SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): February 6, 1998
HOPFED BANCORP, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 000-23667 Applied For
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(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) identification no.)
2700 Fort Campbell Boulevard, Hopkinsville, Kentucky 42440
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(Address of principal executive offices)
(502) 885-1171
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Registrant's telephone number, including area code
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On February 6, 1998, HopFed Bancorp, Inc. (the "Company") and Hopkinsville
Federal Savings Bank (the "Bank") completed the conversion of the Bank to a
stock savings bank as a wholly owned subsidiary of the Company. The Common Stock
of the Company began trading on the Nasdaq Stock Market under the symbol "HFBC"
on February 9, 1998. The final appraisal of the pro forma market value of the
Common Stock the Company indicated a value of $40,336,250, or 4,033,625 shares
of Common Stock, at a price of $10.00 per share.
The initial Subscription and Community Offering terminated on November 19,
1997. Subsequent thereto, an amended appraisal was prepared in accordance with
the Bank's Plan of Conversion (the "Plan") and federal regulations, and the
Company and the Bank resolicited all subscribers in the Subscription and
Community Offerings ( the "Resolicitation").
In the conversion, shares were allocated among the subscribing Eligible
Account Holders in accordance with the Plan and federal regulations. The
allocation was based on the respective Qualifying Deposits of Eligible Account
Holders, as compared to the total Qualifying Deposits of all subscribing
Eligible Account Holders. Thus, the number of shares subscribed for was relevant
only if it was less than the number of shares available for allocation to the
Eligible Account Holder; an increase in an order did not otherwise result in an
increase in the allocation.
The Company's Prospectus Supplement dated December 23, 1997 included
information regarding the approximate number of shares of Common Stock intended
to be purchased by directors and officers of the Bank, including their
associates. The following table updates such information to disclose shares
purchased by such persons.
Name Proposed Purchases (1) Shares Purchased
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WD Kelley 50,000 20,374
Bruce Thomas 50,000 5,721
Peggy R. Noel 50,000 17,190
Boyd M. Clark 50,000 10,772
Clifton H. Cochran 22,500 25,000
Drury R. Embry 4,500 4,500
Walton G. Ezell 50,000 23,336
John Noble Hall, Jr. 20,000 23,385
Chester K. Wood 10,000 10,000
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Total 307,000 140,278
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(1) See "Proposed Management Purchases" on page 19 of the Prospectus
Supplement.
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After the Resolicitation, 2,772 orders were received in the
Subscription Offering. Of those orders, 2,536 were received from Eligible
Account Holders. After the Resolicitation, 15,662,893 shares were subscribed
for. Of those shares, 15,040,340 were subscribed by Eligible Account Holders. A
total of 13 persons, including one director, received an allocation of 25,000
shares or more.
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, thereunto duly authorized.
HOPFED BANCORP, INC.
Date: March 10, 1998 By: /s/ Bruce Thomas
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Bruce Thomas
President
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