Tyler Eades
About Tyler Eades
Tyler W. Eades is Vice President and Chief Financial Officer of Kentucky First Federal Bancorp (KFFB) and its bank subsidiaries, effective January 2, 2024. He joined First Federal of Kentucky in 2018, served as the Company’s audit coordinator from January 1, 2020 through June 30, 2023, and was appointed Company CFO effective January 1, 2024; he holds a B.S. in Accounting (Eastern Kentucky University), an MBA (University of the Cumberlands), and graduated from the Graduate School of Banking at the University of Wisconsin in 2024; age 30 in the 2025 proxy . During his CFO tenure, KFFB reported net income of $181k in FY2025 vs a net loss of $1.721m in FY2024 and disclosed cumulative TSR changes as below .
| Company Performance Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Net Income ($000s) | $933 | $(1,721) | $181 |
| Value of $100 Investment (TSR) | $81.42 | $44.49 | $40.97 |
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| First Federal Savings Bank of Kentucky | Accounting, data management, loan analysis; internal audit coordination | 2018–2023 | Built accounting/data infrastructure; coordinated audits supporting regulatory reporting |
| Kentucky First Federal Bancorp / Banks | Vice President & Chief Financial Officer | Effective Jan 2, 2024 | Finance leadership during turnaround; supports strategy implementation amid OCC agreement |
External Roles
- No external public-company directorships or committee roles were disclosed for Eades in the 2024 appointment 8-K or 2025 DEF 14A .
Fixed Compensation
- Not disclosed. Eades was not listed among the named executive officers (NEOs) earning $100,000+ in FY2025/FY2024; the Summary Compensation Table covered Don D. Jennings (PEO), Teresa Hulette, and Jaime Coffey .
Performance Compensation
- KFFB disclosed no outstanding equity awards at FY2025 and FY2024, indicating no RSU/PSU/option overhang to drive vesting-related selling pressure for executives in those periods .
- The company does not use TSR or net income to determine compensation levels or incentive plan payouts; compensation actually paid does not fluctuate with these performance measures .
Equity Ownership & Alignment
| Ownership Metric | Value |
|---|---|
| Beneficial ownership (shares) | 791 |
| Ownership % of outstanding | <1% (based on 8,086,715 shares outstanding) |
| 401(k) Plan credited shares | 791 |
| Shares outstanding (record date context) | 8,086,715 |
- The beneficial ownership table does not list any options or unvested equity for Eades at FY2025; the company disclosed no outstanding equity awards .
- No pledging of shares was disclosed for Eades in the proxy’s beneficial ownership notes .
Employment Terms
| Term | Detail |
|---|---|
| Appointment date | Board appointed Eades CFO & VP on Dec 28, 2023; effective Jan 2, 2024 |
| Role scope | CFO & VP of the Company and Banks; prior CFO of First Federal of Hazard |
| Employment agreement | No material plan, contract or arrangement entered into or amended in connection with his appointment; no grant/award in connection with appointment |
| Severance / change-of-control | Due to OCC “troubled condition” status at First Federal of Kentucky, severance/golden parachute payments to any NEO or next two most highly compensated employees are prohibited unless waived/amended by OCC; company-level employment agreements with other executives include 280G caps and 3x average comp CoC terms, but CoC payments are currently restricted under OCC rules |
| Related-party / loans | Eades has a mortgage loan with First Federal of Kentucky made in the ordinary course on substantially the same terms as comparable transactions; no Item 404(a) related-party transactions otherwise reported |
| Age at appointment | 28 (as of January 2024 8-K) ; age 30 in 2025 proxy |
| Education / credentials | B.S. Accounting (EKU), MBA (University of the Cumberlands), Graduate School of Banking (UW) |
Investment Implications
- Alignment and selling pressure: With no outstanding equity awards and minimal personal shareholdings (791 shares), Eades has limited vesting-driven selling pressure; alignment relies on cash compensation and long-term employment rather than equity incentives .
- Retention risk: Absence of a disclosed individual employment agreement and OCC restrictions that preclude golden parachute payments reduce near-term severance economics; retention relies on role continuity and internal career trajectory rather than contractual protection .
- Governance and related-party optics: Family ties to current CEO (R. Clay Hulette) and EVP (Teresa Hulette) present perceived nepotism risk; however, the company notes insider loans must be approved in advance and Eades’s mortgage was made on ordinary-course terms .
- Execution risk: Company performance improved from a FY2024 loss to FY2025 modest profit while TSR declined over the period; as CFO during a regulatory remediation phase, Eades’s focus likely centers on capital, earnings restoration, and OCC compliance, which are pivotal for future valuation and dividend capacity .