UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities

Exchange Act of 1934

(Amendment No. )

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Filed by the Registrantx

Filed by a Party other than the Registrant¨

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¨Preliminary Proxy Statement
¨Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
xDefinitive Proxy Statement
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¨Soliciting Material Pursuantpursuant to §240.14a-12§240.14a-12

FIRST SAVINGS FINANCIAL GROUP, INC.
(Name of Registrant as Specified Inin Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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January 10, 2011


6, 2014

Dear Shareholder:


You are cordially invited to attend the annual meeting of shareholders of First Savings Financial Group, Inc. (the “Company”). The meeting will be held at the Sheraton Riverside Hotel, 700 West Riverside Drive, Jeffersonville, Indiana, on Tuesday, February 15, 2011,11, 2014, at 2:00 p.m., local time.


The notice of annual meeting and proxy statement appearing on the following pages describe the formal business to be transacted at the meeting. Directors and officers of the Company, as well as representatives of Monroe Shine & Co., Inc., the Company’s independent registered public accounting firm, will be present to respond to appropriate questions from shareholders.


It is important that your shares are represented at the meeting, whether or not you attend the meeting in person and regardless of the number of shares you own. To make sure your shares are represented, we urge you to vote by promptly completing and mailing the enclosed proxy card or by voting via the Internet or by telephone. Internet and telephone voting instructions appear on the enclosed proxy card. If you attend the meeting, you may vote in person even if you have previously mailed a proxy card.


card or voted via the Internet or by telephone.

We look forward to seeing you at the meeting.


 Sincerely,
  
 
  
 Larry W. Myers
 President and Chief Executive Officer



501 East Lewis & Clark Parkway

Clarksville, Indiana 47129

(812) 283-0724


NOTICE OF 20112014 ANNUAL MEETING OF SHAREHOLDERS


TIME AND DATE2:00 p.m., local time, on Tuesday, February 15, 2011.11, 2014.
  
PLACESheraton Riverside Hotel, 700 West Riverside Drive, Jeffersonville, Indiana.

ITEMS OF BUSINESS(1)To elect three directors to serve for a term of three years.

 (2)To ratify the appointment of Monroe Shine & Co., Inc. as the independent registered public accounting firm for the fiscal year ending September 30, 2011.2014.
   
 (3)To approve a non-binding resolution to approve the compensation of the named executive officers as disclosed in thisthe accompanying proxy statement.
   
 (4)To determine whether the shareholder vote to approve the compensation of the named executive officers should occur every one, two or three years.
(5)To transact such other business as may properly come before the meeting and any adjournment or postponement of the meeting.

RECORD DATETo vote, you must have been a shareholder at the close of business on December 31, 2010.2013.
  
PROXY VOTINGIt is important that your shares be represented and voted at the meeting.  You can vote your shares via the Internet, by telephone or by completing and returning the proxy card or voting instruction formcard sent to you.  You can revoke a proxy at any time before its exercise at the meeting by following the instructions in the proxy statement.

 By Order of the Board of Directors,
  
  
 John P. Lawson, Jr.
 Corporate Secretary

Clarksville, Indiana

January 6, 2014 


Clarksville, Indiana
January 10, 2011


FIRST SAVINGS FINANCIAL GROUP,GROUp, INC.


PROXY STATEMENT

Proxy Statement

GENERAL INFORMATION


We are providing this proxy statement to you in connection with the solicitation of proxies by the Board of Directors of First Savings Financial Group, Inc. for the 20112014 annual meeting of shareholders and for any adjournment or postponement of the meeting. In this proxy statement, we may also refer to First Savings Financial Group as the “Company,” “we,” “our” or “us.”


First Savings Financial Group is the holding company for First Savings Bank, F.S.B. In this proxy statement, we may also refer to First Savings Bank as the “Bank.”


We are holding the 20112014 annual meeting of shareholders at the Sheraton Riverside Hotel, 700 West Riverside Drive, Jeffersonville, Indiana, on Tuesday, February 15, 201111, 2014 at 2:00 p.m., local time.


We intend to mail this proxy statement and the enclosed proxy card to shareholders of record beginning on or about January 10, 2011.6, 2014.

Important Notice Regarding the Availability of Proxy Materials


IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS
FOR THE

for the SHAREHOLDERS’ MEETING TO BE HELD ONMeeting to be held on FEBRUARY 15, 2011


11, 2014

This Proxy Statement and the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, are available at http://www.cfpproxy.com/6554.


www.proxyvote.com.

INFORMATION ABOUT VOTING


Who Can Vote at the Meeting


You are entitled to vote your shares of First Savings Financial Group common stock that you owned as of December 31, 2010.2013. As of the close of business on December 31, 2010, 2,368,9452013, 2,262,305 shares of First Savings Financial Group common stock were outstanding. Each share of common stock has one vote.


The Company’s Articles of Incorporation provides that record holders of the Company’s common stock who beneficially own, either directly or indirectly, in excess of 10% of the Company’s outstanding shares are not entitled to any vote with respect to those shares held in excess of the 10% limit.


Ownership of Shares; Attending the Meeting


You may own shares of First Savings Financial Group in one or more of the following ways:


·Directly in your name as the shareholder of record;

·Indirectly through a broker, bank or other holder of record in “street name”;

·Indirectly through the First Savings Bank, F.S.B. Employee Stock Ownership Plan; orPlan (the “ESOP”);

·Indirectly through the First Savings Bank Profit Sharing/401(k) Plan.Plan (the “401(k) Plan”); or

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·Indirectly through the First Savings Financial Group, Inc. Equity Incentive Plan (the “Equity Incentive Plan”).

If your shares are registered directly in your name, you are the holder of record of these shares and we are sending these proxy materials directly to you. As the holder of record, you have the right to give your proxy directly to us or to vote in person at the meeting.


If you hold your shares in street name, your broker, bank or other holder of record is sending these proxy materials to you. As the beneficial owner, you have the right to direct your broker, bank or other holder of record how to vote by filling out a voting instruction form that accompanies your proxy materials. Your broker, bank or other holder of record may allow you to provide voting instructions by telephone or by the Internet. Please see the instruction form provided by your broker, bank or other holder of record that accompanies this proxy statement. If you hold your shares in street name, you will need proof of ownership to be admitted to the meeting. A recent brokerage statement or a letter from a bank or broker are examples of proof of ownership. If you want to vote your shares of First Savings Financial Group common stock held in street name in person at the meeting, you must obtain a written proxy in your name from the broker, bank or other nominee who is the record holder of your shares.


If you own shares of Company common stock indirectly through the First Savings Bank, F.S.B. Employee Stock Ownership Plan, or the First Savings Bank Profit Sharing/401(k) Plan or the First Savings Financial Group, Inc. Equity Incentive Plan, see“Participants in the ESOP, 401(k) Plan or the 401(k)Equity Incentive Plan” for voting information.


Quorum and Vote Required


Quorum. We will have a quorum and will be able to conduct the business of the annual meeting if the holders of a majority of the outstanding shares of common stock entitled to vote are present at the meeting, either in person or by proxy.


Vote Required for Proposals.At this year’s annual meeting, shareholders will elect three directors to serve for a term of three years. In voting on the election of directors, you may vote in favor of the nominees, withhold votes as to all nominees, or withhold votes as to specific nominees. There is no cumulative voting for the election of directors. Directors must be elected by a plurality of the votes cast at the annual meeting. This means that the nominees receiving the greatest number of votes will be elected up to the maximum number of directors to be elected at the annual meeting. The maximum number of directors to be elected at the annual meeting is three.


In voting on the ratification of the appointment of Monroe Shine & Co., Inc. as the Company’s independent registered public accounting firm, you may vote in favor of the proposal, vote against the proposal or abstain from voting. To ratify the appointment of Monroe Shine & Co., Inc. as our independent registered public accounting firm for fiscal 2011,2014, the affirmative vote of a majority of the votes cast at the annual meeting is required.


In voting on the non-binding resolution to approve the compensation of the named executive officers, you may vote in favor of the proposal, vote against the proposal or abstain from voting. To approve the non-binding resolution, the affirmative vote of a majority of the votes cast at the annual meeting is required.


In voting on the frequency of the shareholder vote to approve the compensation of the named executive officers, you may vote for a frequency of one, two, or three years, or you may abstain from voting.  This proposal will be determined by a plurality of the votes cast.


How We Count Votes.If you return valid proxy instructions or attend the meeting in person, we will count your shares to determine whether there is quorum, even if you abstain from voting. Broker non-votes also will be counted to determine the existence of a quorum.

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In the election of directors, votes that are withheld and broker non-votes will have no effect on the outcome of the election.


In counting votes on the proposal to ratify the appointment of the independent registered public accounting firm, abstentions and broker non-votes will have no effect on the outcome of the proposal. Similarly, abstentions and broker non-votes will have no effect on the outcome of either the non-binding vote on the compensation of the named executive officersofficers.

Effect of Not Casting Your Vote

If you hold your shares in street name, it is critical that you cast your vote if you want it to count in the election of directors (Item 1) or on the frequency of the shareholderadvisory vote onregarding the compensation of theour named executive officers.


officers (Item 3).  Current regulations restrict the ability of your bank or broker to vote your uninstructed shares in the election of directors and on certain other matters on a discretionary basis. Thus, if you hold your shares in street name and you do not instruct your bank or broker how to vote in the election of directors or on the advisory vote regarding the compensation of our named executive officers, no votes will be cast on these matters on your behalf.  These are referred to as broker non-votes.  Your bank or broker does, however, have discretion to vote any uninstructed shares on the ratification of the appointment of the Company’s independent registered public accounting firm (Item 2).

Voting by Proxy


The Company’s Board of Directors is sending you this proxy statement to request that you allow your shares of Company common stock to be represented at the annual meeting by the persons named in the enclosed proxy card. All shares of Company common stock represented at the meeting by properly executed and dated proxies will be voted according to the instructions indicated on the proxy card. If you sign, date and return a proxy card without giving voting instructions, your shares will be voted as recommended by the Company’s Board of Directors. The Board of Directors recommends that you vote:


·
FORthe election of the nominees for director;

·
FORthe ratification of the appointment of Monroe Shine & Co., Inc. as the Company’s independent registered public accounting firm;
and

·
FORthe approval of the compensation of the named executive officers; and
officers.

·
FOR the approval of shareholder vote to approve the compensation of the named executive officers every one year.  Shareholders are not voting to approve or disapprove this recommendation by the Board of Directors.

If any matters not described in this proxy statement are properly presented at the annual meeting, the persons named in the proxy card will use their judgment to determine how to vote your shares. This includes a motion to adjourn or postpone the annual meeting to solicit additional proxies. If the annual meeting is postponed or adjourned, your shares of Company common stock may be voted by the persons named in the proxy card on the new meeting date, provided that the new meeting occurs within 30 days of the original date of the annual meeting and you have not revoked your proxy. The Company does not currently know of any other matters to be presented at the annual meeting.


You may revoke your

Instead of voting by completing and mailing a proxy at any time beforecard, registered shareholders can vote their shares of Company common stock via the vote is taken at the meeting.  To revoke your proxy, you must either advise the Corporate Secretary of the Company in writing before your sharesInternet or by telephone. The Internet and telephone voting procedures are designed to authenticate shareholders’ identities, allow shareholders to provide their voting instructions and confirm that their instructions have been voted atrecorded properly. Specific instructions for Internet and telephone voting are set forth on the annual meeting, deliver a later-datedenclosed proxy card and properly executed proxy,for the benefit plans on the voting instruction cards.The deadline for voting via the Internet or attend the meeting and vote your shares in person.  Attendance at the annual meeting will not in itself constitute revocation of your proxy.

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Participants in the by telephone is 11:59 p.m., Eastern time, on Monday, February 10, 2014.

ESOP, or the 401(k) Plan


and/or Equity Incentive Plan Participant Voting

If you participate in the First Savings Bank, F.S.B. Employee Stock Ownership Plan (the “ESOP”) or if youESOP, invest in Company common stock through the First Savings Financial Group Stock Fund in the First Savings Bank Profit Sharing/401(k) Plan (the “401(k) Plan”),or have been awarded restricted stock under the Company’s Equity Incentive Plan which was unvested as of the record date for the Annual Meeting, you will receive a voting instruction formcard for each plan that reflects all shares you may direct the trustees to vote on your behalf under the plan. You may submit your voting instruction cards, or convey your voting instructions via the Internet, by telephone or by mail. Specific instructions for Internet or telephone submission are set forth on the voting instruction cards. Under the terms of the ESOP, all allocated shares of First Savings Financial Group common stock held by the ESOP are voted by the ESOP trustee, as directed by plan participants. The ESOP trustee generally votes all unallocated shares of Company common stock held by the ESOP and allocated shares for which no timely voting instructions are received in the same proportion as shares for which the ESOP trustee has received timely voting instructions, subject to the exercise of its fiduciary duties. Under the terms of the 401(k) Plan and Equity Incentive Plan a participant may direct the 401(k) Plan trustee how to vote the shares in theof First Savings Financial Group stock fund credited to his or her account.the Participant under the plan. The Company will direct the 401(k) Plan trustee and the Equity Incentive Plan trustee how to vote the shares of Company common stock for which timely voting instructions are not received.The deadline for returning your voting instruction formscards is February 8, 2011.4, 2014.

Revoking Your Proxy

Whether you vote or direct your vote by mail, telephone or via the Internet, if you are a registered shareholder or a participant in the ESOP, 401(k) Plan and/or Equity Incentive Plan, unless otherwise noted, you may later revoke your proxy by:

·sending a written statement to that effect to the Corporate Secretary of the Company;

·submitting a properly signed proxy card or voting instruction card with a later date;

·voting by telephone or via the Internet at a later time (if initially able to vote in that manner) so long as such vote or voting direction is received by the applicable date and time set forth above for registered shareholders and participants in the ESOP, 401(k) Plan and/or Equity Incentive Plan; or

·voting in person at the Annual Meeting (except for shares held in the ESOP, 401(k) Plan and/or Equity Incentive Plan).

If you hold your shares through a bank, broker, trustee or nominee and you have instructed the bank, broker, trustee or nominee to vote your shares, you must follow the directions received from you bank, broker, trustee or nominee to change those instructions.

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CORPORATE GOVERNANCE


Director Independence


The Company’s Board of Directors currently consists of teneleven members, all of whom are independent under the listing requirements of the Nasdaq Stock Market, Inc., except for Larry W. Myers, John P. Lawson, Jr., Samuel E. Eckart and Vaughn K. Timberlake, who either are or were previously employed during the past three years as executive officers of the Company, the Bank or both. In determining the independence of directors, the Board of Directors considered the various deposit, loan and other relationships that each director has with First Savingsthe Bank, including loans and lines of credit outstanding to Vaughn K. Timberlake, Cecile A. Blau, Charles E. Becht, Jr., Cecile A. Blau, John P. Lawson, Jr., Vaughn K. Timberlake and Frank N. Czeschin, in addition to the transactions disclosed under “Other Information Relating to Directors and Executive Officers—Transactions with Related Persons”, but determined in each case that these relationships did not interfere with their exercise of independent judgment in carrying out their responsibilities as directors.


Board Leadership Structure and Board’s Role in Risk Oversight


The Board of Directors has determined that the separation of the offices of Chairman of the Board and of President and Chief Executive Officer enhances Board independence and oversight. Moreover, the separation of those offices allows the President and Chief Executive Officer to better focus on his growing responsibilities of running the Company, enhancing shareholder value and expanding and strengthening the Company’s franchise while allowing the Chairman of the Board to lead the Board in its fundamental role of providing advice to and independent oversight of management. Consistent with this determination, Michael F. Ludden serves as Chairman of the Board of Directors. Mr. Ludden is independent under the listing requirements of The Nasdaq Stock Market, Inc.


Risk is inherent with every business, and how well a business manages risk can ultimately determine its success. The Company faces a number of risks, including credit risk, interest rate risk, liquidity risk, operational risk, strategic risk and reputation risk. Management is responsible for the day-to-day management of risks the Company faces, while the Board, as a whole and through its committees, has responsibility for the oversight of risk management. In its risk oversight role, the Board of Directors has the responsibility to satisfy itself that the risk management processes designed and implemented by management are adequate and functioning as designed. To do this, the Chairman of the Board meets regularly with management to discuss strategy and the risks facing the Company. Senior management attends the Board meetings and is available to address any questions or concerns raised by the Board on risk management and any other matters. The Chairman of the Board and independent members of the Board work together to provide strong, independent oversight of the Company’s management and affairs through its standing committees and, when necessary, special meetings of independent directors.


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Corporate Governance Policy


The Board of Directors has adopted a corporate governance policy to govern certain activities, including: the duties and responsibilities of directors; the composition, responsibilities and operations of the Board of Directors; the establishment and operation of Board committees; succession planning; convening executive sessions of independent directors; the Board of Directors’ interaction with management and third parties; and the evaluation of the performance of the Board of Directors and of the President and Chief Executive Officer.

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Committees of the Board of Directors


The following table identifies our standing committees and their members at September 30, 2010.2013. All members of each committee are independent in accordance with the listing requirements of the Nasdaq Stock Market, Inc. Each committee operates under a written charter that is approved by the Board of Directors and that governs its composition, responsibilities and operation. Each committee reviews and reassesses the adequacy of its charter at least annually. The charters of all three committees are available at the Investor Relations section of ourthe Bank’s website (www.fsbbank.net).


Director 
Audit
Committee
 
Compensation 
Committee
 
Nominating/
Corporate
Governance
Committee
Charles E. Becht, Jr.   X* X
Cecile A. Blau     X*
Frank N. Czeschin X X  
Gerald Wayne Clapp, Jr. X    
Samuel E. Eckart      
John P. Lawson, Jr.      
Michael F. Ludden X X X
Larry W. Myers      
Vaughn K. Timberlake      
Douglas A. York X*    
Number of meetings in 2010 9 6 2

Director Audit
Committee		 

Compensation

Committee

 Nominating/
Corporate
Governance
Committee
Charles E. Becht, Jr.   X* X
Cecile A. Blau     X*
Frank N. Czeschin X X  
Gerald Wayne Clapp, Jr. X    
John E. Colin      
Samuel E. Eckart      
John P. Lawson, Jr.      
Michael F. Ludden X X X
Larry W. Myers      
Vaughn K. Timberlake      
Douglas A. York X*    
Number of meetings in fiscal 2013 7 6 1

* Denotes Chairperson



Audit Committee


The Audit Committee is responsible for providing oversight relating to our consolidated financial statements and financial reporting process, systems of internal accounting and financial controls, internal audit function, annual independent audit and the compliance and ethics programs established by management and the Board. The Audit Committee is also responsible for engaging the Company’s independent registered public accounting firm and monitoring its conduct and independence. The Company’s Board of Directors has designated Douglas A. York, CPA as an “audit committee financial expert” under the rules of the Securities and Exchange Commission.


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Compensation Committee


The Compensation Committee approves the compensation objectives for the Company and the Bank, establishes the compensation for the Company’s and Bank’s senior management and conducts the performance review of the President and Chief Executive Officer. The Compensation Committee reviews all components of compensation, including salaries, cash incentive plans, long-term incentive plans and various employee benefit matters. Decisions by the Compensation Committee with respect to the compensation of executive officers are approved by the full Board of Directors. The Committee also assists the Board of Directors in evaluating potential candidates for executive positions.

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Nominating/Corporate Governance Committee


The Nominating/Corporate Governance Committee assists the Board of Directors in: (1) identifying individuals qualified to become Board members, consistent with criteria approved by the Board; (2) recommending to the Board the director nominees for the next annual meeting; (3) implementing policies and practices relating to corporate governance, including implementation of and monitoring adherence to corporate governance guidelines; (4) leading the Board in its annual review of the Board’s performance; and (5) recommending director nominees for each committee.


Minimum Qualifications for Director Nominees.The Nominating/Corporate Governance Committee has adopted a set of criteria that it considers when it selects individuals to be nominated for election to the Board of Directors. A candidate must meet the eligibility requirements set forth in the Company’s Bylaws, which include an age limitation and a requirement that the candidate not have been subject to certain criminal or regulatory actions. A candidate also must meet any qualification requirements set forth in any Board of Directors or committee governing documents.


If a candidate is deemed eligible for election to the Board of Directors, the Nominating/ Corporate Governance Committee will then evaluate the following criteria in selecting nominees:


·contributions to the range of talent, skill and expertise of the Board of Directors;

·financial, regulatory and business experience, knowledge of the banking and financial service industries, familiarity with the operations of public companies and ability to read and understand financial statements;

·familiarity with the Company’s market area and participation in and ties to local businesses and local civic, charitable and religious organizations;

·personal and professional integrity, honesty and reputation;

·the ability to represent the best interests of the shareholders of the Company and the best interests of the institution;

·the ability to devote sufficient time and energy to the performance of his or her duties;

·independence as that term is defined under applicable Securities and Exchange Commission and stock exchange listing criteria; and

·current equity holdings in the Company.

The Nominating/Corporate Governance Committee also will consider any other factors it deems relevant, including diversity, competition, size of the Board of Directors and regulatory disclosure obligations.


