Kentucky First Federal Bancorp Announces Management Transition

Core Viewpoint - Kentucky First Federal Bancorp has appointed R. Clay Hulette as the new CEO, subject to regulatory approval, aiming to leverage his extensive experience to enhance profitability and shareholder value [1][2]. Company Leadership Transition - R. Clay Hulette has been appointed as CEO of Kentucky First Federal Bancorp and President and CEO of First Federal Savings Bank of Kentucky, pending regulatory approval [1][2]. - Don D. Jennings will continue as President of the Company and Chairman of the Board of First Federal Savings Bank, while also taking on the role of Director of Operations [1][2]. Leadership Background - Clay Hulette previously served as CFO from March 2005 until his retirement in January 2024 and has 27 years of experience with First Federal Savings Bank, including roles as President and Frankfort Area President [2]. - His return is expected to strengthen the leadership team and improve the financial initiatives of the Company and the Banks [2]. Strategic Goals - The Board aims to enhance profitability, execute strategic initiatives, and increase shareholder value under the leadership of a seasoned team familiar with the Banks' operations and regulatory environment [2]. Company Overview - Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, operating multiple banking offices across Kentucky [4]. - As of June 30, 2025, the Company had approximately 8,086,715 shares outstanding, with about 58.5% held by First Federal MHC [4].