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. --------------------------------------------------------------------- (Exact name of registrant as specified in charter) Delaware 0-23667 61-1322555 ----------------------------------------------------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 2700 Fort Campbell Boulevard, Hopkinsville, Kentucky 42240 ----------------------------------------------------------------- (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 ------------------------------------- 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. ####