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HFBC > SEC Filings for HFBC > Form 8-K on 29-Apr-2013All Recent SEC Filings

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Form 8-K for HOPFED BANCORP INC


29-Apr-2013

Change in Directors or Principal Officers, Financial Statements and Exhibits


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

On April 25, 2013, Heritage Bank (the "Bank"), the Registrant's 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 Bank's lending officers.

The employment agreement is for a four year term. The employment agreement provides for a full payment of the employee's 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. Bennett's employment agreement with the Bank is attached hereto as Exhibit 10.1 and incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

10.1 Employment Agreement, dated April 25, 2013, by and between Keith Bennett and Heritage Bank.


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