OCONEE FEDERAL FINANCIAL CORP. FILES (8-K) Disclosing Change in …

November 27, 2013
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 21, 2013 , T. Rhett Evatt resigned as President of Oconee Federal Financial Corp. (the “Company”) and Oconee Federal Savings and Loan Association (the “Bank”), such resignation to be effective January 1, 2014 . Mr. Evatt will continue to serve as Chief Executive Officer and Chairman of the Board of Directors of the Company and the Bank. In addition, on November 21, 2013 , the Board of Directors of the Company and the Bank appointed Curtis T. Evatt , 41, as President of the Company and the Bank, effective January 1, 2014 . Mr. Evatt has been employed by Oconee Federal Savings and Loan Association since 1988, and has held several positions, including his current position as Executive Vice President and Chief Financial Officer, as well as Senior Vice President and Assistant Secretary, and Treasurer. Mr. Evatt also serves as a director of both the Company and the Bank. Mr. Evatt is the son of T. Rhett Evatt , the current President, Chief Executive Officer and Chairman of the Board of Directors of the Company and the Bank. In connection with Mr. Evatt’s appointment as President, on November 21, 2013 , the Board of Directors of the Company and the Bank appointed H. Allen Salter , 48, as Senior Vice President and Chief Financial Officer of the Company and the Bank, effective January 1, 2014 . Mr. Salter has served as an Assistant Vice President and Vice President and Controller of the Company and the Bank since August, 2012. Mr. Salter is a licensed CPA with over fifteen years of public financial accounting and reporting experience in the banking and real estate industries. Prior to his employment with the Company, Mr. Salter was employed by Frazier Deeter, LLC as a senior audit manager for four years, specializing in commercial real estate and providing consulting services to banking institutions. Mr. Salter’s work experience also includes audit experience with PricewaterhouseCoopers LLP and Crowe Horwath LLP . His prior industry experience includes three years with the Federal Home Loan Bank of Atlanta as the Assistant Financial Accounting and Reporting Manager. Prior to his professional accounting career, Mr. Salter served twelve years with the United States Air Force and was honorably discharged from service in January 1996 . Mr. Salter holds both a Bachelor and Master of Accountancy degree from The University of Mississippi , graduating in 1997 and 1998, respectively. Item 9.01. Financial Statements and Exhibits (a) Financial statements of businesses acquired. Not Applicable. (b) Pro forma financial information. Not Applicable. (c) Shell company transactions: Not Applicable. (d) Exhibits. None. 2 ——————————————————————————–

Article source: http://www.hispanicbusiness.com/2013/11/26/oconee_federal_financial_corp_files_8-k.htm

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