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With respect to nominating an existing director for re-election to the Board of Directors, the Nominating/Corporate Governance Committee will consider and review an existing director’s attendance and performance at Board meetings and at meetings of committees on which he or she serves; length of Board service; the experience, skills and contributions that the existing director brings to the Board; and independence.


Director Nomination Process.The process that the Nominating/Corporate Governance Committee follows to identify and evaluate individuals to be nominated for election to the Board of Directors is as follows:


For purposes of identifying nominees for the Board of Directors, the Nominating/Corporate Governance Committee relies on personal contacts of the committee members and other members of the Board of Directors, as well as its knowledge of members of the communities served by the Bank. The Nominating/Corporate Governance Committee will also consider director candidates recommended by shareholders according to the policy and procedures set forth below. The Nominating/Corporate Governance Committee has not previously used an independent search firm to identify nominees.


In evaluating potential nominees, the Nominating/Corporate Governance Committee determines whether the candidate is eligible and qualified for service on the Board of Directors by evaluating the candidate under the criteria set forth above. If such individual fulfills these criteria, the Nominating/ Corporate Governance Committee will conduct a check of the individual’s background and interview the candidate to further assess the qualities of the prospective nominee and the contributions he or she would make to the Board.


Considerations of Recommendations by Shareholders.The policy of the Nominating/Corporate Governance Committee is to consider director candidates recommended by shareholders who appear to be qualified to serve on the Company’s Board of Directors. The Nominating/Corporate Governance Committee may choose not to consider an unsolicited recommendation if no vacancy exists on the Board of Directors and the Nominating/Corporate Governance Committee does not perceive a need to increase the size of the Board of Directors. To avoid the unnecessary use of the Nominating/Corporate Governance Committee’s resources, the Nominating/ Corporate Governance Committee will consider only those director candidates recommended in accordance with the procedures set forth below.


Procedures to be Followed by Shareholders.To submit a recommendation of a director candidate to the Nominating/Corporate Governance Committee, a shareholder should submit the following information in writing, addressed to the Chairman of the Nominating/Corporate Governance Committee, care of the Corporate Secretary, at the main office of the Company:


1.The name of the person recommended as a director candidate;

2.All information relating to such person that is required to be disclosed in solicitations of proxies for election of directors pursuant to Regulation 14A under the Securities Exchange Act of 1934;

3.The written consent of the person being recommended as a director candidate to being named in the proxy statement as a nominee and to serving as a director if elected;

4.As to the shareholder making the recommendation, the name and address of such shareholder as they appear on the Company’s books; provided, however, that if the shareholder is not a registered holder of the Company’s common stock, the shareholder should submit his or her name and address along with a current written statement from the record holder of the shares that reflects ownership of the Company’s common stock; and

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5.A statement disclosing whether such shareholder is acting with or on behalf of any other person and, if applicable, the identity of such person.

In order for a director candidate to be considered for nomination at the Company’s annual meeting of shareholders, the recommendation must be received by the Nominating/Corporate Governance Committee at least 120 calendar days before the date the Company’s proxy statement was released to shareholders in connection with the previous year’s annual meeting, advanced by one year.

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Board and Committee Meetings


During the fiscal year ended September 30, 2010,2013, the Board of Directors of the Bank held 13thirteen regular meetings, including its annual and organizational meeting, and the Board of the Directors of the Company held nineten regular meetings, including its annual and organizational meeting. No director attended fewer than 75% of the total meetings of the Company’s or the Bank’s Board of Directors and the respective committees on which such director served during fiscal 2010.


2013.

Director Attendance at the Annual Meeting of Shareholders


The Board of Directors encourages each director to attend the Company’s annual meeting of shareholders. EightAll of the Company’s then eleven directors attended last year’s annual meeting of shareholders.


Code of Ethics and Business Conduct


The Company has adopted a code of ethics and business conduct which applies to all of the Company’s and the Bank’s directors, officers and employees. A copy of the code of ethics and business conduct is available to stockholders on the Investor Relations portion of the Bank’s website atwww.fsbbank.net.


REPORT OF THE AUDIT COMMITTEE


The Company’s management is responsible for the Company’s internal controls and financial reporting process. The Company’s independent registered public accounting firm is responsible for performing an independent audit of the Company’s consolidated financial statements and issuing an opinion on the conformity of those financial statements with generally accepted accounting principles. The Audit Committee oversees the Company’s internal controls and financial reporting process on behalf of the Board of Directors.


In this context, the Audit Committee has met and held discussions with management and the independent registered public accounting firm. Management represented to the Audit Committee that the Company’s consolidated financial statements were prepared in accordance with generally accepted accounting principles in the United States and the Audit Committee has reviewed and discussed the consolidated financial statements with management and the independent registered public accounting firm. The Audit Committee discussed with the independent registered public accounting firm matters required to be discussed pursuant to U.S.by the Statement on Auditing Standards No. 380 (Communication With Audit Committees)61, as amended (AICPA, Professional Standards, Vol. 1 AU Section 380), as adopted by the Public Company Accounting Oversight Board in Rule 3200T, including the quality, and not just the acceptability, of the accounting principles, the reasonableness of significant judgments and the clarity of the disclosures in the financial statements.


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In addition, the Audit Committee has received the written disclosures and the letter from the independent registered public accounting firm required by the applicable requirements of the Public Company Accounting Oversight Board regarding the independent registered public accounting firm’s communications with the Audit Committee concerning independence, and has discussed with the independent registered public accounting firm the firm’s independence from the Company and its management. In concluding that the registered public accounting firm is independent, the Audit Committee considered, among other factors, whether the non-audit services provided by the firm were compatible with its independence.


The Audit Committee discussed with the Company’s independent registered public accounting firm the overall scope and plans for their audit. The Audit Committee meets with the independent registered public accounting firm, with and without management present, to discuss the results of their examination, their evaluation of the Company’s internal controls, and the overall quality of the Company’s financial reporting.


In performing all of these functions, the Audit Committee acts only in an oversight capacity. In its oversight role, the Audit Committee relies on the work and assurances of the Company’s management, which has the primary responsibility for financial statements and reports, and of the independent registered public accounting firm who, in its report, express an opinion on the conformity of the Company’s consolidated financial statements to generally accepted accounting principles. The Audit Committee’s oversight does not provide it with an independent basis to determine that management has maintained appropriate accounting and financial reporting principles or policies, or appropriate internal controls and procedures designed to assure compliance with accounting standards and applicable laws and regulations. Furthermore, the Audit Committee’s considerations and discussions with management and the independent registered public accounting firm do not assure that the Company’s consolidated financial statements are presented in accordance with generally accepted accounting principles, that the audit of the Company’s consolidated financial statements has been carried out in accordance with generally accepted auditing standards or that the Company’s independent registered public accounting firm is “independent.”


In reliance on the reviews and discussions referred to above, the Audit Committee has recommended to the Board of Directors, and the Board has approved, that the audited consolidated financial statements be included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 20102013 for filing with the Securities and Exchange Commission. The Audit Committee also has approved, subject to shareholder ratification, the selection of the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2011.


2014.

Audit Committee of the Board of Directors of

First Savings Financial Group, Inc.


Douglas A. York, Chairman

Gerald W. Clapp, Jr.

Frank N. Czeschin

Michael F. Ludden


11
9


DIRECTOR COMPENSATION


The following table provides the compensation received by individuals who served as directors, and who were not also named executive officers, of First Savings Financial Group during the 20102013 fiscal year.


  Fees Earned
or
Paid in Cash		  Stock
Awards (1)		  Option 
Awards (2)		  Nonqualified
Deferred
Compensation
Earnings		  All Other
Compensation		  Total 
Charles E. Becht, Jr. $11,650   -   -  $1,746  $1,364  $14,760 
Cecile A. Blau  7,350   -   -   249   1,364   8,963 
Gerald Wayne Clapp, Jr.  9,400   -   -   1,369   1,364   12,133 
John E. Colin  6,113   -   -   -   -   6,113 
Frank N. Czeschin  12,500   -   -   -   681   13,181 
Michael F. Ludden  13,150   -   -   2,475   2,044   17,669 
Vaughn K. Timberlake  6,000   -   -   1,123   681   7,804 
Douglas A. York  14,250   -   -   -   1,364   15,614 

  
Fees Earned or
Paid in Cash
  
Stock
Awards (1)
  
Option 
Awards (2)
  Total 
Charles E. Becht, Jr. $7,100  $47,554  $27,723  $82,377 
Cecile A. Blau  5,500   47,554   27,723   80,777 
Gerald Wayne Clapp, Jr.  6,800   47,554   27,723   82,077 
Frank N. Czeschin  6,400   23,771   13,862   44,033 
Robert E. Libs (3)  5,800   47,554   27,723   81,077 
Michael F. Ludden  8,200   71,325   41,585   121,110 
Vaughn K. Timberlake  5,000   23,771   13,862   42,633 
Douglas A. York  7,700   47,554   27,723   82,977 
(1)Reflects the aggregate grant date fair value for restricted stock awards granted during the year computed in accordance with Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 718 – Share Based Payment. The amounts were calculated based on First Savings Financial Group’s stock price as of the grant date, which was $13.25. Restricted stock awards vest in five approximately equal annual installments commencing on May 18, 2011.  See footnotes to the directors and executive officers stock ownership table under “Stock Ownership” for the aggregate number of unvested restricted stock award shares held in trust for each director at fiscal year-end.September 30, 2013.
(2)This amount reflects the aggregate grant date fair value for outstanding stock option awards granted during the year, computed in accordance with FASB ASC Topic 718.  The Company uses the Binomial option pricing model to estimate the fair value for stock option awards.  For further information on the assumptions used to compute the fair value, see Note 15 of the Notes to Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the year ended September 30, 2010.  The actual value, if any, realized by a director from any option will depend on the extent to which the market value of the common stock exceeds the exercise price of the option on the date the option is exercised.  Accordingly, there is no assurance that the value realized by a director will be at or near the value estimated above.  Stock options vest in five approximately equal annual installments commencing on May 18, 2011.  As of September 30, 2010,2013, Messrs. Becht, Clapp and York, and Ms. Blau each held 8,972 options to purchase shares of Company common stock (of which 5,382 each were exercisable), Messrs. Czeschin and Timberlake each held 4,486 options to purchase shares of Company common stock (of which 2,692 each were exercisable) and Mr. Ludden held 13,458 options to purchase shares of Company common stock.  None of these optionsstock (of which 8,075 were exercisable at September 30, 2010.exercisable).
(3)Effective August 18, 2010, Robert E. Libs retired from the Board of Directors of First Savings Financial Group and the Board of Directors of First Savings Bank, FSB.  Upon Mr. Libs’ retirement, his 8,972 options to purchase shares of Company common stock became exercisable.

