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): May 5, 2005
CHEVIOT FINANCIAL CORP.
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(Exact Name of Registrant as Specified in Charter)
Federal 0-50529 56-2423750
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation Identification No.)
3723 Glenmore Avenue, Cheviot, Ohio 45211
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (513) 661-0457
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Not Applicable
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(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 1.01 Entry into a Material Definitive Agreement
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On May 5, 2005, the Board of Directors of Cheviot Financial Corp. (the
"Company") granted incentive stock options, non-statutory stock options, and
restricted stock awards to certain executive officers of the Company, as
described below. The options and restricted stock awards were granted pursuant
to the Company's 2005 Stock-Based Incentive Plan (the "Stock Plan"). Each option
and restricted stock award was evidenced by an option agreement or restricted
stock agreement executed concurrently with the grant of the individual awards.
GRANTS OF STOCK OPTIONS
The table below sets forth the individual grants, the exercise prices
therefor and the vesting dates of stock option grants under the Stock Plan.
Award
Recipient Amount Exercise Price Vesting
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Scott T. Smith 40,000 $11.15 8,000 shares on May 5, 2006
8,000 shares on May 5, 2007
8,000 shares on May 5, 2008
8,000 shares on May 5, 2009
8,000 shares on May 5, 2010
Kevin M. Kappa 58,000 $11.15 11,600 shares on May 5, 2006
11,600 shares on May 5, 2007
11,600 shares on May 5, 2008
11,600 shares on May 5, 2009
11,600 shares on May 5, 2010
Jeffrey J. Lenzer 60,500 $11.15 12,100 shares on May 5, 2006
12,100 shares on May 5, 2007
12,100 shares on May 5, 2008
12,100 shares on May 5, 2009
12,100 shares on May 5, 2010
Thomas J. Linneman 100,000 $11.15 20,000 shares on May 5, 2006
20,000 shares on May 5, 2007
20,000 shares on May 5, 2008
20,000 shares on May 5, 2009
20,000 shares on May 5, 2010
John T. Smith 22,300 $11.15 4,460 shares on May 5, 2006
4,460 shares on May 5, 2007
4,460 shares on May 5, 2008
4,460 shares on May 5, 2009
4,460 shares on May 5, 2010
Edward L. Kleemeier 22,300 $11.15 4,460 shares on May 5, 2006
4,460 shares on May 5, 2007
4,460 shares on May 5, 2008
4,460 shares on May 5, 2009
4,460 shares on May 5, 2010
Robert L. Thomas 22,300 $11.15 4,460 shares on May 5, 2006
4,460 shares on May 5, 2007
4,460 shares on May 5, 2008
4,460 shares on May 5, 2009
4,460 shares on May 5, 2010
James E. Williamson 22,300 $11.15 4,460 shares on May 5, 2006
4,460 shares on May 5, 2007
4,460 shares on May 5, 2008
4,460 shares on May 5, 2009
4,460 shares on May 5, 2010
GRANTS OF RESTRICTED STOCK
Award
Recipient Amount Vesting
--------- ------ -------
Scott T. Smith 17,850 3,570 shares on May 5, 2006
3,570 shares on May 5, 2007
3,570 shares on May 5, 2008
3,570 shares on May 5, 2009
3,570 shares on May 5, 2010
Kevin M. Kappa 26,750 5,350 shares on May 5, 2006
5,350 shares on May 5, 2007
5,350 shares on May 5, 2008
5,350 shares on May 5, 2009
5,350 shares on May 5, 2010
Jeffrey J. Lenzer 26,750 5,350 shares on May 5, 2006
5,350 shares on May 5, 2007
5,350 shares on May 5, 2008
5,350 shares on May 5, 2009
5,350 shares on May 5, 2010
Thomas J. Linneman 44,625 8,925 shares on May 5, 2006
8,925 shares on May 5, 2007
8,925 shares on May 5, 2008
8,925 shares on May 5, 2009
8,925 shares on May 5, 2010
Gerhard H. Hillmann 1,785 357 shares on May 5, 2006
357 shares on May 5, 2007
357 shares on May 5, 2008
357 shares on May 5, 2009
357 shares on May 5, 2010
John T. Smith 8,925 1,785 shares on May 5, 2006
1,785 shares on May 5, 2007
1,785 shares on May 5, 2008
1,785 shares on May 5, 2009
1,785 shares on May 5, 2010
Edward L. Kleemeier 8,925 1,785 shares on May 5, 2006
1,785 shares on May 5, 2007
1,785 shares on May 5, 2008
1,785 shares on May 5, 2009
1,785 shares on May 5, 2010
Robert L. Thomas 8,925 1,785 shares on May 5, 2006
1,785 shares on May 5, 2007
1,785 shares on May 5, 2008
1,785 shares on May 5, 2009
1,785 shares on May 5, 2010
James E. Williamson 8,925 1,785 shares on May 5, 2006
1,785 shares on May 5, 2007
1,785 shares on May 5, 2008
1,785 shares on May 5, 2009
1,785 shares on May 5, 2010
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: May 9, 2005 By: /s/ Scott T. Smith
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Scott T. Smith
Chief Financial Officer