mr. Krontiris is attached hereto as Exhibit 99.1 and incorporated
herein by reference and a copy of the press release announcing the closing of
the transaction is attached hereto as Exhibit 99.2 and incorporated herein by
reference.
(d) Exhibits.
Exhibit Number Description
10.1 Employment Agreement between The Home Savings and Loan Company of
Youngstown, Ohio and Patrick W. Bevack dated December 31, 2004, which
is incorporated by reference to the 2004 10-K/A filed by UCFC on
May 2, 2005 via Edgar, film number 04666159 (2004 10K/A), Exhibit 10.3
10.2 Amendment to Employment Agreement between The Home Savings and Loan
Company of Youngstown, Ohio and Patrick W. Bevack dated January 1,
2009, which is incorporated by reference to the 2008 10-K filed by
UCFC on March 17, 2009 via Edgar, film number 09705589 (2008 10K),
Exhibit 10.6
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99.1 Press release dated April 2, 2009
99.2 Press release dated March 31, 2009
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