Cash Retainer and Meeting Fees For Non-Employee Directors.The following table sets forth the applicable retainers and fees currently paid to our non-employee directors for their service on the Boards of Directors of First Savings Financial Group and First Savings Bank for their service.


Board of Directors of First Savings Bank    
Fee per Board Meeting – Director $950  
Fee per Board Meeting – Chairman $1,350  
Board of Directors of First Savings Financial Group     
   Annual Retainer $5,000  
   Fee per Committee Meeting $200 ($300 for Committee Chairman)

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Board of Directors of First Savings Bank    
Annual Retainer – Directors $12,000 
Annual Retainer – Chairperson  18,000 
     
Board of Directors of First Savings Financial Group    
Annual Retainer – Directors and Chairperson $6,000 
Annual Retainer – Committees:    
— Audit Committee Members $2,500 
— Audit Committee Chairperson  6,000 
— Compensation Committee Members  2,500 
— Compensation Committee Chairperson  4,000 
— Nominating/Corporate Governance Committee Members  350 
— Nominating/Corporate Governance Committee Chairperson  1,000 

Directors’ Deferred Compensation Agreements.The Company and the Bank have entered intomaintain deferred compensation agreements with some of their non-employee directors. Under the agreements, each director may defer the receipt of meeting and other board fees to a future date; generally until a director’s normal retirement date of age 70. Under the agreements, the Company and the Bank credit the deferred compensation amounts quarterly with interest at an annual rate equal to the prime rate for the immediately preceding calendar quarter plus 2%, but in no event at a rate in excess of 8%. Subject to certain elections available to each director, deferred compensation amounts are distributable in a single lump sum or over a period of 180 months, typically commencing at normal retirement age or termination of service. Benefits also become distributable in a single lump sum or over a 180-month period following a director becoming disabled. If a director dies before the commencement of benefit payments or before the completion of all benefit payments, the benefit or remaining benefit, as the case may be, are distributed to the director’s beneficiary in a single lump sum.

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STOCK OWNERSHIP


The following table provides information as of December 31, 20102013 about the persons, other than directors and executive officers, known to the Company to be the beneficial owners of more than 5% of the Company’s outstanding common stock. A person may be considered to beneficially own any shares of common stock over which the person has, directly or indirectly, sole or shared voting or investment power.


Name and Address Number of
Shares Owned		  
Percent
of Common Stock
Outstanding(1)
 
       
First Savings Bank, F.S.B.
Employee Stock Ownership Plan
501 East Lewis & Clark Parkway
Clarksville, Indiana 47129		  203,363(2)  8.58%
         
First Savings Bank Profit Sharing/401(k) Plan
501 East Lewis & Clark Parkway
Clarksville, Indiana 47129		  138,926   5.86%

Name and Address Number of
Shares Owned		  

Percent

of Common Stock

Outstanding(1)

 
       
FJ Capital Management, LLC
1313 Dolley Madison Blvd., Ste. 306
McLean, Virginia 22101		  210,248(2)  8.73%
         
First Savings Bank, F.S.B.
Employee Stock Ownership Plan
501 East Lewis & Clark Parkway
Clarksville, Indiana 47129		  189,611(3)  7.87%
         
First Savings Bank Profit Sharing/401(k) Plan
501 East Lewis & Clark Parkway
Clarksville, Indiana 47129		  148,290   6.15%
         
Larry W. Myers
501 East Lewis & Clark Parkway
Clarksville, Indiana 47219		  122,214   5.07%

 
(1)Based on 2,368,9452,262,305 shares of the Company’s common stock outstanding and entitled to vote as of December 31, 2010.2013, plus 147,141 exercisable shares that may be acquired by the named individual, or by all directors and executive officers as a group, within 60 days upon the exercise of options.
(2)Based exclusively on a Schedule 13G filed with the Securities and Exchange Commission on December 26, 2012.
(3)As of December 31, 2010, 42,4132013, 91,588 shares have been allocated to participants’ ESOP accounts. Excludes shares to be allocated under the ESOP for the year ended December 31, 2013 because allocation information is unavailable as of the mailing date of this proxy statement.
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The following table provides information about the shares of Company common stock that may be considered to be beneficially owned by each director or nominee for director of the Company, by the executive officers named in the Summary Compensation Table and by all directors, nominees for director and executive officers of the Company as a group as of December 31, 2010.2013. A person may be considered to beneficially own any shares of common stock over which he or she has, directly or indirectly, sole or shared voting or investment power. Unless otherwise indicated, each of the named individuals has sole voting and investment power with respect to the shares shown and none of the named individuals has pledged any of his or her shares.

Name Number of
Shares Owned		  

Percent of

Common Stock

Outstanding(1)

 
       
Directors:        
Charles E. Becht, Jr.  34,271(2)  1.42%
Cecile A. Blau  15,091(3)  *
Gerald Wayne Clapp, Jr.  43,771(4)  1.82%
John E. Colin  2,000   *
Frank N. Czeschin  5,486(5)  *
Samuel E. Eckart  26,519(6)  1.10%
John P. Lawson, Jr.  61,144(7)  2.54%
Michael F. Ludden  43,458(8)  1.80%
Larry W. Myers  122,214(9)  5.07%
Vaughn K. Timberlake  6,254(10)  *
Douglas A. York  38,971(11)  1.62%
         
Executive Officers Who Are Not Directors:        
Anthony A. Schoen  45,577(12)  1.90%
         
All Directors and Executive Officers as a Group (12 persons)  444,756(13)  18.46%

 
Name 
Number of
Shares Owned
  
Percent of
Common Stock
Outstanding (1)
 
       
Directors:
      
Charles E. Becht, Jr.  24,429(2)  1.03%
Cecile A. Blau  9,839(3)  * 
Gerald Wayne Clapp, Jr.  36,389(4)  1.54%
Frank N. Czeschin  2,794(5)  * 
Samuel E. Eckart  5,193(6)  * 
John P. Lawson, Jr.  41,909(7)  1.77%
Michael F. Ludden  35,383(8)  1.49%
Larry W. Myers  101,981(9)  4.30%
Vaughn K. Timberlake  3,294(10)  * 
Douglas A. York  33,589(11)  1.42%
         
Executive Officers Who Are Not Directors:
        
Anthony A. Schoen  26,548(12)  1.12%
         
All Directors and Executive Officers as a Group (11) persons  321,348   13.57%
*Represents less than 1% of the Company’s outstanding shares.
(1)Based on 2,368,9452,262,305 shares of the Company’s common stock outstanding and entitled to vote as of December 31, 2010.2013, plus 147,141 exercisable shares that may be acquired by the named individual, or by all directors and executive officers as a group, within 60 days upon the exercise of options.
(2)Includes 84025,140 shares held in an individual retirement account, and 3,589160 shares held in Mr. Becht’s spouse’s individual retirement account, 1,435 shares held through unvested stock awards.awards and 5,382 shares held through exercisable stock options.
(3)Includes 3,5891,435 shares held through unvested stock awards.awards and 5,382 shares held through exercisable stock options.
(4)Includes 10,000 shares held by Mr. Clapp’s spouse, and 3,5892,000 shares held by Mr. Clapp as guardian for his mother, 1,435 shares held through unvested stock awards.awards and 5,382 shares held through exercisable stock options.
(5)Includes 1,000 shares held in an individual retirement account, and 1,794717 shares held through unvested stock awards.awards and 2,692 shares held through exercisable stock options.
(6)Includes 5,0932,511 shares allocated under the ESOP, 3,055 shares held through unvested stock awards.
(7)Includes 2,204awards and 17,796 shares held through exercisable stock options. Excludes shares to be allocated under the ESOP 19,369 shares held underfor the First Savings Bank Profit Sharing/401(k) Plan and 20,336 shares held through unvested stock awards.  Excludes shares allocated under the ESOP as ofyear ended December 31, 20102013 because allocation information is unavailable as of the mailing date of this proxy statement.
(8)(7)Includes 10,0004,365 shares held by Mr. Ludden’s spouse and 5,383 shares held through unvested stock awards.
(9)Includes 24,200 shares held in Mr. Myers’ spouse’s individual retirement account, 49,131allocated under the ESOP, 22,866 shares held under the First Savings Bank Profit Sharing/401(k) Plan, 3,238 shares allocated under the ESOP and 25,4128,134 shares held through unvested stock awards.awards and 17,796 shares held through exercisable stock options. Excludes shares to be allocated under the ESOP as offor the year ended December 31, 20102013 because allocation information is unavailable as of the mailing date of this proxy statement.
(10)(8)Includes 1,50010,000 shares held in an individual retirement account and 1,794by Mr. Ludden’s spouse, 2,152 shares held through unvested stock awards.
(11)Includes 20,000 shares held by a limited liability company with which Mr. York is affiliatedawards and 3,5898,075 shares held through unvestedexercisable stock awards.options.
(12)(9)Includes 4,37024,200 shares held in Mr. Myers’ spouse’s individual retirement account, 55,251 shares held under the First Savings Bank Profit Sharing/401(k) Plan, 1,3426,079 shares allocated under the ESOP, and 20,33610,166 shares held through unvested stock awards.awards and 22,641 shares held through exercisable stock options. Excludes shares to be allocated under the ESOP as offor the year ended December 31, 20102013 because allocation information is unavailable as of the mailing date of this proxy statement.
12
(10)Includes 1,500 shares held in an individual retirement account, 393 shares allocated under the ESOP, 717 shares held through unvested stock awards and 2,692 held through exercisable stock options.
(11)Includes 20,000 shares which Mr. York disclaims beneficial ownership of and which are held by a limited liability company with which Mr. York is affiliated, 1,435 shares held through unvested stock awards and 5,382 shares held through exercisable stock options.
(12)Includes 7,371 shares held under the First Savings Bank Profit Sharing/401(k) Plan, 2,898 shares allocated under the ESOP, 8,134 shares held through unvested stock awards and 17,796 shares held through exercisable stock options. Excludes shares to be allocated under the ESOP for the year ended December 31, 2013 because allocation information is unavailable as of the mailing date of this proxy statement.
(13)Includes 38,815 shares held through unvested stock awards and 111,253 shares held through exercisable stock options.

ITEMS OF BUSINESS TO BE VOTED ON BY SHAREHOLDERS


Item 1 — Election of Directors


The Company’s Board of Directors consists of teneleven members. All of the nominees are currently directors of the Company and the Bank, except for Vaughn K. Timberlake who serves on the Company’s Board only.Bank. The Board is divided into three classes, each with three-year staggered terms, with approximately one-third of the directors elected each year. The three nominees who have been nominated for election at the annual meeting to serve for a three-year term or until their successors have been duly elected and qualified are: Michael F. Ludden, Larry W. Myers and Vaughn K. Timberlake.


