Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT - Federal Home Loan Bank of Indianapolis | a112012amendmentsto2012inc.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): November 15, 2012
______________________________
FEDERAL HOME LOAN BANK OF INDIANAPOLIS
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
______________________________
Federally Chartered Corporation | 000-51404 | 35-6001443 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
8250 Woodfield Crossing Blvd.
Indianapolis IN 46240
(Address of Principal Executive Offices, including Zip Code)
(317) 465-0200
(Registrant's Telephone Number, Including Area Code)
______________________________
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):
o | Written communications pursuant to Rule 425 under the Securities Act |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 15, 2012, the Board of Directors (“Board”) of the Federal Home Loan Bank of Indianapolis (“Bank”) adopted 2013 Performance Period Award Goals for the Bank's 2012 Incentive Plan effective as of January 1, 2012, and as amended on March 19, 2012, and May 18, 2012 (“Plan”), which provides incentive compensation arrangements for certain Bank employees, including the Bank's principal executive officer, principal financial officer and other named executive officers. The Bank further amended the Bank's 2010 and 2011 Long Term Incentive Plans' (“LTIPs”) Performance Goals and Gap Year Performance Goals to reflect the Bank's reactivated participation in the Mortgage Partnership Finance (“MPF”) program and also to reflect the impact of the Joint Capital Enhancement Agreement, as amended, dated August 5, 2011, by and among the twelve Federal Home Loan Banks. The Bank's Annual Award Performance Period Goals for 2012 remain in effect and are otherwise unchanged.
The 2013 Annual Award Performance Period Goals relate to specific mission goals for the Bank's profitability, member products (including advances and Mortgage Purchase Program (“MPP”)), Core Banking Solution, and Corporate Risk Management performance. In addition, the Board has established Deferred Award Performance Goals for Level I Participants for the three-year period covering calendar years 2014 through 2016. The Performance Goals for that period's Deferred Award relate to the Bank's profitability, retained earnings and prudential management objectives for each year of the period. These goals for each Performance Period determine the value of an Annual Award or Deferred Award.
In accordance with Federal Housing Finance Agency (“Finance Agency”) directives, the Bank will submit the Performance Goals established and amended by the Board to the Director of the Finance Agency for review. A copy of the Plan setting forth new 2013 Performance Period Award Goals and incorporating the amendments to the LTIPs and Gap Year Performance Goals is included herein as Exhibit 10.1 and incorporated by reference herein. The foregoing description of the Plan is qualified in its entirety by reference to the Plan.
Item 9.01. | Financial Statements and Exhibits |
A copy of the amended Federal Home Loan Bank of Indianapolis 2012 Incentive Plan setting forth the 2013 Performance Goals as updated is attached as Exhibit 10.1 and incorporated by reference in this report.
SIGNATURE
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.
Date: November 21, 2012
FEDERAL HOME LOAN BANK OF INDIANAPOLIS | ||
By: | /s/JONATHAN R. WEST | |
Jonathan R. West | ||
Executive Vice President - Chief Operating Officer, Banking Operations | ||
By: | /s/K. LOWELL SHORT, JR. | |
K. Lowell Short, Jr. | ||
Senior Vice President - Chief Accounting Officer | ||
EXHIBIT INDEX
Exhibit Number | Description | ||
10.1 | 2012 Federal Home Loan Bank of Indianapolis Incentive Plan, as updated November 15, 2012 | ||