# EDGAR Filing Document

**Accession Number:** 0001297341
**File Stem:** 0001213900-25-097497
**Filing Date:** 2025-10
**Character Count:** 15633
**Document Hash:** acea8b5a2953fb916c95cfb364147e1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-097497.hdr.sgml**: 20251008

**ACCESSION NUMBER**: 0001213900-25-097497

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251002

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251008

**DATE AS OF CHANGE**: 20251008

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kentucky First Federal Bancorp
- **CENTRAL INDEX KEY:** 0001297341
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 611484858
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-51176
- **FILM NUMBER:** 251383166

**BUSINESS ADDRESS:**
- **STREET 1:** 479 MAIN STREET
- **CITY:** HAZARD
- **STATE:** KY
- **ZIP:** 41702
- **BUSINESS PHONE:** (606) 436-3860

**MAIL ADDRESS:**
- **STREET 1:** 479 MAIN STREET
- **CITY:** HAZARD
- **STATE:** KY
- **ZIP:** 41702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Kentucky First Federal Bancorp Inc
- **DATE OF NAME CHANGE:** 20040715

?xml version='1.0' encoding='ASCII'?

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 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): **<u>October 2, 2025</u>**

**<u>KENTUCKY FIRST FEDERAL BANCORP</u>**

(Exact Name of Registrant as Specified in Its Charter)

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| | | |
|:---|:---|:---|
| **United States** | **0-51176** | **61-1484858** |
| (State or other jurisdiction of | (Commission File Number) | (IRS Employer |
| incorporation or organization) |  | Identification No.) |

---

---

| | |
|:---|:---|
| **655 Main Street, Hazard, Kentucky** | **41702** |
| (Address of principal executive offices) | (Zip Code) |

---

**<u>(502) 223-1638</u>**

(Registrant's telephone number, including area code)

**<u>Not Applicable</u>**

(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:

☐ 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

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| | |
|:---|:---|
| **Title of each class** | **Name of each exchange on which registered** |
| Common Stock, $0.01 par value per share KFFB | The NASDAQ Stock Market LLC |

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

On October 2, 2025, the Boards of Kentucky First Federal Bancorp (the "Company") and First Federal Savings Bank of Kentucky, an indirect wholly-owned bank subsidiary of the Company ("First Federal of Kentucky"), appointed R. Clay Hulette as Chief Executive Officer of the Company and as President and Chief Executive Officer of First Federal of Kentucky, respectively. Such appointments remain subject to regulatory approval. Pending regulatory approval, Mr. Hulette will serve as interim President and Chief Executive Officer of First Federal of Kentucky. In connection with this transition, Don D. Jennings has been appointed Director of Operations of First Federal of Kentucky and will continue to serve as President of the Company and Chairman of the Board of Directors of First Federal of Kentucky.

Mr. Hulette, age 63, has served as a director of the Company since August 2024 and as a director of First Federal of Kentucky since January 2012. He previously served as Vice President, Treasurer and Chief Financial Officer of the Company from its inception in March 2005 until January 2024. Mr. Hulette also served as President of First Federal of Kentucky from March 2007 until 2013, and as Frankfort Area President of First Federal of Kentucky from 2013 until January 2024. From January 2025 until September 2025, Mr. Hulette continued to serve the Company and First Federal of Kentucky as a director, consultant, and part-time risk manager.

For his services to the Company and First Federal of Kentucky, Mr. Hulette will receive an annual salary of $185,000.

There are no arrangements or understandings with any person pursuant to which Mr. Hulette has been selected to serve as Chief Executive Officer of the Company and as President and Chief Executive Officer of First Federal of Kentucky. Mr. Hulette's spouse, Teresa Hulette, serves as Executive Vice President of First Federal of Kentucky. Since July 1, 2024, Mrs. Hulette's aggregate compensation has totaled approximately $141,800, and during the fiscal year ended June 30, 2024, Mrs. Hulette's aggregate compensation totaled approximately $122,845. Mr. Hulette's nephew, Tyler Eades, serves as Chief Financial Officer of the Company.

In connection with the foregoing, on October 2, 2025, (i) the Company provided written notice to Mr. Jennings that it would not renew his existing employment agreement, dated as of August 15, 2008, with the Company; and (ii) First Federal of Kentucky and Mr. Jennings entered into a letter agreement pursuant to which the parties agreed to the termination of Mr. Jennings' employment agreement, dated as of August 15, 2008, with First Federal of Kentucky. No other changes were made to Mr. Jennings' compensation or benefits in connection with the actions described above.

