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): January 15, 2008
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 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers
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On January 15, 2008, the Compensation Committee of the Board of
Directors (the "Board") of Cheviot Financial Corp. (the "Company")
extended the employment agreement of its Chief Executive Officer,
Thomas J. Linneman so that the term shall be for three years. There
were no material changes to the terms and conditions of the employment
agreement.
Also, on January 15, 2008, the Compensation Committee of the Board
extended the severance agreements of Jeffrey J. Lenzer, Vice
President, Operations and Kevin M. Kappa, Vice President, Compliance
of the Company. There were no material changes to the terms and
conditions of the severance agreements.
Item 8.01 Other Events.
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On January 15, 2008, the Board of Directors of Cheviot Financial Corp.
authorized the Company to undertake a stock repurchase program
providing for the repurchase of up to 447,584 shares.
Item 9.01 Financial Statements and Exhibits
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(a) Financial Statements of businesses acquired. Not Applicable.
(b) Pro forma financial information. Not Applicable.
(c) Exhibits.
The following Exhibit is attached as part of this report:
99.1 Press release of dated January 16, 2008, announcing Cheviot
Financial Corp. new repurchase program.
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: January 18, 2008 By: /s/ Scott T. Smith
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Scott T. Smith
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
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Press release of dated January 16, 2008, announcing Cheviot Financial Corp.
addition to repurchase program.