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HopFed Bancorp revises compensation policies

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HopFed Bancorp revises compensation policies

The compensationcommittee of Hopkinsville, Ky.-based HopFedBancorp Inc.'s board on March 28 approved final revisions to the company'scompensation policies for named executive officers, according to a Form 8-K filedthe same day.

According tothe final policy revision for receiving future restricted stock awards, all futureincentive awards to named executive officers will include claw back provisions inthe event of material misstatements of the company's financial statements whichrequire a material restatement of the consolidated financial statements.

In addition,all named executive officers will be required to own a minimum amount of the company'scommon stock to qualify for restricted stock awards.