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
December 5, 2005
------------------------------------------------------
Date of Report
(Date of earliest event reported)
Kearny Financial Corp.
------------------------------------------------------
(Exact name of Registrant as specified in its Charter)
United States 0-51093 22-3803741
---------------------------- --------------- -------------
(State or other jurisdiction (SEC Commission (IRS Employer
of incorporation) File No.) Identification Number)
120 Passaic Avenue, Fairfield, New Jersey 07004
----------------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (973) 244-4500
--------------
Not Applicable
-------------------------------------------------------------
(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
KEARNY FINANCIAL CORP.
INFORMATION TO BE INCLUDED IN REPORT
------------------------------------
Item 1.01 Entry into a Material Definitive Agreement
------------------------------------------
On December 5, 2005, the Board of Directors of the Registrant adopted
the Directors Incentive Compensation Plan (the "Plan"). The Plan provides that
upon the payment of a cash dividend on the Registrant's common stock, each
non-employee director shall receive payment of cash in an amount equivalent to
the cash dividend payable as if the director had exercised all stock options
held by the director as of the dividend record date whether or not such options
held as of the dividend record date are immediately exercisable. Payment of
compensation based upon stock options held expires with the expiration or
exercise of the underlying options. The Plan reserves to the Board of Directors
the right to amend, modify, suspend or cancel the Plan at any time.
A copy of the Kearny Financial Corp. Directors Incentive Compensation
Plan is included with this Form 8-K as an exhibit.
Item 9.01 Financial Statements, Pro Forma Financial
Information and Exhibits
------------------------
(c) Exhibits:
10.1 Kearny Financial Corp. Directors Incentive Compensation Plan
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.
KEARNY FINANCIAL CORP.
Date: December 9, 2005 By: /s/Craig L. Montanaro
-------------------------------------
Craig L. Montanaro
Senior Vice President and Director of
Strategic Planning