FS Bancorp, Inc 8-K, filed Feb 1, 2021
FS Bancorp, Inc. (FSBW)
8-K
2021-02-01
For: 2021-01-28
View Original
Added on
April 10, 2026
About this 8-K
FS Bancorp, Inc filed this 8-K on February 1, 2021, reporting on events of January 28, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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): January 28, 2021
(Exact name of registrant as specified in its charter)
|
|
|
|
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(I.R.S. Employer
Identification No.)
|
|
|
|
|
|
|
|
(Address of principal executive offices)
|
(Zip Code)
|
Registrant’s telephone number, including area code: (425 ) 771-5299
|
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.
|
|
|
|
|
|
|
|
|
Securities registered pursuant to Section 12(b) of the Act:
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
||
|
|
|
|
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
(d) Appointment of New Director
On January 28, 2021, FS Bancorp, Inc. (the “Company”), and its financial institution subsidiary, 1st Security Bank of Washington
(the “Bank”), announced that their Boards of Directors had appointed Ms. Pamela Andrews to their respective Boards of Directors effective January 28, 2021. The appointment of Ms. Andrews as a Director of the Company and the Bank was at the
recommendation of the Company’s Nominating and Environmental, Social, Governance (ESG) Committee. Ms. Andrews has been appointed to serve on the Company’s Nominating & ESG Committee and the Bank’s Asset Quality Committee. For further information
concerning Ms. Andrews’ background, reference is made to the press release dated February 1, 2021, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
There are no family relationships between Ms. Andrews and any director or other executive officer of the Company and the Bank and
Ms. Andrews was not appointed as a director pursuant to any arrangement or understanding with any person. Ms. Andrews 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, except that one of Ms. Andrews’ related businesses has an outstanding credit line with the Bank. The credit line was made in the ordinary course of business, on substantially the same terms, including
interest rate and collateral, as those prevailing at the time for comparable transactions with persons not affiliated with the Bank, and do not involve more than the normal risk of collectability or present other unfavorable features.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
|
Date: January 28, 2021
|
FS BANCORP, INC.
|
| /s/ Matthew D. Mullet | |
|
Matthew D. Mullet
|
|
|
Chief Financial Officer
|
|
|
(Principal Financial and Accounting Officer)
|
Exhibit 99.1
FS Bancorp, Inc. Appoints Pamela M. Andrews to Board of Directors
MOUNTLAKE TERRACE, WA – February 1, 2021 – FS Bancorp, Inc.
(NASDAQ:FSBW) (the “Company”), the holding company for 1st Security Bank of Washington (the “Bank”), today announced that Pamela M. Andrews has been appointed to the Board of Directors of the Company and the
Bank.
The Company’s Nominating & ESG Committee proposed, and the Board of Directors ratified and approved, the
appointment of Ms. Andrews to the Board of Directors. Her appointment to the Board of Directors was effective January 28, 2021.
“We are pleased to welcome Pam to our Board of Directors,” said Joe Adams, Chief Executive Officer. “Her
expansive business background coupled with her knowledge of legal, litigation and insurance matters will add valuable skills to the Board.”
Ms. Andrews is the President of the law firm of Andrews Skinner, P.S. in Seattle, Washington. She received
her Bachelor of Science degree from the University of Wisconsin Oshkosh and her Juris Doctorate from the University of Wisconsin in Madison.
About FS Bancorp
FS Bancorp, Inc., a Washington corporation, is the holding company for 1st Security Bank of Washington. The Bank provides loan and deposit
services to customers who are predominantly small- and middle-market businesses and individuals in Western Washington through its 21 Bank branches, one
headquarter office that accepts deposits, and seven loan production offices in various suburban communities in the greater Puget Sound area, and one loan production office in the market area of the Tri-Cities, Washington. The Bank services home
mortgage customers throughout Washington State with an emphasis in the Puget Sound and Tri-Cities home lending markets.
Forward Looking Statements:
When used in this press release and in other documents filed with or furnished to the
Securities and Exchange Commission (the “SEC”), in press releases or other public stockholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases “believe,” “will,” “will likely
result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are not historical facts but instead represent management's current expectations and forecasts regarding future events many of which are inherently uncertain and outside of our control. Actual results may differ,
possibly materially from those currently expected or projected in these forward-looking statements. Factors that could cause our actual results to differ materially from those described in the forward-looking statements, include, but are not limited
to, the following: increased competitive pressures; changes in the interest rate environment; changes in general economic conditions and conditions within the securities markets; legislative and regulatory changes; and other factors described in the
Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission – that are available on our website at www.fsbwa.com
and on the SEC's website at www.sec.gov.
Any of the forward-looking statements that we make in this Press Release and in the
other public statements are based upon management's beliefs and assumptions at the time they are made and may turn out to be wrong because of the inaccurate
assumptions we might make, because of the factors illustrated above or because of other
factors that we cannot foresee. Therefore, these factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. We do not undertake and specifically disclaim any obligation to
revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. These risks could cause our actual results for 2020 and beyond to differ materially from those
expressed in any forward-looking statements made by, or on behalf of, us and could negatively affect our operating and stock performance.
|
Contacts:
|
|
|
Joseph C. Adams,
|
|
|
Chief Executive Officer
|
|
|
Matthew D. Mullet,
|
|
|
Chief Financial Officer
|
|
|
(425) 771-5299
|
|
|
www.FSBWA.com
|