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Citizens Community Bancorp Inc. (CZWI) SEC Filing 10-K Annual report for the fiscal year ending Monday, September 30, 2013

Citizens Community Bancorp Inc.

CIK: 1367859 Ticker: CZWI

Exhibit 99.1
EMPLOYMENT AGREEMENT
THIS AGREEMENT is made effective as of October 28, 2013 (the "Effective Date"), by and between CITIZENS COMMUNITY FEDERAL and CITIZENS COMMUNITY BANCORP, INC. (the "Bank") and EDWARD H. SCHAEFER (the "Employee").
RECITALS
A.    The Bank wishes to assure retention of the services of the Employee for the period provided in this Agreement and on the terms and conditions set forth herein.
B.    The Employee is willing to serve in the employ of the Bank for said period and on the terms and conditions set forth herein.
C.    The parties believe it is in their best interests to make provision for certain aspects of their relationship during and after the period in which the Employee is employed by the Bank.
AGREEMENTS
In consideration of the recitals and mutual agreements which follow, the parties agree as follows:
1.Employment. The Employee is employed as the President and Chief Executive Officer of the Bank. The Employee shall render such administrative and management services for the Bank as are currently rendered and as are customarily performed by persons situated in a similar executive capacity. The Employee shall also promote, by entertainment or otherwise, as and to the extent permitted by law, the business of the Bank. The Employee's other duties shall be such as the Board of Directors of the Bank ("Board") or the Chairman of the Board may from time to time reasonably direct, including normal duties as an officer of the Bank.
2.    Base Compensation. The Bank agrees to pay the Employee during the term of this Agreement a salary at the rate of $272,000 gross per annum, payable not less frequently than monthly. The Board shall review, not less often than annually, the rate of the Employee's salary and, in its sole discretion, may decide to increase his salary.
3.    Discretionary Bonuses. The Employee may be entitled to cash bonuses at the sole discretion of the Board. The Board's discretion will be exercised consistent with key performance indicators developed by the Board after consideration of recommendations with respect thereto by the Compensation Committee of the Board, along with such other then reasonable and relevant considerations concerning the Bank or the Employee that may affect whether a bonus is appropriate under the circumstances and the amount of such bonus. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee's right to participate in such discretionary bonuses.

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The following information was filed by Citizens Community Bancorp Inc. (CZWI) on Friday, November 1, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Citizens Community Bancorp Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets (unaudited)
Consolidated Balance Sheets (unaudited) (parenthetical)
Consolidated Statement Of Changes In Stockholders' Equity (unaudited)
Consolidated Statement Of Changes In Stockholders' Equity (unaudited) (parenthetical)
Consolidated Statements Of Cash Flows (unaudited)
Consolidated Statements Of Operations (unaudited)
Consolidated Statements Of Other Comprehensive Income (unaudited)
Consolidated Statements Of Other Comprehensive Income (unaudited) - Reclassifications Out Of Accumulated Other Comprehensive Income
Capital Matters (details)
Capital Matters (notes)
Capital Matters (tables)
Commitments And Contingencies (details Textual)
Commitments And Contingencies (details)
Commitments And Contingencies (details1)
Commitments And Contingencies (notes)
Commitments And Contingencies (tables)
Condensed Financial Information - Parent Company Only (details 1)
Condensed Financial Information - Parent Company Only (details 2)
Condensed Financial Information - Parent Company Only (details)
Condensed Financial Information - Parent Company Only (notes)
Condensed Financial Information - Parent Company Only (tables)
Deposits (details 1)
Deposits (details Textual)
Deposits (details)
Deposits (notes)
Deposits (tables)
Earnings Per Share (details)
Earnings Per Share (notes)
Earnings Per Share (tables)
Fair Value Accounting
Fair Value Accounting (details 1)
Fair Value Accounting (details 2)
Fair Value Accounting (details 3)
Fair Value Accounting (details Textual)
Fair Value Accounting (details)
Fair Value Accounting (tables)
Federal Home Loan Bank Advances
Federal Home Loan Bank Advances (details Textual)
Federal Home Loan Bank Advances (details)
Federal Home Loan Bank Advances (tables)
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details Textual)
Income Taxes (details)
Income Taxes (tables)
Intangible Assets (details 1)
Intangible Assets (details)
Intangible Assets (notes)
Intangible Assets (tables)
Investment Securities
Investment Securities (details 1)
Investment Securities (details 2)
Investment Securities (details 3)
Investment Securities (details Textual)
Investment Securities (details)
Investment Securities (tables)
Loans, Allowance For Loan Losses And Impaired Loans
Loans, Allowance For Loan Losses And Impaired Loans (details 1)
Loans, Allowance For Loan Losses And Impaired Loans (details 2)
Loans, Allowance For Loan Losses And Impaired Loans (details 3)
Loans, Allowance For Loan Losses And Impaired Loans (details 4)
Loans, Allowance For Loan Losses And Impaired Loans (details 5)
Loans, Allowance For Loan Losses And Impaired Loans (details 6)
Loans, Allowance For Loan Losses And Impaired Loans (details 7)
Loans, Allowance For Loan Losses And Impaired Loans (details Textual)
Loans, Allowance For Loan Losses And Impaired Loans (details)
Loans, Allowance For Loan Losses And Impaired Loans (tables)
Nature Of Business And Summary Of Significant Accounting Policies
Nature Of Business And Summary Of Significant Accounting Policies (details Textual)
Nature Of Business And Summary Of Significant Accounting Policies (policies)
Office Properties And Equipment
Office Properties And Equipment (details)
Office Properties And Equipment (tables)
Office Properties And Equipment Textual (details)
Other Comprehensive Income (loss)
Other Comprehensive Income (loss) (details 1)
Other Comprehensive Income (loss) (details)
Other Comprehensive Income (loss) (tables)
Retirement Plans (details 1)
Retirement Plans (details 2)
Retirement Plans (details 3)
Retirement Plans (details Textual)
Retirement Plans (details)
Retirement Plans (notes)
Retirement Plans (tables)
Retirement Plans Parenthetical (details)
Stock Based Compensation
Stock Based Compensation (details 1)
Stock Based Compensation (details 2)
Stock Based Compensation (details Textual)
Stock Based Compensation (details)
Stock Based Compensation (tables)

Material Contracts, Statements, Certifications & more

Citizens Community Bancorp Inc. provided additional information to their SEC Filing as exhibits

Ticker: CZWI
CIK: 1367859
Form Type: 10-K Annual Report
Accession Number: 0001367859-13-000015
Submitted to the SEC: Mon Dec 09 2013 11:50:27 AM EST
Accepted by the SEC: Mon Dec 09 2013
Period: Monday, September 30, 2013
Industry: Savings Institution Federally Chartered

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