What changed in this filing

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Item 9A. Controls and Procedures

2020-09-28 compared with 2019-09-30 · 143 added, 136 removed, 100 unchanged (74% of the section changed)

Controls and Procedures.

Disclosure Controls and Procedures

Disclosure Controls

and Procedures

The Company’s management, including

4 unchanged sentences

Based upon their evaluation, the principal executive officer and principal

financial officer concluded that, as of the end of the period covered by this report, the Company’s disclosure controls and

procedures were effective for the purpose of ensuring that the information required to be disclosed in the reports that the Company

files or submits under the Exchange Act with the Securities and Exchange Commission (the “SEC”) (1) is recorded, processed,

summarized and reported within the time periods specified in the SEC’s rules and forms, and (2) is accumulated and communicated

to the Company’s management, including its principal executive and principal financial officers, as appropriate to allow

timely decisions regarding required disclosure.

Internal Control Over Financial Reporting

Parent Company of First Federal Savings and Loan Association

of Hazard and First Federal Savings Bank of Kentucky

MANAGEMENT’S ANNUAL REPORT ON INTERNAL

financial officer concluded that, as of the end of the period covered by this report, the Company’s disclosure controls

and procedures were effective for the purpose of ensuring that the information required to be disclosed in the reports that the

Company files or submits under the Exchange Act with the Securities and Exchange Commission (the “SEC”) (1) is recorded,

processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and (2) is accumulated

and communicated to the Company’s management, including its principal executive and principal financial officers, as appropriate

to allow timely decisions regarding required disclosure.

Internal Control

Over Financial Reporting

Management of Kentucky First Federal Bancorp (the “Company”)

is responsible for the preparation, integrity, and fair presentation of the consolidated financial statements included in this

annual report.

The Company’s consolidated financial statements have been prepared in accordance with accounting principles

generally accepted in the United States of America and, as such, include some amounts that are based on the best estimates and

judgments of management.

The Company’s management is responsible for establishing

and maintaining adequate internal control over financial reporting.

The internal control system is designed to provide reasonable

assurance to management and the Board of Directors regarding the reliability of the company’s financial reporting and the

preparation and presentation of financial statements for external reporting purposes in conformity with accounting principles generally

accepted in the United States of America, as well as to safeguard assets from unauthorized use or disposition.

The system of internal

control over financial reporting is evaluated for effectiveness by management and tested for reliability through a program of internal

audit with actions taken to correct potential deficiencies as they are identified.

Because of inherent limitations in any internal

control system, no matter how well designed, misstatements due to error or fraud may occur and not be detected, including the possibility

of the circumvention or overriding controls.

Accordingly, even an effective internal control system can provide only reasonable

assurance with respect to financial statement preparation.

Further, because of changes in conditions, internal control effectiveness

may vary over time.

Management assessed the effectiveness of the company’s

internal control over financial reporting as of June 30, 2019, based upon criteria set forth in Internal Control-Integrated Framework

issued by the Committee of Sponsoring Organizations of the Treadway Commission –

Parent Company of First Federal Savings

and Loan Association of Hazard and First Federal Savings Bank of Kentucky

MANAGEMENT’S ANNUAL REPORT ON

INTERNAL CONTROL

OVER FINANCIAL REPORTING

Management of Kentucky First Federal Bancorp

(the “Company”) is responsible for the preparation, integrity, and fair presentation of the consolidated financial

statements included in this annual report.

The Company’s consolidated financial statements have been prepared in accordance

with accounting principles generally accepted in the United States of America and, as such, include some amounts that are based

on the best estimates and judgments of management.

The Company’s management is responsible

for establishing and maintaining adequate internal control over financial reporting.

The internal control system is designed to

provide reasonable assurance to management and the Board of Directors regarding the reliability of the company’s financial

reporting and the preparation and presentation of financial statements for external reporting purposes in conformity with accounting

principles generally accepted in the United States of America, as well as to safeguard assets from unauthorized use or disposition.

The system of internal control over financial reporting is evaluated for effectiveness by management and tested for reliability

through a program of internal audit with actions taken to correct potential deficiencies as they are identified.

