<html>
<head>
	<title>ffkt20171207b_8k.htm</title>
	<!-- Created by RDG HTML Converter v1.1.0.0 12/7/2017 2:23:44 PM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no"/>
</head>
<body style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 10px; margin-right: 10px; cursor: auto;">
<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>UNITED</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b> </b><b>STATES</b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>SECURITIES</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b> </b><b>AND</b><b> </b><b>EXCHANGE</b><b> </b><b>COMMISSION</b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Washington<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">, D.C. 20549</font></b></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:18pt;margin:0pt;text-align:center;"><b>FORM 8-K</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>CURRENT REPORT</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Pursuant to Section 13 </b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>or</b><b> 15(d) of </b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>The Securities Exchange Act of 1934</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Date of Report (Date of earliest event reported)<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> &ndash; December 4, 2017</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<table border="0px" cellpadding="0pt" cellspacing="0pt" id="TBL1" style="width: 100%; text-indent: 0px; font-size: 10pt; margin: 0pt;">

		<tr>
			<td style="vertical-align:top;width:100%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:18pt;margin:0pt;text-align:center;"><u><b>Farmers <font style="font-family:Times New Roman, Times, serif;font-size:18pt;">Capital Bank Corporation</font></b></u></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Exact name of registrant as specified in charter)</p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="TBL2" style="width:94.2%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align: top; width: 33%;">&nbsp;</td>
			<td style="vertical-align: top; width: 34%;">&nbsp;</td>
			<td style="vertical-align: top; width: 33%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>Kentucky</b></p>
			</td>
			<td style="vertical-align: top; width: 34%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>0-14412</b></p>
			</td>
			<td style="vertical-align: top; width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>61-1017851</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:10.1pt;margin-right:0pt;margin-top:0pt;text-align:center;">(State or other jurisdiction<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> of</font></p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:10.1pt;margin-right:0pt;margin-top:0pt;text-align:center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">incorporation)</font></p>
			</td>
			<td style="vertical-align: top; width: 34%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Commission<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> File Number)</font></p>
			</td>
			<td style="vertical-align: top; width: 33%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(IRS Employer<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> Identification No.)</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 33%;">&nbsp;</td>
			<td style="vertical-align: top; width: 34%;">&nbsp;</td>
			<td style="vertical-align: top; width: 33%;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="TBL3" style="width:94.2%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:52.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>P.O. Box 309</b></p>

			<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>202 West Main St.</b></p>

			<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>Frankfort, KY</b></p>
			</td>
			<td style="vertical-align:bottom;width:47.8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>4060</b><font style="font-family:Times New Roman, Times, serif;font-size:12pt;"><b>1</b></font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:52.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Address of principal executive offices)</p>
			</td>
			<td style="vertical-align:top;width:47.8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Zip Code)</p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Registrant<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&rsquo;s telephone number, including area code: </font><font style="font-family:Times New Roman;font-size:12pt;"> (502) 227-1668</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="TBL4" style="width:55%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;">Not Applicable</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Former name or former address, if changed since last report.)</p>
			</td>
		</tr>

</table>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check the appropriate box <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" id="TBL5" style="width:96%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:4.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&#9744;</p>
			</td>
			<td style="vertical-align:top;width:95.3%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Written communications pursuant to Rule 425 under the Securities Act <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(17 CFR 230.425)</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&#9744;</p>
			</td>
			<td style="vertical-align:top;width:95.3%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Soliciting material pursuant to Rule 14a<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&#9744;</p>
			</td>
			<td style="vertical-align:top;width:95.3%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Pre<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">-commencement communications pursuant to Rule 14d</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&#9744;</p>
			</td>
			<td style="vertical-align:top;width:95.3%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Pre<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&sect;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Emerging growth company <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&#9744;</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">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<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&#9744;</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>ITEM </b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>5.02</b><b>(e)</b></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b> </b><b>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">On <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">December 4, 2017, Farmers Capital Bank Corporation (the &quot;Company&quot;) entered into an Employment Agreement (the &ldquo;Agreement&rdquo;) with Lloyd C. Hillard, Jr., the Company&rsquo;s President and Chief Executive Officer. The Agreement supersedes and terminates the prior employment agreement and related amendments between the Company and Mr. Hillard dated December 12, 2012. </font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Mr. Hillard<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&rsquo;s employment under the Agreement begins on December 4, 2017 and continues for thirty-six (36) months (the &ldquo;Term&rdquo;). The Term shall be automatically extended for subsequent twelve (12) month periods upon the approval of the Board of Directors (&ldquo;Board&rdquo;) or its Compensation Committee.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Under the Agreement, <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Mr. Hillard will receive an annual base salary of $500</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">,000 during the first twelve months of the Term and thereafter at an annual rate (not less than $500,000) to be determined by the Board or Compensation Committee. During the Term, Mr. Hillard is entitled to reimbursement for the monthly charges for telephone service and electronic data receipt and transmission on his personal smart phone and use of a Company car (which will be replaced every three (3) years) of at least the quality of the automobile being provided to him as of the date of the Agreement. Upon retirement, he is also permitted, in his sole discretion, to purchase the automobile at a purchase price of $100. </font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Mr. Hillard<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> is entitled to participate in </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">or receive benefits under (i) any life, health, hospitalization, medical, dental, disability or other insurance policy or plan, (ii) pension or retirement plan, (iii) bonus or profit-sharing plan or program, (iv) deferred compensation plan or arrangement, and (v) any other Executive benefit plan, program or arrangement, made available by the Company on the date of this Agreement</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">and from time to time in the future to the Company&rsquo;s Executives on a basis consistent with the terms, conditions and overall administration of the foregoing plans, programs or arrangements and with respect to which Mr. Hillard is otherwise eligible to participate or receive benefits.</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Under the Agreement, Mr. Hillard<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&rsquo;s employment with the Company may only be terminated for (i) &ldquo;Death,&rdquo; (ii) &ldquo;Disability&rdquo; which is defined as his inability (due to physical or mental impairment) to perform his material duties for what can medically be expected to continue for twelve (12) months; (iii) &ldquo;Cause,&rdquo; which includes gross negligence in the performance of his duties, material breach of his fiduciary duties, alcohol or drug abuse or engaging in fraud, theft or dishonesty; (iv) &ldquo;Permanent Cessation of Business,&rdquo; which includes the voluntary or involuntary cessation of the Company&rsquo;s operations and business; (v) &ldquo;Retirement,&rdquo; in accordance with his 180-day written notice to the Chairman of the Board; or (vi) &ldquo;Change in Control.&rdquo;</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">The Agreement provides that the Company <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">shall pay to Mr. Hillard, upon the consummation of a transaction constituting a change in control, an amount equal to 2.99 times the &ldquo;base amount&rdquo; (as such term is defined under Section 280G of the IRC and the regulations promulgated thereunder, as in effect on the date of this Agreement) applicable to Mr. Hillard. Upon a change in control, the Term of the Agreement shall terminate automatically and Mr. Hillard, in his sole discretion, may negotiate with the Company or its successor for continued employment.