0000916641-01-501251.txt : 20011009
0000916641-01-501251.hdr.sgml : 20011009
ACCESSION NUMBER: 0000916641-01-501251
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20010919
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20010928
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: HOPFED BANCORP INC
CENTRAL INDEX KEY: 0001041550
STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
IRS NUMBER: 561995728
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23667
FILM NUMBER: 1747818
BUSINESS ADDRESS:
STREET 1: 2700 FORT CAMPBELL BLVD
CITY: HOPKINSVILLE
STATE: KY
ZIP: 42440
BUSINESS PHONE: 5028851171
MAIL ADDRESS:
STREET 1: 2700 FORT CAMPBELL BLVD
CITY: HOPKINSVILLE
STATE: KY
ZIP: 42440
8-K
1
d8k.txt
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): September 19, 2001
HOPFED BANCORP, INC.
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(Exact name of registrant as specified in charter)
Delaware 0-23667 61-1322555
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
2700 Fort Campbell Boulevard, Hopkinsville, Kentucky 42240
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (270) 885-1171
ITEM 5. Other Events
On September 21, 2001, the Registrant announced that the Board of
Directors had directed management to take all actions necessary to terminate the
Registrant's defined benefit pension plan. The Registrant's press release is
attached hereto as Exhibit 99.1 and incorporated by reference herein.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Exhibit 99.1 Press Release dated September 21, 2001
2
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, thereunto duly authorized.
HOPFED BANCORP, INC.
By /s/ John E. Peck
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John E. Peck
President and Chief Executive Officer
Date: September 26, 2001
3
EX-99.1
3
dex991.txt
PRESS RELEASE
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT: John E. Peck
President & CEO
(270) 885-1171
HOPFED BANCORP, INC. DECLARES CASH DIVIDEND OF $0.11 PER SHARE AND ANNOUNCES
TERMINATION OF DEFINED BENEDIT PLAN
HOPKINSVILLE, KY - (September 21, 2001) - HopFed Bancorp, Inc. (Nasdaq: HFBC)
announced today that the Board of Directors has declared the Company's quarterly
cash dividend of $0.11 per share, payable on October 16, 2001, to stockholders
of record as of September 30, 2001.
The Company also announced that the Board of Directors has directed management
to take all actions necessary to terminate the Company's defined benefit pension
plan ("Pension Plan"), effective December 31, 2001, and replace it with a 401K
plan. John Peck, President of the Company, stated that the Board of Directors
believes this action is in the Company's best interests. He noted that the new
plan should be a more attractive retirement program for the Company's employees
and that termination of the Pension Plan is expected to reduce annual pension
related expenses by approximately $380,000 for the year ending December 31,
2002, and thereafter. By terminating the Pension Plan at year-end, the Company
anticipates incurring a one-time termination expense of approximately $1.8
million. Termination of the Pension Plan and distribution to participants of
its assets are contingent on receipt of an Internal Revenue Service
determination that the Pension Plan will be tax-qualified upon its termination,
as well as compliance with other applicable regulatory requirements.
HopFed Bancorp, Inc., is the holding company for Hopkinsville Federal Bank
headquartered in Hopkinsville, Kentucky. The Bank has six offices in western
Kentucky and many of its stockholders are customers and residents of the market
locations in Hopkinsville, Murray, Cadiz, Elkton and Marshall County. The Bank
offers a broad line of banking and financial products and services with the
personalized focus of a community banking organization. At June 30, 2001,
HopFed Bancorp, Inc. had total assets of $249.7 million and stockholders equity
of $45.2 million.
Information contained in this release, other than historical information,
may be considered forward-looking in nature and is subject to various risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those anticipated, estimated or
expected. Among the key factors that may have a direct bearing on HopFed's
operating results, performance or financial condition are competition and the
demand for HopFed's products and services, and numerous other factors as set
forth in filings with the Securities and Exchange Commission.
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