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): May 22, 2007
CHEVIOT FINANCIAL CORP.
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(Exact Name of Registrant as Specified in Charter)
Federal 0-50529 56-2423750
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
3723 Glenmore Avenue, Cheviot, Ohio 45211
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (513) 661-0457
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Not Applicable
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(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 (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 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
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On May 22, 2007, the Board of Directors of Cheviot Financial Corp. (the
"Company") granted non-statutory stock options and restricted stock awards to a
certain director of the Company, as described below. The options and restricted
stock awards were granted pursuant to the Company's 2005 Stock-Based Incentive
Plan (the "Stock Plan"). Each option and restricted stock award was evidenced by
an option agreement or restricted stock agreement executed concurrently with the
grant of the individual awards.
GRANTS OF STOCK OPTIONS
The table below sets forth the individual grants, the exercise prices
therefor and the vesting dates of stock option grants under the Stock Plan.
Award
Recipient Amount Exercise Price Vesting
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Steven R. Hausfeld 4,460 $13.63 892 shares on May 22, 2008
892 shares on May 22, 2009
892 shares on May 22, 2010
892 shares on May 22, 2011
892 shares on May 22, 2012
GRANTS OF RESTRICTED STOCK
Award
Recipient Amount Vesting
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Steven R. Hausfeld 1,425 285 shares on May 22, 2008
285 shares on May 22, 2009
285 shares on May 22, 2010
285 shares on May 22, 2011
285 shares on May 22, 2012
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.
CHEVIOT FINANCIAL CORP.
DATE: May 22, 2007 By: /s/ Scott T. Smith
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Scott T. Smith
Chief Financial Officer