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):   November 4, 2016

Federal Home Loan Bank of Topeka
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(Exact name of registrant as specified in its charter)

     
Federally Chartered Corporation 000-52004 48-0561319
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
One Security Benefit Pl. Suite 100, Topeka, Kansas   66606
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(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   785.233.0507

Not Applicable
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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:

[  ]  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))


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Election of Directors

On November 4, 2016, the following individuals were deemed elected as member directors of the Federal Home Loan Bank of Topeka (FHLBank):

• Mr. Don Abernathy, President and CEO of The Bankers Bank, Oklahoma City, Oklahoma, was deemed elected as a member director from the State of Oklahoma for a two-year term commencing January 1, 2017, and expiring December 31, 2018.

• Mr. L. Kent Needham, Chairman, President and CEO of The First Security Bank, Overbrook, Kansas, was deemed elected as a member director from the State of Kansas for a four-year term commencing January 1, 2017, and expiring December 31, 2020.

• Mr. Thomas H. Olson, Jr., Chairman and CEO of Points West Community Bank, Julesburg, Colorado, was deemed elected as a member director from the State of Colorado for a four-year term commencing January 1, 2017, and expiring December 31, 2020.

The member directorships are being filled without elections because only one nominee, Messrs. Abernathy, Needham and Olson, accepted the nomination for the one member directorship up for election in Oklahoma, Kansas and Colorado, respectively, in 2016. Messrs. Abernathy, Needham and Olson were deemed elected to FHLBank’s board of directors in accordance with the rules governing the election of Federal Home Loan Bank directors specified in the Federal Home Loan Bank Act of 1932, as amended (Bank Act), and the regulations of the Federal Housing Finance Agency (FHFA).

At the time of filing there has been no determination on which committees Messrs. Abernathy, Needham and Olson may serve in 2017.

Pursuant to the Bank Act and FHFA regulations, the majority of FHLBank’s directors, known as member directors, are elected by FHLBank’s membership in each state. The remaining directors, known as independent directors, are elected through district-wide elections. In the normal course of its business, FHLBank extends credit to members whose officers or directors may serve as member directors of FHLBank. All loans extended by FHLBank to such members are on market terms that are no more favorable to them than the terms of comparable transactions with other members.

FHLBank expects to compensate its directors in accordance with FHLBank’s 2017 Director Compensation Policy, which has not yet received non-objection from the FHFA.






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.

         
    Federal Home Loan Bank of Topeka
          
November 4, 2016   By:   /s/ Patrick C. Doran
       
        Name: Patrick C. Doran
        Title: EVP, Chief Compliance Officer and General Counsel