8-K

UNITED STATES

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):  February 11, 2015

CHEVIOT FINANCIAL CORP.

(Exact Name of Registrant as Specified in Charter)

Maryland	001-35399	90-0789920
(State or Other Jurisdiction) of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

3723 Glenmore Avenue, Cheviot, Ohio	45211
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code:  (513) 661-0457

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

On February 11, 2015, Cheviot Savings Bank (the “Bank”), a wholly owned subsidiary of Cheviot Financial Corp., entered into an agreement (the “Agreement”) with Mark Reitzes, President and Chief Executive Officer, through which Mr. Reitzes will serve as President and Chief Executive Officer on an interim basis.

The Agreement provides that the Bank will pay Mr. Reitzes an annual salary of $250,000 and that he is eligible for a grant of 4,054 restricted stock awards which will vest 20% per year.  In the event of a change in control of the Bank followed thereafter by either Mr. Reitzes’ termination or his resignation as a result of a material alteration of his job title or responsibilities, Mr. Reitzes will receive a cash payment equal to two times his base salary and the restricted stock awards will vest in full.

The Agreement is filed herewith as Exhibit 10.1 and the foregoing description of the Agreement does not purport to be complete and it is qualified in its entirety by reference to the copy of the form of such agreement that is included as Exhibit 10.1 to this Current Report and incorporated by reference into this Item 5.02.

Item 9.01.             Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.	Description
10.1	Agreement between Cheviot Savings Bank and Mark Reitzes dated February 11, 2015

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, hereunto duly authorized.

	CHEVIOT FINANCIAL CORP.
DATE: February 17, 2015	By:         /s/ Scott T. Smith
	Scott T. Smith
	Chief Financial Officer

EX-10.1

February 11 , 2015

Mark Reitzes

Dear Mark:

This letter will serve as an Agreement for you to be employed by Cheviot Savings Bank, an Ohio-chartered stock savings and loan association (“Bank”) as Interim President and Chief Executive Officer.  Please sign at the conclusion of this Agreement to confirm your acceptance as to the terms and conditions of your employment by the Bank.

You shall be responsible for overall management of the Bank and shall be responsible for establishing the business objectives, policies and strategic plan for the Bank, in conjunction with the Board.  During this interim period, you should concentrate on ROA, ROE, loan growth, core deposit growth and efficiency ratios.  You are also responsible for a revised budget for 2015 and developing a budget for 2016.  You shall directly report to the Board of Directors.

Your annual salary will be $250,000.00 to be paid in accordance with the Bank’s normal payroll schedule. You are eligible for an award of 4054 RRP shares which vest on regular 20% annual vesting schedule.  The Bank will provide you with employee benefit plans substantially equivalent to those that other Bank employees receive including but not limited to, retirement plans, pension plans, profit-sharing plans, health and accident insurance plans, medical coverage or any other employee benefit plan or arrangement made available by the Bank.

In the event of a Change of Control followed thereafter by either your termination by the Bank or your resignation as a result the Bank materially altering your job title or responsibilities, you will receive two years’ base salary and your RRP shares will vest at 100%.  “Change of Control” is defined as a change in ownership of the Bank of more than 50% of the total fair market value or total voting power of the Bank or the Company; change in effective control in which any person or a group acquires within a 12 month period ownership of stock of the Bank or Company possessing 35% or more of the total voting power or a majority of the Bank’s or the Company’s Board of Directors is replaced during any 12 month period by Directors whose appointment or election is not endorsed in advance by a majority of the Bank’s or Company’s Board of Directors; or a change in ownership of a substantial portion of assets which is when a group acquires  more than 40% of the total gross fair market value of the Bank’s or Company’s entire assets.

Your employment is at-will and can be terminated by you or the Board of Directors at any time and for any reason.  As an employee of the Bank, you will be expected to abide by the same policies and procedures and Employee Handbook of the Bank as are all employees of the Bank. This letter does not serve as employment for any specific length of time but is merely to set forth your responsibilities and benefits.

Sincerely,

Board of Directors

Cheviot Savings Bank

HAVE SEEN AND AGREED

\s\ Mark T. Reitzes                                                                

Mark Reitzes

Date: February 11, 2015                                                                

Cheviot Savings Bank:

By:\s\ Robert L. Thomas                                                                

Printed Name and title: Robert L. Thomas, Chairman of the Board

Date: February 11, 2015