HOPFED BANCORP, INC. (NASDAQ:HFBC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On June 21, 2017, the Companys Board of Directors approved the Compensation Committees recommendation to extend the employment contracts of Chief Executive Officer John E. Peck, Chief Operating Officer Michael L. Woolfolk and Chief Financial Officer Billy C. Duvall for a period of one additional year. As amended, the employment contracts will expire on June 30, 2020. The Board of Directors made no changes to the current base salaries of Messrs. Peck, Woolfolk and Duvall as disclosed in the Companys definitive proxy statement of the 2017 Annual Meeting of Stockholders.
About HOPFED BANCORP, INC. (NASDAQ:HFBC)
HopFed Bancorp, Inc. is a savings and loan holding company that operates through its subsidiary, Heritage Bank USA, Inc. (the Bank). The Bank is a Kentucky state chartered commercial bank based in Hopkinsville, Kentucky, with branch offices in Kentucky and Tennessee. The business of the Bank primarily consists of attracting deposits from the general public and investing such deposits in loans secured by single family residential real estate and investment securities, including United States Government and agency securities, municipal and corporate bonds, collateralized mortgages obligations (CMOs), and mortgage-backed securities. The Bank also originates single-family residential/construction loans, and multi-family and commercial real estate loans, as well as loans secured by deposits, other consumer loans and commercial loans.