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UCFC > SEC Filings for UCFC > Form 8-K on 10-Aug-2009All Recent SEC Filings

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Form 8-K for UNITED COMMUNITY FINANCIAL CORP


10-Aug-2009

Change in Directors or Principal Officers, Financial Statements a


Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On August 7, 2009, the Boards of Directors of United Community Financial Corp. and The Home Savings and Loan Company of Youngstown, Ohio appointed Scott N. Crewson to the Board of Directors of UCFC and the Board of Directors of Home Savings. Mr. Crewson was appointed to fill the vacancy on the UCFC Board created by the resignation of David G. Lodge and to fill a newly created vacancy on the Home Savings Board. Mr. Crewson also was appointed to the Compensation, Compliance and Nominating and Governance Committees of the Board.

A copy of the press release announcing the appointment of Mr. Crewson is attached hereto as Exhibit 99.1

(e) On August 7, 2009, the Compensation Committee and the UCFC Board approved the award of 4,000 options to acquire UCFC shares to Mr. Crewson under the UCFC 2007 Amended and Restated Long-Term Incentive Plan. Each of the option awards vest in three equal installments on each of December 31, 2009, December 31, 2010 and December 31, 2011. The options have an exercise price of $1.57 per share and are subject to the terms and conditions of the 2007 Plan. The options awarded to Mr. Crewson were nonqualified stock options.

A copy of the 2007 Plan is attached as Exhibit 10.9 to the Form 10-K for the year ended December 31, 2008, and a copy of the form of Award Agreement is attached as Exhibit 10.4 to the Form 10-Q for the quarter ended March 31, 2009; each of which is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release dated August 7, 2009


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