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Oconee Federal Financial Corp (OFED.OQ)

OFED.OQ on NASDAQ Stock Exchange Capital Market

29.86USD
24 Nov 2017
Change (% chg)

$0.26 (+0.88%)
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Summary

Name Age Since Current Position

T. Rhett Evatt

88 2017 Executive Chairman of the Board

Curtis Evatt

44 2017 President, Chief Executive Officer, Director

John Hobbs

2017 Chief Financial Officer, Senior Vice President

C. Todd Latiff

42 2015 Executive Vice President, Chief Banking Officer of the Company and Bank

Harry Mays

69 2009 Independent Director

Robert McLellan

60 2005 Independent Director

W. Maurice Poore

72 1995 Independent Director

Cecil Sandifer

68 1985 Independent Director

Biographies

Name Description

T. Rhett Evatt

Mr. T. Rhett Evatt is a Executive Chairman of the Board of the Company. Mr. Evatt currently serves as Chief Executive Officer and Chairman of the Board of Directors of Oconee Federal Savings and Loan Association and was appointed to that position in 1983. He also served as President until January 1, 2014. He has been employed by Oconee Federal Savings and Loan Association since 1960, and has held several positions prior to being named President and Chief Executive Officer, including President and Treasurer, a position he held from 1974 until his appointment as President and Chief Executive Officer. He also serves as the Chairman of the Board of Directors of Oconee Federal Financial Corp. Mr. Evatt was selected to serve as a director and as Chairman of the Board of Directors of Oconee Federal Financial Corp. because his extensive experience in a variety of roles at Oconee Federal Savings and Loan Association provides a broad and unique perspective on the challenges facing our organization and our business strategies and operations. T. Rhett Evatt is the father of Curtis T. Evatt, our President and Chief Financial Officer.

Curtis Evatt

Mr. Curtis T. Evatt serves as President, Chief Executive Officer, Director of the Company. He was Chief Financial Officer of the Company. Mr. Evatt currently serves as President and Chief Financial Officer of Oconee Federal Savings and Loan Association. He was appointed President effective January 1, 2014 and Chief Financial Officer effective March 22, 2016. He has been employed by Oconee Federal Savings and Loan Association since 1988, and has held several positions prior to being named President, including Executive Vice President and Chief Financial Officer, a position he held beginning in 2010, Senior Vice President and Assistant Secretary, a position he held from 2007 through 2010, and Treasurer. He was also elected to the Board of Directors of Oconee Federal Savings and Loan Association effective January 1, 2010. Mr. Evatt was selected to serve as a director of Oconee Federal Financial Corp. because his experience in a variety of roles at Oconee Federal Savings and Loan Association, particularly in finance and accounting, provides perspective on the challenges facing our organization and our business strategies and operations.

John Hobbs

Mr. John W. Hobbs has been appointed as Chief Financial Officer, Senior Vice President of the Company, effective April 3, 2017. Mr. Hobbs, a Certified Public Accountant, previously served as the Chief Financial Officer of Greer Bancshares, located in Greer, South Carolina, where he worked beginning in 2011. Mr. Hobbs has served as the Chief Financial Officer for multiple financial institutions and their holding companies located in South Carolina as part of a career that has included nearly 30 years in the banking industry.

C. Todd Latiff

Mr. C. Todd Latiff is Executive Vice President, Chief Banking Officer of the Company and Bank of the Company. Mr. Latiff is the Executive Vice President and Chief Banking Officer of Oconee Federal Savings and Loan Association, and was appointed to those positions effective May 1, 2015. Mr. Latiff has been employed by Oconee Federal Savings and Loan Association since October 2014, previously serving as Senior Vice President and Senior Banking Officer. Mr. Latiff has nearly 20 years of banking experience, serving as Market President for the Midlands Region of South Carolina at Regions Bank from 2012 to 2014. Prior to that, he served in a number of roles at Carolina First Bank (now TD Bank) from 2002 to 2012, including Oconee County Executive, Commercial Banking Manager, and Commercial Banking Team Leader.

Harry Mays

Mr. Harry B. Mays is an Independent Director of the Company. He is currently retired. Prior to his retirement in November 2014, he was the owner of, and served as pharmacist at, Mays Clinic Pharmacy, a position he held since 1973. Mr. Mays was selected to serve as a director of Oconee Federal Financial Corp. because his experience managing his own business provides insight and perspective with respect to general business operations, as well as experience reviewing financial statements.

Robert McLellan

Mr. Robert N. McLellan is an Independent Director of the Company. He is the President and majority owner of Byrd-McLellan Agency, Inc., an insurance agency in Seneca, South Carolina. He has been employed at Byrd-McLellan agency since 1975, and became majority (51%) owner in 1986. Mr. McLellan was selected to serve as a director of Oconee Federal Financial Corp. because his experience managing his own business provides insight and perspective with respect to general business operations, as well as experience reviewing financial statements.

W. Maurice Poore

Mr. W. Maurice Poore is an Independent Director of the Company. He is currently retired. Prior to his retirement in 2009, he served as the Executive Vice President and Treasurer of Oconee Federal Savings and Loan Association, a position he held since 1998. He was employed by Oconee Federal Savings and Loan Association from 1970 until his retirement, and held several positions prior to being named Executive Vice President and Treasurer, including Vice President and Assistant Treasurer. Mr. Poore was selected to serve as a director of Oconee Federal Financial Corp. because his experience in a variety of roles at Oconee Federal Savings and Loan Association provides a broad and unique perspective on the challenges facing our organization and our business strategies and operations, and because his service as Treasurer provides unique insight into our financial accounting a practices and procedures, financial reporting and our relationship with our auditors.

Cecil Sandifer

Mr. Cecil T. Sandifer is an Independent Director of the Company. He is President and Chief Executive Officer of Sandifer Funeral Home in Westminster, South Carolina and the President of Heritage Memorial Garden, Inc., a cemetery services company in Westminster, South Carolina. Mr. Sandifer has been employed by Sandifer Funeral Home since 1964, and is the 49% owner. He has been employed by Heritage Memorial Garden, Inc. since its formation in 1998, and is the 75% owner. Mr. Sandifer was selected to serve as a director of Oconee Federal Financial Corp. because his experience managing his own business provides insight and perspective with respect to general business operations, as well as experience reviewing financial statements.

Basic Compensation

Name Fiscal Year Total

T. Rhett Evatt

336,503

Curtis Evatt

297,531

John Hobbs

--

C. Todd Latiff

169,201

Harry Mays

--

Robert McLellan

--

W. Maurice Poore

--

Cecil Sandifer

--
As Of  30 Jun 2016