A copy of the Company's press release announcing Mr. Hulette's appointment by the Boards of Directors of the Company and First Federal of Kentucky is included as Exhibit 99.1 and is incorporated by reference herein.

**Item 9.01 Financial Statements and Exhibits**

99.1 [Press Release dated October 8, 2025.](ea026074401ex99-1_kentucky.htm) <br> 104 Cover Page Interactive Data File (formatted as Inline XBRL)

**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.

---

| | | |
|:---|:---|:---|
|  | KENTUCKY FIRST FEDERAL BANCORP | KENTUCKY FIRST FEDERAL BANCORP |
| Date: October 8, 2025 | By: | /s/ Tyler Eades |
|  |  | Tyler Eades |
|  |  | Vice President and Chief Finance Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

Kentucky First Federal Bancorp

Hazard, Kentucky, Frankfort, Kentucky, Danville, Kentucky and Lancaster, Kentucky

For Immediate Release October 8, 2025

Contact: Don Jennings, President, or Tyler Eades, Vice President

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(502) 223-1638

216 West Main Street

P.O. Box 535

Frankfort, KY 40602

**Kentucky First Federal Bancorp Announces Management Transition**

Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the "Company") for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky (the "Banks"), announced that the Boards of Directors of the Company and First Federal Savings Bank of Kentucky have appointed R. Clay Hulette as Chief Executive Officer of the Company and as President and Chief Executive Officer of First Federal Savings Bank of Kentucky, respectively. The appointment of Mr. Hulette to these positions is subject to regulatory approval. Pending regulatory approval, Mr. Hulette will serve as interim President and Chief Executive Officer of First Federal Savings Bank of Kentucky. In connection with this transition, Don D. Jennings has been appointed Director of Operations of First Federal Savings Bank of Kentucky and will continue to serve as President of the Company and Chairman of the Board of Directors of First Federal Savings Bank of Kentucky.

Regarding the transition, Walter G. Ecton, Jr., Chairman of the Company's Board of Directors, stated, "The Company and First Federal Savings Bank are very pleased to welcome back Clay Hulette in a full-time capacity to serve as CEO. Clay previously served as Chief Financial Officer of the Company from its inception in March 2005 until his retirement in January 2024, and was an employee of First Federal Savings Bank for 27 years, serving as President from March 2007 until 2013 and as Frankfort Area President from 2013 until January 2024. Following his retirement in 2024, Clay continued to serve the Company and the Banks in a consulting capacity, most recently in a part-time risk management role. His appointments, which remain subject to regulatory approval, will allow the Company and the Banks to leverage his business and financial acumen and community connections to further our financial initiatives. We are also pleased that Don Jennings will continue in his roles as President of the Company and Chairman of the Board of First Federal Savings Bank, and in a new role as Director of Operations of First Federal Savings Bank, which will enable him to focus on the implementation of the strategies the Banks have adopted to restore and build profitability."

Regarding his appointment, Mr. Hulette stated, "I am honored at the trust that the Boards have bestowed upon me, and grateful for the opportunity to again be working with Don Jennings and the seasoned teams of both Banks." Don Jennings stated, "We welcome Clay's return to the executive management team. He is well-known and well-respected by the communities we serve and by our employees, shareholders and regulators. I look forward to working with and supporting Clay in my new role and in my continued service on the Company and the First Federal Savings Bank Boards."

Mr. Ecton continued, "The Board's intent is for the strengthened leadership team to better position the Company and the Banks' efforts to improve profitability, execute strategic initiatives and enhance shareholder value under the leadership of a seasoned and well-respected team with great familiarity with the Banks' operations and regulatory environment."

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "intend" and "potential," or words of similar meaning, or future or conditional verbs such as "should," "could," or "may." Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our ability to fully and timely address the deficiencies that resulted in the Agreement that First Federal Savings Bank of Kentucky has entered into with the Office of the Comptroller of the Currency ("OCC"); First Federal Savings Bank of Kentucky's ability to satisfy the Individual Minimum Capital Requirements imposed by the OCC; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp's actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions; prices for real estate in the Company's market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive the regulatory approvals necessary for the Company's and First Federal Savings Bank of Kentucky's management transition and the success of our restructured management team following the receipt of such regulatory approvals; our ability to receive any required regulatory approval or non-objection to pay dividends to shareholders; our ability to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology affecting financial services, and the other matters mentioned in Item 1A of the Company's Annual Report on Form 10-K for the year ended June 30, 2025. Except as required by applicable law or regulation, the Company does not undertake the responsibility, 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 the statements or to reflect the occurrence of anticipated or unanticipated events.

Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq Global Market under the symbol KFFB. At June 30, 2025, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC.