Attached files

file filename
10-K - FORM 10-K - FIDELITY BANCORP INCd10k.htm
EX-21 - SUBSIDIARIES - FIDELITY BANCORP INCdex21.htm
EX-32 - SECTION 906 CEO & CFO CERTIFICATION - FIDELITY BANCORP INCdex32.htm
EX-99.1 - EESA SECTION 111(B)(4) PEO CERTIFICATION - FIDELITY BANCORP INCdex991.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - FIDELITY BANCORP INCdex312.htm
EX-23.1 - CONSENT OF S.R. SNODGRASS A.C. - FIDELITY BANCORP INCdex231.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - FIDELITY BANCORP INCdex311.htm

Exhibit 99.2

EESA §111(b)(4) Certification Following First Fiscal Year

I, Lisa L. Griffith, certify, based on my knowledge, that:

(i) The compensation committee of Fidelity Bancorp, Inc., Inc. has discussed, reviewed, and evaluated with senior risk officers at least every six months during any part of the most recently completed fiscal year that was a TARP period, the senior executive officer (SEO) compensation plans and employee compensation plans and the risks these plans pose to Fidelity Bancorp, Inc;

(ii) The compensation committee of Fidelity Bancorp, Inc. has identified and limited during any part of the most recently completed fiscal year that was a TARP period any features of the SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could threaten the value of Fidelity Bancorp, Inc. and has identified any features of the employee compensation plans that pose risks to the Company and has limited those features to ensure that Fidelity Bancorp, Inc. is not unnecessarily exposed to risks;

(iii) The compensation committee has reviewed, at least every six months during any part of the most recently completed fiscal year that was a TARP period, the terms of each employee compensation plan and identified the features of the plan that could encourage the manipulation of reported earnings of Fidelity Bancorp, Inc. to enhance the compensation of an employee and has limited any such features;

(iv) The compensation committee of Fidelity Bancorp, Inc. will certify to the reviews of the SEO compensation plans and employee compensation plans required under (i) and (iii) above;

(v) The compensation committee of Fidelity Bancorp, Inc. will provide a narrative description of how it limited during any part of the most recently completed fiscal year that included a TARP period the features in

 

  (A)

SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could threaten the value of Fidelity Bancorp, Inc.;

 

  (B)

Employee compensation plans that unnecessarily expose Fidelity Bancorp, Inc. to risks; and

 

  (C)

Employee compensation plans that could encourage the manipulation of reported earnings of Fidelity Bancorp, Inc. to enhance the compensation of an employee;

(vi) Fidelity Bancorp, Inc. has required that bonus payments to SEOs and any of the next twenty most highly compensated employees, as defined in the regulations and guidance established under section 111 of EESA (bonus payments), be subject to a recovery or “clawback” provision during any part of the most recently completed fiscal year that was a TARP period if the bonus payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria;

(vii) Fidelity Bancorp, Inc. has prohibited any golden parachute payment, as defined in the regulations and guidance established under section 111 of EESA, to an SEO or any of the next five most highly compensated employees during any part of the most recently completed fiscal year that was a TARP period;

(viii) Fidelity Bancorp, Inc. has limited bonus payments to its applicable employees in accordance with section 111 of EESA and the regulations and guidance established thereunder during any part of the most recently completed fiscal year that was a TARP period;

(ix) The board of directors of Fidelity Bancorp, Inc. and its employees have complied with the excessive or luxury expenditures policy, as defined in the regulations and guidance established under section 111 of EESA, during any part of the most recently completed fiscal year that was a TARP period; and any expenses


that, pursuant to this policy, require approval of the board of directors, a committee of the board of directors, an SEO, or an executive officer with a similar level of responsibility, were properly approved;

(x) Fidelity Bancorp, Inc. will permit a non-binding shareholder resolution in compliance with any applicable Federal securities rules and regulations on the disclosures provided under the Federal securities laws related to SEO compensation paid or accrued during any part of the most recently completed fiscal year that was a TARP period;

(xi) Fidelity Bancorp, Inc. will disclose the amount, nature, and justification for the offering during any part of the most recently completed fiscal year that was a TARP period, any perquisites, as defined in the regulations and guidance established under section 111 of EESA, whose total value exceeds $25,000 for each employee subject to the bonus payment limitations identified in paragraph (viii);

(xii) Fidelity Bancorp, Inc. will disclose whether Fidelity Bancorp, Inc., the board of directors of the Company, or the compensation committee of Fidelity Bancorp, Inc. has engaged during any part of the most recently completed fiscal year that was a TARP period a compensation consultant; and the services the compensation consultant or any affiliate of the compensation consultant provided during this period;

(xiii) Fidelity Bancorp, Inc. has prohibited the payment of any gross-ups, as defined in the regulations and guidance established under section 111 of EESA, to the SEOs and the next twenty most highly compensated employees during any part of the most recently completed fiscal year that was a TARP period;

(xiv) Fidelity Bancorp, Inc. has substantially complied with all other requirements related to employee compensation that are provided in the agreement between Fidelity Bancorp, Inc. and Treasury, including any amendments;

(xv) Fidelity Bancorp, Inc. has submitted to Treasury a complete and accurate list of the SEOs and the twenty next most highly compensated employees for the current fiscal year, with the non-SEOs ranked in descending order of level of annual compensation, and with the name, title, and employer of each SEO and most highly compensated employee identified; and

(xvi) I understand that a knowing and willful false or fraudulent statement made in connection with this certification maybe punished by fine, imprisonment, or both. [See, for example, 18 U.S.C. 1001]

 

   
Date: December 22, 2010     By:       /s/ Lisa L. Griffith
      Lisa L. Griffith
      Principal Financial Officer