Effective March 30, 2012, Luther E. Proper retired his position with the Killbuck Bancshares Inc. as its Senior Vice President of Administration under the Transitional Employment Arrangement between Mr. Proper and the company entered into on March 14, 2011. The agreement was executed between the company and Mr. Proper in connection with his retirement from his positions as the company's President and Chief Executive Officer, which became effective March 21, 2011. Mr. Proper remains a member of the company's board of directors.