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Mr. Hillard agrees <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">under the Agreement to not disclose or use for his own benefit or the benefit of any other person or entity at any time</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">, either during or after his association with the Company, any &ldquo;confidential information&rdquo; of which he becomes aware. He further covenants and agrees that he will not, directly or indirectly, through the date three years following the cessation of the Term for any reason whatsoever</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">, (a) attempt to cause or otherwise encourage any employee of the Company (or any affiliate) to leave the employ of the Company (or such affiliate) or (b) engage in, own, manage, or operate as an officer, director, shareholder, proprietor, employee, consultant or otherwise with, any person or entity which is directly or indirectly engaged in any portion of the &ldquo;financial industry&rdquo; within the Commonwealth of Kentucky.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">2</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">The above summary of the <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Agreement is qualified in its entirety by reference to the text of the agreement, a copy of which is attached, and incorporated herein by reference, as Exhibit 10.1 to this Current Report on 8-K.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>I</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>TEM 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FINANCIAL STATEMENTS AND EXHIBITS</b></font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-72pt;">Exhibit <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">10.1 &ndash; <a href="ex_101750.htm" style="-sec-extract:exhibit;">Employment Agreement, between Farmers Capital Bank Corporation and Lloyd C. Hillard, Jr., dated December 4, 2017</a></font><a href="ex_101750.htm" style="-sec-extract:exhibit;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">.</font></a></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">3</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:239.3pt;margin-right:0pt;margin-top:0pt;text-align:center;text-indent:-239.3pt;"><b>SIGNATURES</b></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">its behalf by the undersigned hereunto duly authorized.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0px" cellpadding="0pt" cellspacing="0pt" id="TBL6" style="width: 100%; text-indent: 0px; font-size: 10pt; margin: 0pt;">

		<tr>
			<td style="vertical-align:top;width:37.3%;">&nbsp;</td>
			<td style="vertical-align:top;width:15.9%;">&nbsp;</td>
			<td style="vertical-align:top;width:46.7%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Farmers Capital Bank Corporation</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:37.3%;">&nbsp;</td>
			<td style="vertical-align:top;width:15.9%;">&nbsp;</td>
			<td style="vertical-align:top;width:46.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:37.3%;">&nbsp;</td>
			<td style="vertical-align:top;width:15.9%;">&nbsp;</td>
			<td style="vertical-align:top;width:46.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:37.3%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i><b>12-</b></i><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i><b>7</b></i><i><b>-17</b></i></font></p>
			</td>
			<td style="vertical-align:top;width:15.9%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:46.7%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i><b>/s/ Mark A. Hampton</b></i></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom: 1px #000000;;width:37.3%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Date</p>
			</td>
			<td style="vertical-align:top;width:15.9%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom: 1px #000000;;width:46.7%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Mark A. Hampton</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:37.3%;">&nbsp;</td>
			<td style="vertical-align:top;width:15.9%;">&nbsp;</td>
			<td style="vertical-align:top;width:46.7%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Executive Vice <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">President, Secretary, and Chief Financial Officer</font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 72pt; text-indent: -72pt; text-align: center;">4</p>
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "ffkt20171207b_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 27697}]
{"company-data": {"conformed-name": "FARMERS CAPITAL BANK CORP", "cik": "0000713095", "assigned-sic": "6021", "irs-number": "611017851", "state-of-incorporation": "KY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-14412", "film-number": "171246952"}, "business-address": {"street1": "PO BOX 309", "street2": "202 W MAIN ST", "city": "FRANKFORT", "state": "KY", "zip": "40602", "phone": "5022271668"}, "mail-address": {"street1": "P O BOX 309", "street2": "202 WEST MAIN STREET", "city": "FRANKFORT", "state": "KY", "zip": "40602"}}
ffkt20171207b_8k.htm
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)
– December 4, 2017
Farmers
Capital Bank Corporation
(Exact name of registrant as specified in charter)
Kentucky
0-14412
61-1017851
(State or other jurisdiction
of
incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
P.O. Box 309
202 West Main St.
Frankfort, KY
4060
1
(Address of principal executive offices)
(Zip Code)
Registrant
's telephone number, including area code:
(502) 227-1668
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 (see General Instruction A.2. below):
☐
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in 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
5.02
(e)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
December 4, 2017, Farmers Capital Bank Corporation (the "Company") entered into an Employment Agreement (the "Agreement") with Lloyd C. Hillard, Jr., the Company's President and Chief Executive Officer. The Agreement supersedes and terminates the prior employment agreement and related amendments between the Company and Mr. Hillard dated December 12, 2012.