Because of inherent

limitations in any internal control system, no matter how well designed, misstatements due to error or fraud may occur and not

be detected, including the possibility of the circumvention or overriding controls.

Accordingly, even an effective internal control

system can provide only reasonable assurance with respect to financial statement preparation.

Further, because of changes in conditions,

internal control effectiveness may vary over time.

Management assessed the effectiveness

of the company’s internal control over financial reporting as of June 30, 2020, based upon criteria set forth in Internal

Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission –

2013 (“COSO”).

Based on this assessment and on the forgoing criteria, management

has concluded that, as of June 30, 2019, the Company’s internal control over financial reporting is effective.

Based on this assessment and on the forgoing

criteria, management has concluded that, as of June 30, 2020, the Company’s internal control over financial reporting is

This annual report does not include an

attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting.

Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to the

exemption provided to issuers that are not “large accelerated filers”

Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to

the exemption provided to issuers that are not “large accelerated filers”

or “accelerated filers”

Dodd-Frank Wall Street Reform and Consumer Protection Act.

the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Chief Executive Officer

Vice President and Chief Financial Officer

Changes to Internal Control Over Financial Reporting

There were no changes in our internal control

over financial reporting that occurred during the quarter ended June 30, 2019 that have materially affected, or are reasonably

Changes to Internal

Control Over Financial Reporting

There were no changes in our internal

control over financial reporting that occurred during the quarter ended June 30, 2020 that have materially affected, or are reasonably

likely to materially affect, our internal control over financial reporting.

2 unchanged sentences

Executive Officers, and Corporate Governance.

The information contained under the section captioned “

I ─ Election of Directors ”

in the Company’s definitive proxy statement for the Company’s 2019 Annual

Meeting of Stockholders (the “Proxy Statement”) is incorporated herein by reference.

The information contained under the section

captioned “

Item I ─ Election of Directors ”

in the Company’s definitive proxy statement for the

Company’s 2019 Annual Meeting of Stockholders (the “Proxy Statement”) is incorporated herein by reference.

Executive Officers

The information regarding the Company’s executive officers

is incorporated herein by reference to “Item I –

The information regarding the Company’s

executive officers is incorporated herein by reference to “Item I –

Election of Directors”

in the Proxy Statement.

Corporate Governance

Information regarding the Company’s Audit Committee and

Audit Committee financial expert is incorporated herein by reference to the section captioned “Corporate Governance and

Board Matters ─ Committees of the Board of Directors –

Information regarding the Company’s

Audit Committee and Audit Committee financial expert is incorporated herein by reference to the section captioned “Corporate

Governance and Board Matters ─ Committees of the Board of Directors –

Audit Committee”

in the Proxy Statement.

Compliance with Section 16(a) of the Exchange Act

Information regarding compliance with Section 16(a) of the Exchange

Act is incorporated by reference to section captioned “Other Information Relating to Directors and Executive Officers

Compliance with Section 16(a) of the

Information regarding compliance with

Section 16(a) of the Exchange Act is incorporated by reference to section captioned “Other Information Relating to Directors

and Executive Officers –

Section 16(a) Beneficial Ownership Reporting Compliance”

1 unchanged sentence

Disclosure of Code of Ethics

Kentucky First has adopted a Code of Ethics and Business Conduct

that applies to all of its directors, officers and employees.

To obtain a copy of this document at no charge, please write to Kentucky

First Federal Bancorp, P.O.

Box 535, Frankfort, Kentucky 40602-0535, or call toll-free (888) 818-3372 and ask for Investor Relations.

Executive Compensation.

The information contained under the section captioned “

Compensation ”

Kentucky First has adopted a Code of Ethics

and Business Conduct that applies to all of its directors, officers and employees.

To obtain a copy of this document at no charge,

please write to Kentucky First Federal Bancorp, P.O.

Box 535, Frankfort, Kentucky 40602-0535, or call toll-free (888) 818-3372

and ask for Investor Relations.

Compensation.

