Amendment to Pulaski Financial Corp. 2002 Stock Option Plan

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Summary

Pulaski Financial Corp. amended its 2002 Stock Option Plan to increase the number of shares available for stock options by 150,000, making a total of 500,000 shares available. This amendment was approved by the Board of Directors and the shareholders to ensure compliance with tax regulations, securities laws, and stock exchange listing requirements. The amendment is effective as of the date of shareholder approval.

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EX-10.1 2 dex101.htm EXHIBIT 10.1 EXHIBIT 10.1

Exhibit 10.1

 

AMENDMENT TO THE

PULASKI FINANCIAL CORP.

2002 STOCK OPTION PLAN

 

WHEREAS, the shareholders of Pulaski Financial Corp. (the “Company”) adopted the Pulaski Financial Corp. 2002 Stock Option Plan (the “Option Plan”) on January 16, 2002;

 

WHEREAS, on November 19, 2003, the Board of Directors of the Company amended the Option Plan to increase the number of shares of stock reserved for the issuance of stock options by 150,000 shares; and

 

WHEREAS, the foregoing amendment to the Option Plan was presented to and approved by shareholders at the annual meeting in order that such plan and options awarded thereunder will qualify for certain favorable tax treatment and/or exemptive treatment from the short-swing profit recapture provisions of Section 16 of the Securities and Exchange Act of 1934 and to comply with the criteria for listing of the Company’s common stock on the Nasdaq National Market.

 

NOW, THEREFORE, BE IT RESOLVED, effective as of the date of the approval of the amendment to the Option Plan by the Company’s shareholders, the Option Plan shall be amended as follows:

 

The first sentence of Section 8(a) of the Option Plan shall be amended to read:

 

Five hundred thousand (500,000) shares, subject to adjustment under paragraph (b) below, are available for purchase upon the exercise of Options granted under this Plan.

 

IN WITNESS WHEREOF, the shareholders of the Company has adopted this Amendment to the Pulaski Financial Corp. 2002 Stock Option Plan.

 

ATTEST:

      

PULASKI FINANCIAL CORP.

/s/    Christine A. Munro

      

By:

  

/s/    William A. Donius

           

For the Entire Board of Directors