FSBW 8-K
FS Bancorp, Inc. (FSBW)
8-K
2025-04-01
For: 2025-04-01
View Original
Added on
April 10, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 1, 2025
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (425 ) 771-5299
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions.
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in
Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
(c) Appointment of Executive Officer
On April 1, 2025, FS Bancorp, Inc. (“Company”) (NASDAQ: FSBW), the holding company for 1st Security Bank of Washington (“1st Security
Bank” or “Bank”) announced that it has named Phillip Whittington as Chief Financial Officer of both the Bank and the Company effective May 1, 2025. Mr. Whittington had previously served as
the Controller at both the Bank and the Company since January 2020. Matthew D. Mullet the former Chief Financial Officer and President will continue to serve as President for both the Company and the Bank.
For further information concerning Mr. Whittington’s background, reference is made to the press release dated April 1, 2025, which is
attached hereto as Exhibit 99.1 and incorporated herein by reference.
There are no family relationships between Mr. Whittington and any director or other executive officer of the Company. Mr. Whittington
has not engaged in any transaction with the Company or the Bank that would be reportable as a related party transaction under the rules of the Securities and Exchange Commission.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits
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Exhibit No.
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Description
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
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Date: April 1, 2025
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FS BANCORP, INC.
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/s/ Matthew D. Mullet
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Matthew D. Mullet
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President and Chief Financial Officer
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Exhibit 99.1
FS Bancorp, Inc. and 1st Security Bank Announce the Promotion of
Phillip Whittington to Chief Financial Officer
Mountlake Terrace, WA, April 1,
2025 – FS Bancorp, Inc. (“Company”) (NASDAQ: FSBW), the holding company for 1st Security Bank of Washington (“1st Security Bank” or “Bank”) announced today that it has named Phillip Whittington as Chief Financial Officer of both the Bank and the Company effective May 1, 2025. Matthew D. Mullet, who previously served as Chief Financial Officer and President will continue to serve
as the President for both the Company and the Bank.
“We are delighted to announce Phil’s promotion to Chief Financial Officer,” said Joe Adams the Bank’s CEO. “I am confident his
knowledge of the Bank’s accounting, treasury management and financial reporting requirements makes him the ideal person for this position.”
Phillip Whittington has served as the Controller of the Bank since January 2020. Prior to joining 1st
Security Bank, he was as a manager at the accounting firm of Elliott Davis located in Columbia, South Carolina. Mr. Whittington, a Certified Public Accountant, received his Bachelor of Science in Accounting from the College of Charleston and his
Master of Accountancy from the University of South Carolina.
About 1st Security Bank of Washington
1st Security Bank offers a range of loan and deposit services primarily to small- and middle-market
businesses and individuals in Washington and Oregon. It operates through twenty-seven Bank branches, and one headquarters office that provide loan and deposit services, and loan production offices in various suburban communities in the greater Puget
Sound area, the Kennewick-Pasco-Richland metropolitan area of Washington, also known as the Tri-Cities, and in Vancouver, Washington. Additionally, the Bank services home mortgage customers throughout the Northwest predominantly in Washington State
including Puget Sound, Tri-Cities and Vancouver.
Note Regarding Forward Looking Statements
This press release includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "expected," "anticipate", "continue," or other comparable words. In addition, all statements other than statements of historical facts that address
activities that 1st Security expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the Securities and Exchange Commission reports of FS Bancorp, particularly its Annual Report on Form
10-K for the fiscal year ended December 31, 2024, for meaningful cautionary language discussing why actual results may vary materially from those anticipated by management.
Contacts:
Joseph C. Adams
Chief Executive Officer
Matthew D. Mullet
President and Chief Financial Officer
(425) 771-5299
www.FSBWA.com