Unless you indicate on the proxy card that your shares should not be voted for certain nominees, the Board of Directors intends that the proxies solicited by it will be voted for the election of each of the Board’s nominees. If any nominee is unable to serve, the persons named in the proxy card would vote your shares to approve the election of any substitute proposed by the Board of Directors. At this time, we know of no reason why any nominee might be unable to serve.


The Board of Directors recommends that shareholders vote “FOR” the election of all of the nominees.


Information regarding the nominees for election at the annual meeting is provided below. Unless otherwise stated, each individual has held his or her current occupation for the last five years. The age indicated for each individual is as of September 30, 2010.2013. For those directors who are not former directors of Community First Bank, the starting year of service as director includes service on the Board of Directors of First Savings Bank.


Board Nominees for Terms Ending in 2014


2017

Michael F. Ludden serves as Chairman of the Board of First Savings Financial Group and First Savings Bank. He is President and Chief Executive Officer of L. Thorn Company, Inc., a construction materials distribution company. Age 61.64. Director since 1992.

Mr. Ludden provides the Board with significant marketing and operational knowledge through his experience as president of a construction material supply business. In addition, he has considerable experience in executive management. Mr. Ludden has served as Chairman of the Board of First Savings Financial Group for the past twofour years, beginning with its formation in October 2008, and as Chairman of the Board of First Savings Bank for the past sixeight years.


Larry W. Myers is the President and Chief Executive Officer of First Savings Bank and First Savings Financial Group. Mr. Myers joined First Savings Bank in 2005. Previously, he served as Chief Operations Officer of First Savings Bank. Before joining First Savings Bank, he served as an Area President of National City Bank in southern Indiana. Age 52.55. Director since 2005.


Mr. Myers’ twenty-eightthirty-one years of experience in the local banking industry and involvement in business and civic organizations within the region in which the Bank conducts its business affords the Board valuable insight regarding business initiatives and operations of the Company and Bank. Mr. Myers’ knowledge of the Company’s and the Bank’s business, combined with his tenure and strategic vision, position him well for continued service as a director and as President and Chief Executive Officer of the Company and Bank.

13

Vaughn K. Timberlake is served as Executive Vice President of First Savings Bank.Bank from September 2009 until May 2011. Before joining First Savings Bank, Mr. Timberlake served as Chairman of the Board of Directors of Community First Bank.Bank from 2001 until 2009. Age 69.72. Director since 2009.


Mr. Timberlake has fortyforty-two years of experience in the local banking industry, including sixteen years of service as a director of a former community-oriented bank. His experience and tenured expertise provide the Board with organizational and operational knowledge.


Directors Continuing in Office


All of the directors continuing in office are currently directors of the Company and the Bank, except for Frank N. Czeschin and Vaughn K. Timberlake, who only servesserve on the Company’s Board.


The following directors have terms ending in 2012:


2015:

Charles E. Becht, Jr.is owner and President of Ward Forging Co., Inc., a steel fabrication company. Age 62.65. Director since 1995.

Mr. Becht has significant business and management-level experience with an industry outside of financial services, which provides a unique perspective of the local and national market to the Board. Mr. Becht’sBecht also possesses marketing knowledge that is of additional value to the Company.


Gerald Wayne Clapp, Jr.is the retired former President of CLAPP Auto Group, an auto sales and service company. Age 61.64. Director since 1995.


Mr. Clapp has career experience as a small business executive within the region in which the Bank conducts its business, which provides the Board with valuable insight regarding the local business and consumer environment. In addition, as an active member of the community, Mr. Clapp maintains contact with the local consumer environment through his day-to-dayenvironment.

John E. Colin is a partner in the law firm of Simpson, Thompson & Colin, LLC. Age 43. Director of the Bank since 2011 and Vice-Chairman of the Bank and the Company since March 2013.

Mr. Colin’s legal experience as a partner of the firm Simpson, Thompson & Colin, LLC affords the Board in-depth knowledge and understanding of the issues facing the Bank and the Company and the unique skills needed to guide the Company and its management of his auto dealership.effectively.

16

Samuel E. Eckartis Executive Vice President of First Savings Financial Group and Area President of First Savings Bank. Before joining First Savings Bank, Mr. Eckart served as President and Chief Executive Officer and a director of Community First Bank. Age 60.63. Director since 2009.


Mr. Eckart’s thirty-eightforty-one years of experience in the local banking industry, including fifteen years as a director of aother former community-oriented bank,banks, provides the Company and Bank with organizational, operational and market knowledge. In addition, as an active member of the community, he currently holds various positions in a number of local charitable and civic organizations. Mr. Eckart’s knowledge of the Company’s and the Bank’s business position him well for continued service as a director and as an Executive Vice President of the Company and Bank.


The following directors have terms ending in 2013:


2016:

Cecile A. Blau serves as a Senior Judge for the State of Indiana. Ms. Blau served as a county judge in the State of Indiana until December 2008, when her term expired. Age 65.68. Director since 2008.


Ms. Blau’s experience as an attorney and judge within the region in which the Bank conducts its business, provides the Board with the legal knowledge necessary to assess issues facing a public company. In addition, Ms. Blau has a rich history of community service and currently holds various positions in a number of local charitable and civic organizations.

14

Douglas A. Yorkis President of Rodefer Moss & Co, PLLC, a public accounting firm. Age 48.51. Director since 2008.


Mr. York is an experienced certified public accountant whose financial background qualifies him as the Audit Committee’s financial expert. In addition, he possesses substantial company management experience as President of Roderfer Moss & Co., PLLC, a regional CPA firm.


John P. Lawson, Jr. is the Chief Operating Officer of First Savings Bank and First Savings Financial Group. Mr. Lawson joined First Savings Bank in 1988. Previously, he served as Assistant Vice President, Vice President, Senior Vice President and Executive Vice President of First Savings Bank. Age 53.56. Director since 2006.


Mr. Lawson’s twenty-twotwenty-five years of experience in the management of First Savings Bank provides the Board valuable insight regarding the business and operations of the Company and Bank. Prior to his service with the Bank, he developed financial expertise as a financial planner. Mr. Lawson’s knowledge of the Company and Bank’s history and business operations position him well for continued service as a director and as Chief Operating Officer of the Company and Bank.


Frank N. Czeschin is President of Indiana Utilities Corporation, a natural gas distributor, President of Southern Indiana Pipeline Corporation, a natural gas transporter, and Managing Partner of Zabel Builders, LLC, a residential construction company. Former director of Community First Bank. Age 49.52. Director since 2009.


Mr. Czeschin’s management experience in the ownership of a local utility company that operates within the region in which the Bank conducts its business, provides the Board with valuable insight regarding the local business and consumer environment. In addition, Mr. Czeschin has ten years of experience as a director of a former community-oriented bank.


Executive Officers Who are Not Directors


Below is information regarding our other executive officer who is not also a director of the Company.Company or the Bank. He has held his current position for at least the last five years, unless otherwise stated. The age presented is as of September 30, 2010.


2013.

Anthony A. Schoen is the Chief Financial Officer of First Savings Financial Group and First Savings Bank. Before assuming his current position, Mr. Schoen served as Assistant Controller of First Savings Bank. Before joining First Savings Bank, Mr. Schoen was a manager with Monroe Shine & Co., Inc. Age 33.


36.

Item 2 — Ratification of the Independent Registered Public Accounting Firm


The Audit Committee of the Board of Directors has appointed Monroe Shine & Co., Inc. to be the Company’s independent registered public accounting firm for the 20112014 fiscal year, subject to ratification by shareholders. A representative of Monroe Shine & Co., Inc. is expected to be present at the annual meeting to respond to appropriate questions from shareholders and will have the opportunity to make a statement should he desire to do so.


If the ratification of the appointment of the independent registered public accounting firm is not approved by a majority of the sharesvotes cast at the annual meeting, the Audit Committee of the Board of Directors may consider other independent registered public accounting firms.

15

The Board of Directors recommends that shareholders vote “FOR” the ratification of the appointment of Monroe Shine & Co., Inc. as the Company’s independent registered public accounting firm for the 20112014 fiscal year.


Audit Fees.The following table sets forth the fees billed to the Company and the Bank by Monroe Shine & Co., Inc. for the fiscal years ended September 30, 20102013 and 2009:


  2010  2009 
Audit fees (1)
 $83,370  $76,115 
Audit related fees (2)
  29,040   67,360 
Tax fees (3)
  11,730   10,770 
All other fees (4)
  221,521   87,260 
2012:

  2013  2012 
Audit fees $98,065  $93,960 
Audit related fees(1)  19,580   57,860 
Tax fees(2)  16,415   16,200 
All other fees(3)  67,875   186,075 

(1)Includes fees for the audit of the consolidated financial statements and review of the interim financial information contained in the quarterly reports on Form 10-Q and other regulatory reporting.  In addition, this category includes fees for services associated with SEC registration statements or other documents filed in connection with securities offerings, including comfort letters, consents and assistance with the review of documents filed with the SEC.
(2)(1)Includes fees for attestation and related services traditionally performed by the auditor including attestation services not required by statute or regulation, consultations concerning financial accounting and reporting standards and due diligence and regulatory filings related to mergers or acquisitions. For 2009,2013, includes fees of $47,560$6,900 for assistance with due diligencethe audit of the Company’s 401(k) Plan and regulatory filings prepared in connection with$4,100 for the Community First Bank acquisition.audit of the Company’s ESOP. For 2012, includes fees of $6,700 for the audit of the 401(k) Plan and $1,000 for the audit of the Company’s ESOP.
(3)(2)Includes fees for tax compliance services including preparation of original and amended federal and state income tax returns, preparation of property tax returns, preparation of Forms 1099 and tax payment and planning advice.
(4)(3)Other fees includes fees for services performed by Infinite Solutions, LLC, ana former affiliate of Monroe Shine & Co., Inc., for information technology project management and network management assistance for information technology systems not associated with the financial statements. For 2010,2013, these fees have been reported through December 31, 2012, the effective date that Monroe Shine & Co., Inc. sold its interest in Infinite Solutions, LLC. For 2012, includes fees of $72,256$17,820 for network systemsthe implementation of new hardware and integration project management related to Bank’s core operating system conversion and fees of $58,340 related to network management assistance for Community First Bank systems following the acquisition.projects.

Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of the Independent Registered Public Accounting Firm.The Audit Committee has adopted a policy for approval of audit and permitted non-audit services by the Company’s independent registered public accounting firm. The Audit Committee will consider annually and approve the provision of audit services by the independent registered public accounting firm and, if appropriate, approve the provision of certain defined audit and non-audit services. The Audit Committee also will consider on a case-by-case basis and, if appropriate, approve specific engagements.


