Waterstone Financial, Inc 8-K, filed Feb 10, 2021
Waterstone Financial, Inc. (WSBF)
8-K
2021-02-10
For: 2021-02-08
View Original
Added on
April 12, 2026
About this 8-K
Waterstone Financial, Inc filed this 8-K on February 10, 2021, reporting on events of February 8, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
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): February 8, 2021
(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)
(414 ) 761-1000
Registrant's telephone number, including area code
Not Applicable
(Former Name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol
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Name of each exchange on which registered
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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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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
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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 and Exchange Act of 1934 (§240.12b-2 of this chapter).
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Emerging growth company
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☐
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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.
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| Item 5.02 | Departure of Directors or Certain officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On February 8, 2021, the Board of Directors of Waterstone Financial, Inc. (the
"Company") elected Derek L. Tyus to serve on the Board of Directors of the Company. Mr. Tyus was also elected to serve on the Board of Directors of the Company's subsidiary bank, WaterStone Bank SSB. Mr. Tyus has been added to the
Company's audit, compensation and executive committees.
Mr. Tyus has been added to the class of directors whose terms expire at the
2023 annual meeting of stockholders.
Item 9.01. Financial Statements and Exhibits.
Not applicable.
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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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Waterstone Financial, Inc.
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Date: February 10, 2021
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/s/ William F. Bruss
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Name: William F. Bruss
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Title: Chief Operating Officer
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WATERSTONE FINANCIAL, INC.
WATERSTONE BANK
11200 W. PLANK CT.
WAUWATOSA, WI 53226
Contact: Amy Kutka
Community Relations Coordinator
414-459-4183
amykutka@wsbonline.com
Community Relations Coordinator
414-459-4183
amykutka@wsbonline.com
FOR IMMEDIATE RELEASE
Waterstone Financial Announces Election of New Board Member Derek L. Tyus
WAUWATOSA, Wis. – 2/10/2021 – Waterstone Financial, Inc. (NASDAQ: WSBF) announced today that on February 8, 2021, its Board of Directors elected Derek L. Tyus to serve on the Board of Directors.
“We are honored to have Derek join the Board of Directors of WaterStone Bank and Waterstone Financial and
help guide our organization. Derek has vast experience in the financial markets, including extensive knowledge in the underwriting of commercial real estate, Waterstone’s largest asset category,” said Doug Gordon, President/CEO of WaterStone Bank.
“He is also very active in numerous non-profits in our local community. Derek will be a great asset to Waterstone’s future.”
Tyus currently serves as vice president and chief investment officer of West Bend Mutual Insurance Company.
He has been with West Bend since 2016. Before joining West Bend, Derek was a director for Northwestern Mutual Wealth Management Company in Milwaukee, Wisconsin. He has been in the insurance industry for 22 years, holding investment positions in
private debt and equity, real estate, wealth management as well as strategy and administration.
Derek is a graduate of Marquette University and received his MBA from the Ross School of Business at the
University of Michigan. Derek is currently a member of the CFA Institute and the CFA Society of Milwaukee. He serves on the board of various organizations, including the Greater Milwaukee Foundation, Zoological Society of Milwaukee and Siebert
Lutheran Foundation.
“I am looking forward to helping Waterstone grow and prosper. Their financial results reflect a strong
management team with a proven organizational culture. I am impressed with their commitment to diversity and their dedication to giving back to the communities they serve,” said Derek Tyus. “My work history, education and experience fit well to align
with a publicly traded financial institution.”
“We continue to expand the talent of our Board of Directors to provide enhanced oversight and direction to
Waterstone,” said Pat Lawton, Chairman of Waterstone’s Board of Directors. “We are excited to add Derek’s talents and integrity to the Waterstone family. Derek’s experience is a great complement to the existing Board.”
About Waterstone Financial, Inc.
Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank. WaterStone Bank was
established in 1921 and offers a full suite of personal and business banking products. The Bank has branches in Wauwatosa/State St, Brookfield, Fox Point/North Shore, Franklin/Hales Corners, Germantown/Menomonee Falls, Greenfield/Loomis Rd,
Milwaukee/Oklahoma Ave, Oak Creek/27th St, Oak Creek/Howell Ave, Oconomowoc/Lake Country, Pewaukee, Waukesha, West Allis/Greenfield Ave, and West Allis/National Ave, Wisconsin. WaterStone Bank is the parent company to Waterstone Mortgage, which has the ability to lend in 48 states. For more information about WaterStone Bank, go to http://www.wsbonline.com.
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