The information contained under the section

captioned “

Executive Compensation ”

in the Proxy Statement is incorporated herein by reference.

Security Ownership of

Certain Beneficial Owners and Management and Related Stockholder Matters.

Security Ownership of Certain Beneficial Owners.

Information required by this item is incorporated herein by reference to the section captioned “

Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

Security Ownership

of Certain Beneficial Owners.

Information required by this item is incorporated herein by reference to the section captioned

Stock Ownership ”

in the Proxy Statement.

Security Ownership of Management.

Security Ownership

of Management.

Information required by this item is incorporated herein by reference to the section captioned “

Stock Ownership ”

Ownership ”

in the Proxy Statement.

Changes in Control.

Management of the Company knows of no arrangements, including any pledge by any person of securities of the Company, the operation of which may at a subsequent date result in a change in control of the Company.

Equity Compensation Plans.

The following table sets forth certain information with respect to the Company’s equity compensation plans as of June 30, 2019.

Number of securities to

be issued upon exercise of

outstanding options,

warrants and rights

Weighted-average

exercise price of

Management of the Company knows of no arrangements, including any pledge by any person of securities of the Company, the

operation of which may at a subsequent date result in a change in control of the Company.

Equity Compensation

The following table sets forth certain information with respect to the Company’s equity compensation plans

as of June 30, 2020.

outstanding options,

warrants and rights

Number of securities remaining available

for future issuance

under equity compensation

plans (excluding securities

reflected in column (a))

Equity compensation plans approved by security holders

Equity compensation plans not approved by security holders

compensation plans approved by security holders

Equity compensation

plans not approved by security holders

Relationships and Related Transactions, and Director Independence.

Certain Relationships and Related Transactions

The information required by this item is

incorporated herein by reference to the section captioned “

The information required by this item

is incorporated herein by reference to the section captioned “

Other Information Relating to Directors and Executive Officers

9 unchanged sentences

and Services.

The information required by this item is

incorporated herein by reference to the section captioned “Audit Related Matters”

The information required by this item

is incorporated herein by reference to the section captioned “Audit Related Matters”

in the Proxy Statement.

2 unchanged sentences

of This Report

Financial Statements .

The following consolidated financial statements are incorporated by reference from Item 8 hereof (see Exhibit 13):

Report of Independent Registered Public

Accounting Firm

Consolidated Balance Sheets as of June

30, 2019 and 2018

Consolidated Statements of Income for the

Years Ended June 30, 2019 and 2018

Consolidated Statements of Comprehensive

Income for the Years Ended June 30, 2019 and 2018

Consolidated Statements of Changes in Shareholders’

The following consolidated financial statements are incorporated by reference from Item 8 hereof (see

of Independent Registered Public Accounting Firm

Balance Sheets as of June 30, 2020 and 2019

Statements of Income for the Years Ended June 30, 2020 and 2019

Statements of Comprehensive Income for the Years Ended June 30, 2020 and 2019

Statements of Changes in Shareholders’

Equity for the Years Ended June 30, 2020 and 2019

Consolidated Statements of Cash Flows for

the Years Ended June 30, 2019 and 2018

Notes to Consolidated Financial Statements

Financial Statement Schedules .

All schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are omitted because of the absence of conditions under which they are required or because the required information is included in the consolidated financial statements and related notes thereto.

Statements of Cash Flows for the Years Ended June 30, 2020 and 2019

to Consolidated Financial Statements

Statement Schedules .

All schedules for which provision is made in the applicable accounting regulations of the

Securities and Exchange Commission are omitted because of the absence of conditions under which they are required or because

the required information is included in the consolidated financial statements and related notes thereto.

The following is a list of exhibits filed as part of this Annual Report on Form 10-K and is also the Exhibit Index.

1 unchanged sentence

Amended and Restated Bylaws of Kentucky First Federal Bancorp

Amendment No.1 to the Bylaws of Kentucky First Federal Bancorp

Amendment No.

1 to the Bylaws of Kentucky First Federal Bancorp

Amendment No.