Any proposed specific engagement may be presented to the Audit Committee for consideration at its next regular meeting or, if earlier consideration is required, to the Audit Committee or one or more of its members. The member or members to whom such authority is delegated shall report any specific approval of services at its next regular meeting. The Audit Committee will regularly review summary reports detailing all services being provided to the Company by its independent registered public accounting firm.


During the fiscal year ended September 30, 2010,2013, all of the audit related fees, tax fees and all other fees set forth above were approved by the Audit Committee.

16

Item 3 – Advisory (Non-binding) Vote on the Approval of Compensation of the Named Executive Officers


The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) requires, among other things, that the Company permit a non-binding advisory vote on the compensation of its named executive officers, as described in the tabular disclosure regarding named executive officer compensation and the accompanying narrative disclosure in this proxy statement.


This proposal, commonly known as a “say-on-pay” proposal, gives the Company’s shareholders the opportunity to endorse or not endorse the Company’s executive compensation program and policies through the following resolution:


“Resolved, that the Company’s shareholders approve, on an advisory basis, the compensation of the named executive officers, as described in the tabular disclosure regarding named executive officer compensation and the accompanying narrative disclosure in this proxy statement.”


Because the vote is advisory, it will not be binding upon the Company or its Board of Directors. However, the Compensation Committee will take into account the outcome of the vote when considering future executive compensation arrangements.


The Board of Directors unanimously recommends a vote “FOR” approval of the compensation of the named executive officers.


Item 4 – Advisory Vote on the

Frequency of a Shareholder Vote on the Compensation of the Named Executive Officers


Officers.

The Dodd-Frank Act requires the Company to obtain, at least once every six years, a shareholder vote on the frequency of a shareholder vote on the compensation of the named executive officers.


This proposal gives At the Company’s 2011 annual meeting, the Board of Directors recommended and the Company shareholders voted in favor of an annual advisory vote on the opportunity to determine whethercompensation of the named executive officers. The next shareholder vote on the frequency of a shareholder vote on the compensation of the named executive officers will be every one, two or three years.  Shareholders may also abstain from voting on the frequency of a shareholder vote on executive compensation.

Because the vote is advisory, it will not be binding upon the Company or its Board of Directors. However, the Compensation Committee will take into account the outcome of the vote when considering the frequency of a shareholder vote on executive compensation.

The Board of Directors has determined that having an advisory vote on the compensation of the named executive officers each year is the best approach becauseoccur no later than at the Company’s Compensation Committee reviews and determines the primary elements of compensation, namely salary and cash bonus, each year.2017 annual meeting.

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The Board of Directors unanimously recommends conducting a vote to approve the compensation of the named executive officers every one year.  Note:  Shareholders are not voting to approve or disapprove this recommendation.
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EXECUTIVE COMPENSATION


Summary Compensation Table.The following information is furnished for the principal executive officer of First Savings Financial Group or its subsidiaries and the two most highly-compensated executive officers (other than the principal executive officer) of First Savings Financial Group or its subsidiaries whose total compensation for the fiscal year ended September 30, 2010,2013, exceeded $100,000. These individuals are referred to in this proxy statement as the “named executive officers.”


Name and
Principal Position		  Year  Salary  Bonus  Stock
Awards		  Option Awards  

All Other

Compensation(1)

  Total 
Larry W. Myers  2013  $223,181  $69,378  $—  $—  $65,277  $357,836 
President & Chief Executive Officer  2012   214,492   63,619   —   —   40,448   318,559 
                             
John P. Lawson, Jr.  2013  $154,512  $48,424   —   —  $54,297  $257,233 
Chief Operating Officer  2012   149,896   44,704   —   —   32,401   227,001 
                             
Samuel E. Eckart  2013  $184,952  $58,471   —   —  $51,930  $295,353 
Area President  2012   181,096   54,243   —   —   37,155   272,494 

Name and
Principal Position
 Year Salary  Bonus  
Stock
Awards (1)
  
Option
Awards (2)
  
All Other
Compensation (3)
  Total 
Larry W. Myers 2010 $196,739  $18,614  $336,709  $117,816  $41,776  $711,654 
President & Chief 2009  180,123   24,744           19,908   224,775 
Executive Officer                          
                           
John P. Lawson, Jr. 2010 $137,454  $12,617  $269,452  $91,643  $26,815  $537,981 
Chief Operations 2009  126,685   16,873           13,687   157,245 
Officer                          
                           
Samuel E. Eckart (4)
 2010 $169,615  $2,256  $67,482  $91,643  $12,367  $343,363 
Area President                          
(1)This amount reflectsDetails of the amounts reported in the “All Other Compensation” column for 2013 are provided in the table below. The table excludes perquisites, which did not exceed $10,000 in the aggregate grant date fair value for outstanding restricted stock awards granted during the year, computed in accordance with FASB ASC Topic 718. The amounts were calculated based on the Company’s stock price as of the date of grant, which was $13.25. When shares become vested and are distributed from the trust in which they are held, the recipient will also receive an amount equal to accumulated cash and stock dividends (if any) paid with respect thereto, plus earnings thereon. Restricted stock awards vest in five approximately equal annual installments commencing on May 18, 2011.each named executive officer:
(2)This amount reflects the aggregate grant date fair value for outstanding stock option awards granted during the year, computed in accordance with FASB ASC Topic 718. The Company uses the Binomial option pricing model to estimate the fair value for stock option awards. For further information on the assumptions used to compute the fair value, see Note 15 of the Notes to Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the year ended September 30, 2010. The actual value, if any, realized by an executive officer from any option will depend on the extent to which the market value of the common stock exceeds the exercise price of the option on the date the option is exercised. Accordingly, there is no assurance that the value realized by an executive officer will be at or near the value estimated above. Stock options vest in five approximately equal annual installments commencing on May 18, 2011.
(3)Consists of employer contributions to the First Savings Bank Profit Sharing/401(k) Plan and shares allocated under the ESOP.
(4)Compensation information for Mr. Eckart for fiscal 2009 is omitted as his employment with the Company and the Bank began on September 30, 2009.

  Mr. Myers  Mr. Lawson  Mr. Eckart 
Employer matching contributions to 401(k) Plan $12,864  $10,147  $12,171 
Fair market value of allocations under the ESOP  27,136   21,238   23,601 
Dividends paid on unvested restricted stock awards  9,657   7,727   1,935 
Economic benefit of employer-paid premiums for split-dollar life insurance agreements and group term life insurance  2,932   2,749   4,247 
Director fees  6,000   6,000   6,000 

Employment Agreements.The Company and the Bank have entered into amended and restatedmaintain employment agreements with Larry W. Myers, John P. Lawson, Jr. and Samuel E. Eckart (each an “executive” and, collectively, the “executives”) effective October 7, 2009.. The employment agreements each had an initial term of three years when established in 2008. The employment agreements provide for three-year terms, subject to annual renewal bythat the BoardsCompany and the Bank may extend the term of Directorsthe employment agreements, following a review of an executive’s performance, for an additional year beyondso that the then-current expiration date.remaining term of the agreements is again three years. In 2013, the Company and the Bank extended the term of the employment agreements for each of the named executive officers through October, 2016. The current base salaries under the employment agreements are $205,200, $143,800$227,300, $156,800 and $175,000$186,600 for Messrs. Myers, Lawson and Eckart, respectively. The agreements also provide for participation in employee benefit plans and programs we maintain for the benefit of employees and senior management personnel, including incentive compensation, health and welfare benefits, retirement benefits and certain fringe benefits, as described in the agreements. We also agree to pay all reasonable costs and legal fees of the executives in relation to the enforcement of the employment agreements, provided the executives succeed on the merits in a legal judgment, arbitration proceeding or settlement. The employment agreements also provide for indemnification of the executives to the fullest extent legally permissible. See“Potential Post-Termination Benefits” for a discussion of the benefits and payments the executives may receive upon termination of employment.


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18

Nonqualified Deferred Compensation


Supplemental Executive Retirement Plan.The Bank sponsors a supplemental executive retirement plan which provides restorative payments to provide for supplemental retirementparticipants who are prohibited from receiving the full benefits with respectcontemplated under the ESOP due to the employee stock ownership plan. The plan provides participating executives with benefits otherwise limited by certain provisions of the Internal Revenue Code or the terms of the employee stock ownership plan loan.limitations. In addition to providing for benefits lost under the tax-qualified plan as a result of limitations imposed by the Internal Revenue Code, the plan also provides supplemental benefits to the designated individuals upon a change of control before the complete scheduled repayment of the employee stock ownership plan loan. See“—Potential Post-Termination Benefits” for a discussion of the benefits and payments plan participants may receive upon a change in control. Messrs. Myers and Lawson participate in the plan. The Board of Directors may also designate other officers as participants in the future.


Outstanding Equity Awards at Fiscal Year-End


The following table provides information as of September 30, 20102013 concerning unexercised options and stock awards that have not vested for each named executive officer.


Name Number of
Securities
Underlying 
Unexercised
Options
Exercisable		  Number of
Securities
Underlying
Unexercised
Options
Unexercisable		  Option
Exercise
Price		  Option
Expiration 
Date		 Number
of Shares
or Units
of Stock
That
Have Not
Vested
(2)		  Market Value
of Shares or
Units of Stock
That Have Not
Vested (3)		 
Larry W. Myers  22,878   15,250(1) $13.25  5/18/2020  10,166  $228,735 
                       
John P. Lawson, Jr.  17,796   11,862(1) $13.25  5/18/2020  8,134  $183,015 
                       
Samuel E. Eckart  17,796   11,862(1) $13.25  5/18/2020  2,036  $45,810 

Name 
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
  
Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable
  
Option
Exercise
Price
($)
 
Option
Expiration 
Date
 
Number
of Shares
or Units
of Stock
That
Have Not
Vested
(#)(2)
  
Market Value
of Shares or
Units of Stock
That Have Not
Vested ($)(3)
 
                 
Larry W. Myers  38,128(1)  —  $13.25 5/18/2020  25,412  $332,389 
                      
John P. Lawson, Jr.  29,658(1)  —  $13.25 5/18/2020  20,336  $265,995 
                      
Samuel E. Eckart  29,658(1)  —  $13.25 5/18/2020  5,093  $66,616 
(1)These stock options vest at the rate of 20% per year, commencingwhich commenced on May 18, 2011.
(2)These restricted stock grants vest at the rate of 20% per year, commencingwhich commenced on May 18, 2011. The unvested shares represent those shares that will fully vest in 2014.
(3)Based upon the Company’s closing stock price of $13.08$22.50 on September 30, 2010.2013.

Potential Post-Termination Benefits


Payments Made Upon Termination for Cause or Voluntary Termination Without Good Reason.If we terminate the employment of Messrs. Myers, Lawson or Eckart (collectively referred to in this section on Post-Termination Benefits as the “executives” and individually referred to as an “executive”) for cause, or if an executive terminates employment without good reason, under the terms of the employment agreements, the executive would receive his base salary through the date of his termination of employment and retain the rights to any vested benefits, subject to the terms of any applicable plan or agreement under which we provide those benefits. Upon termination of employment, each executive must adhere to a one-year non-competition provisioncovenant and a two-year non-solicitation provision.covenant. In addition, all vested supplemental ESOP benefits credited under the supplemental executive retirement plan will be distributed to the executives in a lump sum as soon as practicable following the termination of employment.


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Payments Made Upon Voluntary Termination With Good Reason and Termination Without Cause..If we terminate an executive for reasons other than cause, or if either executive resigns after the occurrence of specified circumstances that constitute constructive termination (in other words, for “good reason”), the executive will continue to receive his base salary for the remaining unexpired term of the employment agreement. In addition, we will continue or cause to be continued the executive’s medical benefits until the earlier of: (1) his return to employment with the date he becomes eligible for Medicare;Company or another employer; (2) his attainment of age 65; (3) his death; or (3) the end of the remaining term of the employment agreement. Upon termination of employment, each executive must adhere to a one-year non-competition provisioncovenant and a two-year non-solicitation provision.covenant. In addition, all vested supplemental ESOP benefits credited under the supplemental executive retirement plan will be distributed to the executives in a lump sum as soon as practicable following the termination of employment.


Payments Made Upon Disability.Under the employment agreements, during any incapacity leading up to the termination of the executive’s employment due to disability, we will continue to pay the executive’s base salary, benefits (other than bonus) and perquisites until the executive becomes eligible for benefits under our disability plan. Upon termination of employment, each executive must adhere to a one-year non-competition provisioncovenant and a two-year non-solicitation provision. Incovenant.In addition, all vested supplemental ESOP benefits credited under the supplemental executive retirement plan will be distributed to the executives in a lump sum as soon as practicable following the termination of employment.


Payments Made Upon Death..Under the employment agreements, following an executive’s death, we will pay the executive’s estate the compensation due to the executive through the end of the month in which his death occurs. In addition, all vested supplemental ESOP benefits credited under the supplemental executive retirement plan will be distributed to the executive’s estate in a lump sum as soon as practicable following the executive’s death.


Payments Made Upon a Change in Control.Under the employment agreements, if, in connection with or following a change in control (as described in the agreements), we, or our successor, terminate the executive without cause or if the executive terminates employment voluntarily under specified circumstances that constitute good reason, the executive will receive a lump sum payment equal to three timesthreetimes his average annual taxable compensation for the five taxable years preceding taxable years.the change in control. In addition, we will continue or cause to be continued the executive’s medical benefits until the earlier of: (1) the date he becomes eligible for Medicare; (2) his death; or (3) the end of the remaining term of the employment agreement. The executives are not subject to any non-competition or non-solicitation provisionscovenants following their termination of employment upon or in connection with a change in control.


Section 280G of the Internal Revenue Code provides that severance payments that equal or exceed three times the individual’s “base amount” are deemed to be “excess parachute payments” if they are contingent upon a change in control. These amounts are referred to as “excess parachute payments.” Individuals receiving excess parachute payments are subject to a 20% excise tax on the amount of the payment in excess of the base amount, and we would not be entitled to a federal income tax deduction for any amount above the base amount. For purposes of Section 280G, an individual’s “base amount” generally equals his average annual taxable compensation for the five taxable years preceding the year in which the change in control occurs. The agreements allow, but do not require, the executives to reduce their change in control payments to the extent necessary to ensure that they will not receive “excess parachute payments,” which otherwise would result in the imposition of an excise tax and loss of the tax deduction.


Upon a change of control before the complete scheduled repayment of the ESOP loan, the First Savings Bank, F.S.B. Supplemental Executive Retirement Plansupplemental executive retirement plan provides the executives with a benefit equal to whatthe benefit the individual would have received under the ESOP had he remained employed throughout the term of the ESOP loan less the benefits actually provided under the ESOP. An individual’s benefit under the supplemental executive retirement plan, including previously credited amounts, generally becomes payable upon the participant’s separation from service.


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OTHER INFORMATION RELATING TO

DIRECTORS AND EXECUTIVE OFFICERS


Section 16(a) Beneficial Ownership Reporting Compliance


Section 16(a) of the Securities Exchange Act of 1934 requires the Company’s executive officers and directors, and persons who own more than 10% of any registered class of the Company’s equity securities, to file reports of ownership and changes in ownership with the Securities and Exchange Commission. These individuals are required by regulation to furnish the Company with copies of all Section 16(a) reports they file.


Based solely on its review of the copies of the reports it has received and written representations provided to it from the individuals required to file the reports, the Company believes that each of its executive officers and directors has complied with applicable reporting requirements for transactions in the Company’s common stock during the fiscal year ended September 30, 2010.


2013, except for one late Form 4 with respect to two tax withholding transactions filed by Mr. Lawson; two late Forms 4 with respect to two tax withholding and three sale transactions filed by Mr. Myers; and one late Form 4 with respect to two tax withholding transactions filed by Mr. Schoen.

Transactions with Related Persons


Loans and Extensions of Credit.The Sarbanes-Oxley Act of 2002 generally prohibits First Savings Financial Group from lending to its executive officers and directors. However, the Sarbanes-Oxley Act contains a specific exemption from such prohibition for loans made by the Bank to its executive officers and directors in compliance with federal banking regulations. Federal regulations require that all loans or extensions of credit to executive officers and directors of insured institutions must be made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and must not involve more than the normal risk of repayment or present other unfavorable features. The Bank, therefore, is prohibited from making any new loans or extensions of credit to executive officers and directors at different rates or terms than those offered to the general public. Notwithstanding this rule, federal regulations permit the Bank to make loans to executive officers and directors at reduced interest rates if the loan is made under a benefit program generally available to all other employees and does not give preference to any executive officer or director over any other employee. The Bank does not sponsor such a program.


According to the Company’s Audit Committee Charter, the Audit Committee periodically reviews, no less frequently than quarterly, a summary of the Company’s transactions with directors and executive officers of the Company and with firms that employ directors, as well as any other related person transactions, for the purpose of recommending to the disinterested members of the Board of Directors that the transactions are fair, reasonable and within Company policy and should be ratified and approved. Also, in accordance with banking regulations and Company policy, the Board of Directors reviews all loans made to a director or executive officer in an amount that, when aggregated with the amount of all other loans to such person and his or her related interests, exceed the greater of $25,000 or 5% of the Company’s capital and surplus (up to a maximum of $500,000) and such loan must be approved in advance by a majority of the disinterested members of the Board of Directors. Additionally, pursuant to the Company’s Code of Ethics and Business Conduct, all executive officers and directors of the Company must disclose any existing or potential conflicts of interest to the President and Chief Executive Officer of the Company. Such potential conflicts of interest include, but are not limited to, the following: (1) the Company conducting business with or competing against an organization in which a family member of an executive officer or director has an ownership or employment interest and (2) the ownership of more than 1% of the outstanding securities or 5% of total assets of any business entity that does business with or is in competition with the Company.

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The aggregate outstanding balance of loans extended by the Bank to its executive officers, employees and directors and related parties was $6.4$5.9 million at September 30, 2010.2013. These loans were performing according to their original terms at September 30, 2010.2013. In addition, these loans were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to First Savingsthe Bank, and did not involve more than the normal risk of collectibility or present other unfavorable features when made.


Other Transactions.Since October 1, 2009,2013, there have been no transactions and there are no currently proposed transactions in which the Company or the Bank were or are to be a participant and the amount involved exceeds $120,000, and in which any of the Company’s executive officers and directors had or will have a direct or indirect material interest.


SUBMISSION OF BUSINESS PROPOSALS AND SHAREHOLDER NOMINATIONS


The Company must receive proposals that shareholders seek to include in the proxy statement for the Company’s next annual meeting no later than September 12, 2011.8, 2013. If next year’s annual meeting is held on a date that is more than 30 calendar days from February 15, 2012,11, 2015, a shareholder proposal must be received by a reasonable time before the Company begins to print and mail its proxy solicitation materials for such annual meeting. Any shareholder proposals will be subject to the requirements of the proxy rules adopted by the Securities and Exchange Commission.


The Company’s Bylaws provide that, in order for a shareholder to make nominations for the election of directors or proposals for business to be brought before the annual meeting, a shareholder must deliver notice of such nomination and/or proposals to the Company’s Secretary not less than 60 days nor more than 90 days before the date of the annual meeting. However, if less than 71 days’ notice or prior public disclosure of the annual meeting is given to shareholders, such notice must be delivered not later than the close of the tenth day following the day on which notice of the annual meeting was mailed to shareholders or public disclosure of the meeting date was made. A copy of the Bylaws may be obtained from the Company.


SHAREHOLDER COMMUNICATIONS


The Company encourages shareholder communications to the Board of Directors and/or individual directors. All communications from shareholders should be addressed to First Savings Financial Group, Inc., 501 East Lewis & Clark Parkway, Clarksville, Indiana 47129. Communications to the Board of Directors should be sent to the attention of M. Sue Johnson,John P. Lawson, Jr., Corporate Secretary. Communications to individual directors should be sent to such director at the Company’s address. Shareholders who wish to communicate with a committee of the Board of Directors should send their communications to the attention of the Chairman of the particular committee, with a copy to Cecile A. Blau, the Chairman of the Nominating/Corporate Governance Committee. It is in the discretion of the Nominating/Corporate Governance Committee as to whether a communication sent to the full Board should be brought before the full Board.

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MISCELLANEOUS


The Company will pay the cost of this proxy solicitation. The Company will reimburse brokerage firms and other custodians, nominees and fiduciaries for reasonable expenses incurred by them in sending proxy materials to the beneficial owners of the Company. Additionally, directors, officers and other employees of the Company may solicit proxies personally or by telephone. None of these persons will receive additional compensation for these activities.


The Company’s Annual Report on Form 10-K has been included with this proxy statement. Any shareholder who has not received a copy of the Annual Report on Form 10-K may obtain a copy by writing to the Corporate Secretary of the Company. The Annual Report is not to be treated as part of the proxy solicitation material or as having been incorporated by reference into this proxy statement.


