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): March 22, 2006
FEDFIRST FINANCIAL CORPORATION
------------------------------
(Exact Name of Registrant as Specified in Its Charter)
United States 0-51153 25-1828028
------------- ------- ----------
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
Donner at Sixth Street, Monessen, Pennsylvania 15062
----------------------------------------------------
(Address of principal executive offices) (Zip Code)
(724) 684-6800
--------------
(Registrant's telephone number, including area code)
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:
[ ] 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.
------------------------------------------
On March 22, 2006, FedFirst Financial Corporation (the "Company") and
First Federal Savings Bank (the "Bank") entered into an employment agreement
with Robert C. Barry, Jr. under which he will serve as Chief Financial Officer
of the Company and the Bank beginning on March 31, 2006. The agreement provides
for an initial term ending on September 19, 2007. On September 19th of each
year, beginning in 2006, the Board of Directors may extend the term for an
additional twelve months so that the remaining term of the agreement becomes
twenty-four months. The material terms of the agreement also include that:
o Mr. Barry will receive a base salary of $150,000 per year,
subject to annual review by the Board of Directors;
o Mr. Barry will be eligible to receive bonuses or other
incentive compensation at the discretion of the Board of
Directors;
o Mr. Barry will be able to participate in stock benefit plans
and health insurance, life insurance, dental insurance, short-
and long-term disability and other benefit plans of the Bank
available to other employees;
o Mr. Barry will be considered for participation in any equity
plan the Company establishes;
o If Mr. Barry is terminated following a change in control of
the Bank or the Company, he will be entitled to receive three
times his base salary in effect at the time of the change of
control plus the continuation of medical and dental benefits
(subject to such reduction as may be required to prevent such
payments and benefits from being deemed an "excess parachute
payment" under Section 280G of the Internal Revenue Code of
1986); and
o The Board of Directors may, by majority vote, terminate Mr.
Barry's employment for cause.
For more information, reference is made to the Company's press release
dated March 23, 2006, a copy of which is attached to this Current Report on Form
8-K as Exhibit 99.1 and incorporated herein by reference. A copy of Mr. Barry's
employment agreement will be filed as an exhibit to the Company's Annual Report
on Form 10-K for the year ending December 31, 2005.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
---------------------------------
(d) Exhibits
Number Description
------ -----------
99.1 Press Release dated March 23, 2006
SIGNATURE
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 thereunto duly authorized.
FEDFIRST FINANCIAL CORPORATION
Date: March 23, 2006 By: /s/ John G. Robinson
-----------------------------------
John G. Robinson
President, Chief Executive Officer
and Director