Mr. Hillard
's employment under the Agreement begins on December 4, 2017 and continues for thirty-six (36) months (the "Term"). The Term shall be automatically extended for subsequent twelve (12) month periods upon the approval of the Board of Directors ("Board") or its Compensation Committee.
Under the Agreement,
Mr. Hillard will receive an annual base salary of $500
,000 during the first twelve months of the Term and thereafter at an annual rate (not less than $500,000) to be determined by the Board or Compensation Committee. During the Term, Mr. Hillard is entitled to reimbursement for the monthly charges for telephone service and electronic data receipt and transmission on his personal smart phone and use of a Company car (which will be replaced every three (3) years) of at least the quality of the automobile being provided to him as of the date of the Agreement. Upon retirement, he is also permitted, in his sole discretion, to purchase the automobile at a purchase price of $100.
Mr. Hillard
is entitled to participate in
or receive benefits under (i) any life, health, hospitalization, medical, dental, disability or other insurance policy or plan, (ii) pension or retirement plan, (iii) bonus or profit-sharing plan or program, (iv) deferred compensation plan or arrangement, and (v) any other Executive benefit plan, program or arrangement, made available by the Company on the date of this Agreement
and from time to time in the future to the Company's Executives on a basis consistent with the terms, conditions and overall administration of the foregoing plans, programs or arrangements and with respect to which Mr. Hillard is otherwise eligible to participate or receive benefits.
Under the Agreement, Mr. Hillard
's employment with the Company may only be terminated for (i) "Death," (ii) "Disability" which is defined as his inability (due to physical or mental impairment) to perform his material duties for what can medically be expected to continue for twelve (12) months; (iii) "Cause," which includes gross negligence in the performance of his duties, material breach of his fiduciary duties, alcohol or drug abuse or engaging in fraud, theft or dishonesty; (iv) "Permanent Cessation of Business," which includes the voluntary or involuntary cessation of the Company's operations and business; (v) "Retirement," in accordance with his 180-day written notice to the Chairman of the Board; or (vi) "Change in Control."
The Agreement provides that the Company
shall pay to Mr. Hillard, upon the consummation of a transaction constituting a change in control, an amount equal to 2.99 times the "base amount" (as such term is defined under Section 280G of the IRC and the regulations promulgated thereunder, as in effect on the date of this Agreement) applicable to Mr. Hillard. Upon a change in control, the Term of the Agreement shall terminate automatically and Mr. Hillard, in his sole discretion, may negotiate with the Company or its successor for continued employment.
Mr. Hillard agrees
under the Agreement to not disclose or use for his own benefit or the benefit of any other person or entity at any time
, either during or after his association with the Company, any "confidential information" of which he becomes aware. He further covenants and agrees that he will not, directly or indirectly, through the date three years following the cessation of the Term for any reason whatsoever
, (a) attempt to cause or otherwise encourage any employee of the Company (or any affiliate) to leave the employ of the Company (or such affiliate) or (b) engage in, own, manage, or operate as an officer, director, shareholder, proprietor, employee, consultant or otherwise with, any person or entity which is directly or indirectly engaged in any portion of the "financial industry" within the Commonwealth of Kentucky.
2
The above summary of the
Agreement is qualified in its entirety by reference to the text of the agreement, a copy of which is attached, and incorporated herein by reference, as Exhibit 10.1 to this Current Report on 8-K.
I
TEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS
(
d)     Exhibits
Exhibit
10.1 –
Employment Agreement, between Farmers Capital Bank Corporation and Lloyd C. Hillard, Jr., dated December 4, 2017
.
3
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.
Farmers Capital Bank Corporation
12-
7
-17
/s/ Mark A. Hampton
Date
Mark A. Hampton
Executive Vice
President, Secretary, and Chief Financial Officer
4