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 24, 2015
UNITED COMMUNITY FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
OHIO | 0-024399 | 34-1856319 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
275 West Federal Street, Youngstown, Ohio 44503-1203
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (330) 742-0500
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)) |
Section 5 Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) | Appointment of Timothy W. Esson |
On February 24, 2015, the Board of Directors of UCFC and UCFCs wholly owned subsidiary, The Home Savings and Loan Company of Youngstown, Ohio, appointed Timothy W. Esson as the Chief Financial Officer and Treasurer of UCFC and Executive Vice President, Chief Financial Officer and Treasurer of Home Savings, effective immediately. Mr. Esson, 65, has served as UCFCs Principal Accounting Officer and Treasurer of UCFC since April 10, 2014. Mr. Esson also served as the Senior Vice President, Chief Financial Officer and Treasurer of Home Savings since March 2011. Prior to that time, Mr. Esson served as Vice President of Finance of Home Savings from May 2003 until March 2011.
In connection with Mr. Essons appointment as UCFCs Chief Financial Officer and based upon the recommendation of UCFCs Compensation Committee, the Board of Directors set his base salary at $210,000, which may be increased each year in the sole discretion of the Compensation Committee or Board.
Section 9 Financial Statements and Exhibits
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit |
Description | |
99 | Press release dated March 2, 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.
UNITED COMMUNITY FINANCIAL CORP. | ||
By: | /s/ Jude J. Nohra | |
Jude J. Nohra, General Counsel & Secretary |
Date: March 2, 2015
EXHIBIT 99
For Immediate Release
Media Contact: | Investor Contact: | |
Colleen Scott | Gary M. Small | |
Vice President of Marketing | President and Chief Executive Officer | |
Home Savings | United Community Financial Corp. | |
(330) 742-0638 | (330) 742-0655 | |
cscott@homesavings.com |
Esson named Chief Financial Officer and Treasurer of UCFC and
Executive Vice President of Home Savings
YOUNGSTOWN, Ohio (March 2, 2015) United Community Financial Corp. (NASDAQ: UCFC), holding company of The Home Savings and Loan Company of Youngstown, Ohio, is pleased to announce that Timothy W. Esson has been promoted to Chief Financial Officer of UCFC and Executive Vice President of Home Savings.
Mr. Esson has been with Home Savings since May 2003, and he was appointed Principal Accounting Officer and Treasurer of UCFC on April 10, 2014. Mr. Esson also served as the Senior Vice President, Chief Financial Officer and Treasurer of Home Savings since March 2011. Prior to that time, Mr. Esson served as Vice President of Finance of Home Savings.
Gary M. Small, President and CEO of UCFC and Home Savings stated, Appointing Tim as the Principal Accounting Officer and Treasurer of UCFC provided a smooth transition for us, and Tim has done a tremendous job in this role. Small continued, Tims 35 years of accounting and finance experience in the financial services industry represent a valuable asset to our organization, and we look forward to Tim playing an important role in the future success of the Company.
As a wholly-owned subsidiary of United Community Financial Corp., Home Savings operates 32 full-service banking offices and nine loan production offices located throughout Ohio and western Pennsylvania. Additional information on UCFC and Home Savings may be found at www.ucfconline.com.
When used in this press release, the words or phrases believes, will likely result, are expected to, will continue, is anticipated, estimate, project, will have or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, including changes in economic conditions in the Companys market area, changes in policies by regulatory agencies, fluctuations in interest rates, demand for loans in the Companys market area, and competition that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company advises readers that the factors listed above could affect the Companys financial performance and could cause the Companys actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements.
The Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
###
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