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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) 10/06/2005
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CITIZENS FIRST CORPORATION
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(Exact name of registrant as specified in its charter)
Kentucky 333-67435 61-0912615
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1805 Campbell Lane, Bowling Green, Kentucky 42101
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (270) 393-0700
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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 obligations 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 Rule14d-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 CFR240.13e-4(c))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Citizens First Corporation (the "Company") entered into an Employment
Agreement effective as of October 24, 2005 with J. Steven Marcum. A description
of the Employment Agreement is included in Item 5.02 and incorporated by
reference in this Item 1.01.
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
On October 6, 2005, the Company announced the hiring of J. Steven
Marcum as Chief Financial Officer and Treasurer for the Company. Mr. Marcum
will begin employment with the Company on October 24, 2005. From 1996 until
October 2005, Mr. Marcum, age 49, was employed by Franklin Bancorp, Inc. and
its bank subsidiary, Franklin Bank & Trust Company, Franklin, Kentucky, as
Chief Financial Officer.
The Company and Mr. Marcum entered into an Employment Agreement
effective as of October 24, 2005. Mr. Marcum's employment agreement provides for
Mr. Marcum's employment by the Company and Citizens First Bank, the Company's
wholly owned subsidiary, as Chief Financial Officer. The agreement provides for
the payment to Mr. Marcum of an annual salary of $120,000, which salary may be
adjusted by the President of the Company at the commencement of each calendar
year that the agreement is in effect. Under the agreement, Mr. Marcum's
employment may be terminated by the Company at any time, with or without cause.
In the event the agreement is terminated without cause (as defined in the
agreement), Mr. Marcum will be entitled to receive compensation, at the annual
rate then in effect, for a period of 60 days. During the term of Mr. Marcum's
employment and for a period of 12 months after the date of termination of his
employment, Mr. Marcum has agreed not to engage, directly or indirectly, in the
banking business in Warren County, Kentucky, or in any counties adjoining Warren
County, Kentucky. The foregoing description is qualified in its entirety by
reference to the Employment Agreement, a copy of which is filed herewith as
Exhibit 10.1and incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
10.1 Employment Agreement between Citizens First Corporation and
Steve Marcum.
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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.
CITIZENS FIRST CORPORATION
(Registrant)
By: Kim K. Harmon
Controller
Date: October 13, 2005
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EXHIBITS
10.1 Employment Agreement Between Steve Marcum and Citizens First Corporation
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