---
schema_version: "secwatch.filing_event.v1"
accession: "0001490906-25-000023"
form_type: "8-K"
ticker: "CFFN"
cik: "0001490906"
company_name: "Capitol Federal Financial, Inc."
filed_at: "2025-09-25T23:59:59+00:00"
generated_at: "2026-05-17T05:39:36.703087+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Capitol Federal amends Short-Term Performance Plan, replaces efficiency ratio with operating expense ratio target

## Summary
- Change effective for fiscal year 2026 (beginning Oct 1, 2025); applies to all officers including named executive officers.
- Efficiency ratio removed; operating expense ratio added as an institutional performance criterion.
- Operating expense ratio defined as consolidated expenditures divided by net income, isolating expense control from interest rate impact.
- IPCs now equally weight Return on Average Equity, Basic EPS, and Operating Expense Ratio.
- Maximum award percentages unchanged, ranging from 25% to 60% of compensation depending on officer level.

## SEC filing metadata
- accession: 0001490906-25-000023
- form_type: 8-K
- ticker: CFFN
- cik: 0001490906
- company_name: Capitol Federal Financial, Inc.
- filed_at: 2025-09-25T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1490906/000149090625000023/0001490906-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1490906/000149090625000023/cffn-20250923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001490906-25-000023
- JSON: https://secwatch.observer/filing/0001490906-25-000023.json
- Plain text: https://secwatch.observer/filing/0001490906-25-000023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.