If you and others who share your address own your shares in “street name,” your broker or other holder of record may be sending only one annual report and proxy statement to your address. This practice, known as “householding,” is designed to reduce our printing and postage costs. However, if a shareholder residing at such an address wishes to receive a separate annual report or proxy statement in the future, he or she should contact the broker or other holder of record. If you own your shares in “street name” and are receiving multiple copies of our annual report and proxy statement, you can request householding by contacting your broker or other holder of record.


Whether or not you plan to attend the annual meeting, please vote by marking, signing, dating and promptly returning the enclosed proxy card in the enclosed envelope.


envelope, or by voting via the Internet or by telephone.

 By Order of the Board of Directors,
  
  
 John P. Lawson, Jr.
 Corporate Secretary

Clarksville, Indiana

January 10, 2011

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Dear ESOP Participant:
On behalf of the Board of Directors of First Savings Financial Group, Inc. (the “Company”), I am forwarding you the enclosed blue vote authorization form for you to convey your voting instructions to First Bankers Trust Services, Inc. (the “Trustee”) on the proposals to be presented at the Company’s Annual Meeting of Shareholders to be held on February 15, 2011.  Also enclosed is a Notice and Proxy Statement for the Annual Meeting of Shareholders and a copy of the Company’s Annual Report to Shareholders.
As a participant in the First Savings Bank, F.S.B. Employee Stock Ownership Plan (the “ESOP”), you are entitled to vote all shares of Company common stock allocated to your account as of December 31, 2010, the record date for the Annual Meeting.  All allocated shares of the Company’s common stock will be voted by the Trustee as directed by participants, so long as participant instructions are received by the Trustee by February 8, 2011.  If you do not direct the Trustee how to vote the shares of the Company’s common stock allocated to your ESOP account, the Trustee will vote your shares in the same proportion as shares for which the Trustee has received voting instructions from other participants, subject to its fiduciary duties.
Please complete, sign and date the enclosed blue vote authorization form and return it in the postage-paid envelope provided.  Your vote will not be revealed, directly or indirectly, to any employee or director of the Company or First Savings Bank, F.S.B.
If you participate in several employer-sponsored stock based benefit plans, you will receive multiple vote authorization forms.  Please submit all the vote authorization forms you receive.
6, 2014

 

Sincerely,
 
Larry W. Myers
President and Chief Executive Officer


VOTE AUTHORIZATION FORM

I understand that First Bankers Trust Services, Inc. (the “Trustee”) is the holder of record and trustee of all shares of First Savings Financial Group, Inc. (the “Company”) common stock under the First Savings Bank, F.S.B. Employee Stock Ownership Plan.  I understand that my voting instructions are solicited on behalf of the Company’s Board of Directors for the Annual Meeting of Shareholders to be held on February 15, 2011.

You are authorized to vote my shares as follows:

1.The election as directors of all nominees listed (unless the “For All Except” box is marked and the instructions below are complied with).
Michael F. LuddenLarry W. MyersVaughn K. Timberlake
FOR ALL
FORWITHHOLDEXCEPT
 o
oo
INSTRUCTION:  To withhold your vote for any individual nominee, mark “FOR ALL EXCEPT” and write that nominee’s name on the line provided below.
2.The ratification of the appointment of Monroe Shine & Co., Inc. as the independent registered public accounting firm of First Savings Financial Group, Inc. for the fiscal year ending September 30, 2011.
FORAGAINSTABSTAIN
ooo
3.The approval of a non-binding resolution to approve the compensation of the named executive officers.
FORAGAINSTABSTAIN
oo
o
4.The determination of whether the shareholder vote to approve the compensation of the named executive officers should occur every one, two or three years.
ONE YEARTWO YEARSTHREE YEARSABSTAIN
oooo
THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH OF PROPOSALS 1, 2 AND 3 AND A “ONE YEAR” VOTE FOR PROPOSAL 4.

NOTE: SHAREHOLDERS ARE NOT VOTING TO APPROVE OR DISAPPROVE THE BOARD OF DIRECTORS’ RECOMMENDATION ON PROPOSAL 4.
The Trustee is hereby authorized to vote all shares of Company common stock allocated to me in its trust capacity as indicated above.
 
DateSignature

Please date, sign and return this form in the enclosed postage-paid envelope no later than February  8, 2011.

Dear 401(k) Plan Participant:
On behalf of the Board of Directors of First Savings Financial Group, Inc. (the “Company”), I am forwarding you the enclosed green vote authorization form for you to convey your voting instructions to Reliance Trust Company (the “Trustee”), of the First Savings Financial Group Stock Fund (the “Stock Fund”) of the First Savings Bank Profit Sharing/401(k) Plan (the “401(k) Plan”), on the proposals to be presented at the Company’s Annual Meeting of Shareholders to be held on February 15, 2011.  Also enclosed is a Notice and Proxy Statement for the Annual Meeting of Shareholders and a copy of the Company’s Annual Report to Shareholders.
As a holder of the Company’s common stock through the Stock Fund, you are entitled to direct the Trustee how to vote the shares of common stock credited to your account as of December 31, 2010, the record date for the Annual Meeting.  If the Trustee does not receive your instructions by February 8, 2011, the Company will direct the Trustee to vote your shares in the same proportion as shares for which the Trustee has received voting instructions from other 401(k) Plan participants invested in the Stock Fund.
Please complete, sign and date the enclosed green vote authorization form and return it in the postage-paid envelope provided.  Your vote will not be revealed, directly or indirectly, to any employee or director of the Company or First Savings Bank, F.S.B.
If you participate in several employer-sponsored stock based benefit plans, you will receive multiple voting instruction cards.  Please submit all the voting instruction cards you receive.

 

Sincerely,
 
Larry W. Myers
President and Chief Executive Officer

VOTE AUTHORIZATION FORM

I understand that Reliance Trust Company (the “Trustee”) is the holders of record and trustee of all shares of First Savings Financial Group, Inc. (the “Company”) common stock credited to me under the First Saving Bank Profit Sharing/401(k) Plan (the “401(k) Plan”).  I understand that my voting instructions are solicited on behalf of the Company’s Board of Directors for the Annual Meeting of Shareholders to be held on February 15, 2011.

You are authorized to vote my shares as follows:

1.The election as directors of all nominees listed (unless the “For All Except” box is marked and the instructions below are complied with).
Michael F. LuddenLarry W. MyersVaughn K. Timberlake
FOR ALL
FORWITHHOLDEXCEPT
 o
oo
INSTRUCTION:  To withhold your vote for any individual nominee, mark “FOR ALL EXCEPT” and write that nominee’s name on the line provided below.

2.The ratification of the appointment of Monroe Shine & Co., Inc. as the independent registered public accounting firm of First Savings Financial Group, Inc. for the fiscal year ending September 30, 2011.
FORAGAINSTABSTAIN
ooo
3.The approval of a non-binding resolution to approve the compensation of the named executive officers.
FORAGAINSTABSTAIN
ooo
4.The determination of whether the shareholder vote to approve the compensation of the named executive officers should occur every one, two or three years.
ONE YEARTWO YEARSTHREE YEARSABSTAIN
oooo
THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH OF PROPOSALS 1, 2 AND 3 AND A “ONE YEAR” VOTE FOR PROPOSAL 4.

NOTE: SHAREHOLDERS ARE NOT VOTING TO APPROVE OR DISAPPROVE THE BOARD OF DIRECTORS’ RECOMMENDATION ON PROPOSAL 4.

The Trustee is hereby authorized to vote all shares of Company common stock allocated to me in its trust capacity as indicated above.
 
DateSignature

Please date, sign and return this form in the enclosed postage-paid envelope no later than February  8, 2011.

Dear Stock Award Recipient:

On behalf of the Board of Directors of  First Savings Financial Group, Inc. (the “Company”), I am forwarding you the enclosed yellow vote authorization form for you to convey your voting instructions to First Bankers Trust Services, Inc. (the “Incentive Plan Trustee”) on the proposals to be presented at the Company’s Annual Meeting of Shareholders to be held on February 15, 2011.  Also enclosed is a Notice and Proxy Statement for the Annual Meeting of Shareholders and a copy of the Company’s Annual Report to Shareholders.

You are entitled to vote all unvested shares of restricted Company common stock awarded to you under the First Savings Financial Group, Inc. Equity Incentive Plan (the “Incentive Plan”) that are unvested as of December 31, 2010.  The Incentive Plan Trustee will vote these shares of Company common stock held in the Incentive Plan Trust in accordance with instructions it receives from you and other Stock Award Recipients.

To direct the voting of the unvested shares of Company common stock awarded to you under the Incentive Plan, you must complete and sign the attached yellow vote authorization form and return it in the enclosed postage-paid envelope no later than February 8, 2011.

If you participate in several stock-based benefit plans, you will receive multiple vote authorization forms, please submit all the forms you receive.

 

Sincerely,
 
Larry W. Myers
President and Chief Executive Officer

VOTE AUTHORIZATION FORM

I understand that First Bankers Trust Services, Inc. (the “Trustee”) is the holder of record and trustee of all unvested shares of First Savings Financial Group, Inc. (the “Company”) common stock held in trust under the First Savings Financial Group, Inc. Equity Incentive Plan.  I understand that my voting instructions are solicited on behalf of the Company’s Board of Directors for the Annual Meeting of Shareholders to be held on February 15, 2011.

You are authorized to vote my shares as follows:

1.The election as directors of all nominees listed (unless the “For All Except” box is marked and the instructions below are complied with).
Michael F. LuddenLarry W. MyersVaughn K. Timberlake
FOR ALL
FORWITHHOLDEXCEPT
 o
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INSTRUCTION:  To withhold your vote for any individual nominee, mark “FOR ALL EXCEPT” and write that nominee’s name on the line provided below.
2.The ratification of the appointment of Monroe Shine & Co., Inc. as the independent registered public accounting firm of First Savings Financial Group, Inc. for the fiscal year ending September 30, 2011.
FORAGAINSTABSTAIN
ooo
3.The approval of a non-binding resolution to approve the compensation of the named executive officers.
FORAGAINSTABSTAIN
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4.The determination of whether the shareholder vote to approve the compensation of the named executive officers should occur every one, two or three years.
ONE YEARTWO YEARSTHREE YEARSABSTAIN
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THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH OF PROPOSALS 1, 2 AND 3 AND A “ONE YEAR” VOTE FOR PROPOSAL 4.

NOTE: SHAREHOLDERS ARE NOT VOTING TO APPROVE OR DISAPPROVE THE BOARD OF DIRECTORS’ RECOMMENDATION ON PROPOSAL 4.

The Trustee is hereby authorized to vote all unvested shares of Company common stock awarded to me under the Equity Incentive Plan in its trust capacity as indicated above.
 

 

 
DateSignature

 

Please date, sign and return this form in the enclosed postage-paid envelope no later than February  8, 2011.