2 to the Bylaws of Kentucky First Federal Bancorp

Specimen Stock Certificate of Kentucky First Federal Bancorp

Description of Kentucky First Federal Bancorp’s Common Stock Registered Under Section 12 of the Securities and Exchange Act of 1934

Employment Agreement between Kentucky First Federal Bancorp and Don D.

18 unchanged sentences

Johnson&dagger;

Employment Agreement by and between First Federal Savings and Loan of Hazard and Jamie S.

Coffey&dagger;

Annual Report to Stockholders for the Fiscal Year Ended June 30, 2020

3 unchanged sentences

Section 1350 Certifications

The following materials from the Company’s Annual Report on Form 10-K for the year ended June 30, 2019, formatted in XBRL (eXtensible Business Reporting Language):

(i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Income, (iii) the Consolidated Statements of Comprehensive Income, (iv) the Consolidated Statements of Changes in Shareholders’

following materials from the Company’s Annual Report on Form 10-K for the year ended June 30, 2020, formatted in XBRL

(eXtensible Business Reporting Language):

(i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Income,

(iii) the Consolidated Statements of Comprehensive Income, (iv) the Consolidated Statements of Changes in Shareholders’

Equity, (v) the Consolidated Statements of Cash Flows and the (vi) Notes to Consolidated Financial Statements.

Management contract or compensation plan or arrangement.

Incorporated herein by reference to the Company’s Registration Statement on Form S-1 (File No.

Incorporated herein by reference to the Company’s Annual Report on Form 10-K for the Year Ended June 30, 2012 (File No.

Incorporated herein by reference to the Company’s Form 8-K filed on August 25, 2017 (File No.

Incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2008 (File No.

Incorporated herein by reference to the Company’s definitive additional proxy solicitation materials filed with the Securities and Exchange Commission on October 24, 2005.

Incorporated herein by reference to the Company’s Registration Statement on Form S-8 (File No.

Incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2012 (File No.

The exhibits required by Item 601 of Regulation S-K are either filed as part of this Annual Report on Form 10-K or incorporated by reference herein.

Management contract

or compensation plan or arrangement.

Incorporated herein

by reference to the Company’s Registration Statement on Form S-1 (File No.

Incorporated herein

by reference to the Company’s Annual Report on Form 10-K for the Year Ended June 30, 2012 (File No.

Incorporated herein

by reference to the Company’s Form 8-K filed on August 25, 2017 (File No.

Incorporated herein

by reference to the Company’s Form 8-K filed on September 28, 2020 (File No.

Incorporated herein

by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2008 (File No.

Incorporated herein

by reference to the Company’s definitive additional proxy solicitation materials filed with the Securities and Exchange

Commission on October 24, 2005.

Incorporated herein

by reference to the Company’s Registration Statement on Form S-8 (File No.

Incorporated herein

by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2012 (File No.

The exhibits required by Item 601 of Regulation S-K are either filed as part of this Annual Report on Form 10-K or incorporated

by reference herein.

Statements and Schedules Excluded from Annual Report .

There are no other financial statements and financial statement

schedules which were excluded from the Annual Report to Stockholders pursuant to Rule 14a-3(b) which are required to be

included herein.

schedules which were excluded from the Annual Report to Stockholders pursuant to Rule 14a-3(b) which are required to be included

10-K Summary.

5 unchanged sentences

September 28, 2020

Chief Executive Officer

Chief Executive

Pursuant to the requirements of the Securities

1 unchanged sentence

and on the dates indicated.

September 30, 2019

Chief Executive Officer and Director

(Principal Executive Officer)

September 30, 2019

Vice President, Chief Financial Officer and Treasurer

(Principal Financial and Accounting Officer)

Chief Executive

Officer and Director

(Principal Executive

September 28, 2020

Chairman of the Board

/s/ Stephen G.

Vice President, Chief Financial Officer and

(Principal Financial

and Accounting Officer)

September 28, 2020

Michael Davenport.

Chairman of the

September 28, 2020

Michael Davenport

/s/ Walter G.

September 28, 2020

/s/ William D.

September 28, 2020

/s/ William H.

September 28, 2020

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures