Item 1.01 Entry into a Material Definitive Agreement.

On June 11, 2009, MMA Financial, Inc., a wholly owned subsidiary of the registrant, and David Kay, the registrant's Chief Financial Officer executed an amended employment agreement. The amended employment agreement changes the period of time for payment of Mr. Kay's 2006 10-K completion bonus from a lump sum payment to monthly payments during the period from May 1, 2009 through December 31, 2009. The amended employment agreement also replaces the 2007 Form 10-K completion bonus, under which Mr. Kay would have received 1.34 times his base compensation then in effect upon the filing of the registrant's 2007 Form 10-K, with a bonus in the amount of 0.66 times Mr. Kay's current base compensation, payable monthly during the period from October 1, 2009 through March 15, 2010. The amended employment agreement also reduces the severance payable to Mr. Kay in the event of a Termination Without Cause by the registrant, from 24 months of Mr. Kay's base compensation, to 12 months of Mr. Kay's base compensation.

In addition, on June 11, 2009, the registrant, and Mr. Kay executed an amended deferred compensation agreement under which the deferred cash that vested on February 28, 2009, will be paid ratably during the period from March 1, 2009 through December 31, 2009.

All other provisions of the employment agreement and deferred compensation agreement remain unchanged.

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

See disclosure under Item 1.01 of this Report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Amended Employment Agreement between David Kay and the Registrant
10.2 Amended Deferred Compensation Agreement between David Kay and the Registrant

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