Toggle SGML Header (+)


Section 1: 8-K (CURRENT REPORT, ITEMS 5.07, 7.01 AND 9.01)

cffn-20200128
0001490906FALSE00014909062020-01-282020-01-28

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

Date of Report (Date of earliest event reported)
January 28, 2020

CAPITOL FEDERAL FINANCIAL, INC.
(Exact name of Registrant as specified in its Charter)

Maryland001-3481427-2631712
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)


700 South Kansas Avenue,TopekaKansas66603
(Address of principal executive offices)(Zip Code)


Registrant's telephone number, including area code
(785) 235-1341

N/A
(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 (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock,
par value $0.01 per share
CFFNThe NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨





Item 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Capitol Federal Financial, Inc. (the “Company”) held its Annual Meeting of Stockholders on January 28, 2020 (the “Annual Meeting”). Holders of record of the Company’s common stock at the close of business on December 6, 2019 were entitled to vote on three items at the Annual Meeting. Stockholders elected Michel' Philipp Cole, Jeffrey M. Johnson and Michael T. McCoy, M.D. each to a three-year term as director. The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Company’s proxy statement for the Annual Meeting (the "Say on Pay Vote"). The stockholders also ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditors for the fiscal year ending September 30, 2020. The final voting results of each item are set forth below.
Number of Votes
ForAgainstAbstainedBroker Non-Votes
Proposal 1.
Election of the following directors for the terms indicated:
Michel' Philipp Cole (three years)99,190,041  12,052,902  158,346  10,488,385  
Jeffrey M. Johnson (three years)97,616,037  13,630,547  154,704  10,488,385  
Michael T. McCoy, M.D. (three years)95,574,679  15,675,579  151,031  10,488,385  
The following directors had their term of office continue after the meeting:
Morris J. Huey, II
Reginald L. Robinson
John B. Dicus
James G. Morris
Jeffrey R. Thompson

Number of Votes
ForAgainstAbstainedBroker Non-Votes
Proposal 2.
Stockholder approval, on advisory basis, of executive compensation104,690,150  6,025,887  685,249  10,488,388  

Number of Votes
ForAgainstAbstainedBroker Non-Votes
Proposal 3.
Ratification of Deloitte & Touche LLP as independent auditors119,448,822  1,917,732  523,119  —  

ITEM 7.01 REGULATION FD DISCLOSURE
Attached hereto as Exhibit 99.1 and incorporated herein by reference are the slides from the Company's presentation at the Annual Meeting on January 28, 2020.

On January 28, 2020, the Company issued the press release attached hereto as Exhibit 99.2 and incorporated herein by reference announcing a cash dividend of $0.085 per share, payable on February 21, 2020 to holders of record of the Company’s common stock as of the close of business on February 7, 2020.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits

Exhibit 99.1 – Annual Meeting slide presentation
Exhibit 99.2 – Press release announcing dividend dated January 28, 2020
Exhibit 104 – Cover page interactive data file (embedded within the Inline XBRL document)






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.

CAPITOL FEDERAL FINANCIAL, INC.
Date: January 30, 2020By: /s/ Kent G. Townsend
Kent G. Townsend, Executive Vice-President,
Chief Financial Officer, and Treasurer

(Back To Top)

Section 2: EX-99.1 (ANNUAL MEETING SLIDE PRESENTATION)

annualmeeting2019


 
Board of Directors John B. Dicus, Chairman, President & CEO Michel’ Philipp Cole, ABC Morris J. Huey, II Jeffrey M. Johnson Michael T. McCoy, M.D. James G. Morris Reginald L. Robinson Jeffrey R. Thompson


 
Management John B. Dicus, Chairman, President & CEO Anthony S. Barry, Executive Vice President Natalie G. Haag, Executive Vice President & Corporate Secretary Rick C. Jackson, Executive Vice President Robert D. Kobbeman, Executive Vice President Daniel L. Lehman, Executive Vice President Kent G. Townsend, Executive Vice President


 
Safe Harbor Disclosure Except for the historical information contained in this presentation, the matters discussed may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties, including changes in economic conditions in Capitol Federal Financial, Inc.’s market area, changes in policies or the application or interpretation of laws and regulations by regulatory agencies and tax authorities, other governmental initiatives affecting the financial services industry, changes in accounting principles, policies or guidelines, fluctuations in interest rates, demand for loans in Capitol Federal Financial, Inc.’s market area, the future earnings and capital levels of Capitol Federal Savings Bank, which would affect the ability of Capitol Federal Financial, Inc. to pay dividends in accordance with its dividend policies, competition, and other risks detailed from time to time in documents filed or furnished by Capitol Federal Financial, Inc. with the SEC. Actual results may differ materially from those currently expected. These forward-looking statements represent Capitol Federal Financial, Inc.’s judgment as of the date of this presentation. Capitol Federal Financial, Inc. disclaims, however, any intent or obligation to update these forward-looking statements.


 
Selected Balance Sheet Data September 30, 2019 2018 (in thousands) Total Assets $ 9,340,018 $ 9,449,547 Total Loans $ 7,416,747 $ 7,514,485 Total Deposits $ 5,581,867 $ 5,603,354 Total Borrowings $ 2,239,989 $ 2,285,033 Total Stockholders' Equity $ 1,336,326 $ 1,391,622


 
Financial Performance FY 2019 Net Income (in thousands) $94,243 Earnings Per Share (basic & diluted) $0.68 Net Interest Margin* 2.30% Return on Average Assets* 1.01% Return on Average Equity* 6.94% *Adjusted to exclude the effects of the leverage strategy


 
Financial Performance FY 2019 Efficiency Ratio 46.83% Operating Expense Ratio 1.12% Non-performing Assets to Total Assets 0.10% Equity to Total Assets 14.3%


 
Calendar Year 2019 Dividends (in thousands) Regular quarterly dividends* $ 46,852 True Blue® Capitol dividend (June) 34,446 True-up dividend (December) 46,932 Total cash dividends paid in 2019 $ 128,230 *Paid in February, May, August, and November.


 
Cumulative Cash Returned to Stockholders (in millions) $1,750.0 $1,505.7 $1,500.0 $1,377.5 $1,250.0 Stockholder Dividends $412.5 $378.1 $1,000.0 $8.05 Per Share $7.12 Per Share $750.0 $500.0 † † $631.4 $725.2 Share Repurchases $250.0 31,009,944 Shares Avg. Price of $11.87 $368.0 $0.0 $368.0 2018 2019 † Dividends from earnings True Blue® Dividends


 
Payment of Dividends • CFFN declared a regular quarterly dividend of $0.085 per share on January 28, 2020. • For fiscal year 2020, it is the intent of our Board and management to pay out 100% of our net income. • Dividends will be paid in a combination of quarterly and true-up cash dividends.


 
Long-Term Strategy • Single-Family Portfolio • Strong Cost Controls Lender • Strong Capital Position • Deposit Services • Stockholder Value • Commercial Banking • Interest Rate Risk • Excellent Asset Quality Management


 
Questions & Answers


 
Thank you for attending


 


 
(Back To Top)

Section 3: EX-99.2 (PRESS RELEASE ANNOUNCING DIVIDEND)

Document

402524835_cffnlogo1.jpg
NEWS RELEASE

FOR IMMEDIATE RELEASE

January 28, 2020

CAPITOL FEDERAL FINANCIAL, INC.®
ANNOUNCES QUARTERLY DIVIDEND

Topeka, KS - Capitol Federal Financial, Inc. (NASDAQ: CFFN) (the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share on outstanding CFFN common stock.

The dividend is payable on February 21, 2020 to stockholders of record as of the close of business on February 7, 2020.

The Company will release financial results for the quarter ended December 31, 2019 on January 30, 2020 before the market opens.

Capitol Federal Financial, Inc. is the holding company for Capitol Federal Savings Bank (the "Bank"). The Bank has 54 branch locations in Kansas and Missouri, and is one of the largest residential lenders in the State of Kansas. News and other information about the Company can be found at the Bank's website, http://www.capfed.com.

Except for the historical information contained in this press release, the matters discussed may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties, including changes in economic conditions in the Company's market area, changes in policies or the application or interpretation of laws and regulations by regulatory agencies and tax authorities, other governmental initiatives affecting the financial services industry, changes in accounting principles, policies or guidelines, fluctuations in interest rates, demand for loans in the Company's market area, the future earnings and capital levels of the Bank, which would affect the ability of the Company to pay dividends in accordance with its dividend policies, competition, and other risks detailed from time to time in documents filed or furnished by the Company with the SEC. Actual results may differ materially from those currently expected. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.

For further information contact:
Kent Townsend
Investor Relations
Executive Vice President,
(785) 270-6055
Chief Financial Officer and Treasurer
investorrelations@capfed.com
(785) 231-6360
ktownsend@capfed.com


(Back To Top)