8-K

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):	July 8, 2025

Waterstone Financial, Inc.

(Exact name of registrant as specified in its charter)

Maryland	001-36271	90-1026709
(State or other jurisdiction of<br> incorporation)	(Commission File<br> Number)	(I.R.S. Employer Identification No.)

11200 W Plank Ct, Wauwatosa, Wisconsin 53226

(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:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $0.01 Par Value	WSBF	The NASDAQ Stock Market, LLC

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:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities and Exchange Act of 1934.

☐	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.
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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 July 8, 2025, the Board of Directors of Waterstone Financial, Inc. (the "Company") elected Molly Mulroy and Laura Piotrowski to serve on the Board of Directors of the Company.  Ms. Mulroy and Ms. Piotrowski were also elected to serve on the Board of Directors of the Company's subsidiary bank, WaterStone Bank SSB.

Ms. Mulroy has been added to the Company's Audit and Nominating & Governance committees and will serve a term that expires at the 2026 annual meeting of stockholders.

Ms. Piotrowski has been added to the Company's Audit, Executive and Nominating & Governance committees and will serve a term that expires at the 2028 annual meeting of stockholders.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Description
99.1	Press release of Waterstone Financial, Inc. issued July 9, 2025.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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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.

	Waterstone Financial, Inc.
Date: July 9, 2025	/s/ William F. Bruss
	Name:    William F. Bruss
	Title:    Chief Executive Officer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release of Waterstone Financial, Inc. issued July 9, 2025
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

ex_786703.htm

Exhibit 99.1

WATERSTONE FINANCIAL, INC.

WATERSTONE BANK

11200 W. PLANK CT.

WAUWATOSA, WI 53226

Contact:

Mark R. Gerke

Chief Financial Officer

414.459.4012

markgerke@wsbonline.com

FOR IMMEDIATE RELEASE

Waterstone Financial Announces Election of New Board Members

Wauwatosa, Wis. — July 9, 2025  —  **** Waterstone Financial, Inc. (NASDAQ: WSBF) announced today that its Board of Directors has elected Molly Mulroy and Laura Piotrowski to serve on the Board of Directors of both WaterStone Bank and Waterstone Financial, effective July 22, 2025.

“We are honored to have Molly and Laura join the Board of Directors of WaterStone Bank and Waterstone Financial and help guide our organization,” said Pat Lawton, Chair of the Board. “Each brings a wealth of experience, proven strategic leadership skills, and a shared commitment to delivering value to our customers, employees, shareholders, and the communities we serve. We are excited to welcome their respective talents to the Waterstone family.”

Molly Mulroy currently serves as Executive Vice President and Chief Administrative Officer of WEC Energy Group, one of the nation’s largest electric generation and natural gas delivery holding companies with utility subsidiaries serving 4.7 million customers. Since 2021, she has overseen Administrative Services, Facility Management, Human Resources, IT Services, Supply Chain, IT System Strategy, and Development.

Previously, Mulroy served as Vice President and Chief Information Officer, leading enterprise-wide information technology, including cybersecurity and infrastructure. Since joining WEC Energy Group in 1999, she has held leadership positions in Customer Service, Finance, Wholesale Energy and Fuels, Regulatory Affairs, and State Government Affairs.

She holds a bachelor’s degree from the University of Minnesota and an MBA from the University of Chicago. Mulroy is active in the Milwaukee community and currently serves on the boards of Milwaukee Ballet and Milwaukee Women, Inc., and chairs the boards of Milwaukee Tech Hub and Next Door Foundation.

“I am grateful for the opportunity join the Waterstone Financial Board and excited about the opportunities ahead,” said Mulroy. “I look forward to working with the Board and leadership team to further the company’s mission, value, and impact.”

Laura Piotrowski is the Chief Executive Offer and President of Cavendish Vernal, a strategic advisory firm she founded in 2017. Cavendish Vernal provides strategic business planning, executive advising, succession planning, finance and human resource advising, executive coaching, and leadership development services.

Previously, she was Executive Vice President of The Benefit Companies, where she provided strategic and executional leadership for the organization. Piotrowski has also held senior finance roles, including Chief Financial Officer of Stein’s Garden & Home and Managing Director of Finance for Robert W. Baird & Co.

She earned her bachelor’s degree from the University of Wisconsin-Milwaukee and an Executive MBA from Marquette University. She is a Certified Public Accountant (CPA) and a SHRM Senior Certified Professional (SHRM-SCP). Piotrowski also serves on the board of Ronald McDonald House Charities of Southeastern Wisconsin.

“I am honored to join the WaterStone Board of Directors and excited to contribute to this great organization,” said Piotrowski.  “As a business owner, I understand the critical role community-focused banks play in our community.”

About Waterstone Financial, Inc:

Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank, a community-focused financial institution established in 1921. WaterStone Bank offers a comprehensive suite of personal and business banking products and operates 14 branch locations across southeastern Wisconsin. WaterStone Bank is also the parent company of WaterStone Mortgage Corporation, a national lender licensed in 48 states.

With a long-standing commitment to innovation, integrity, and community service, Waterstone Financial, Inc. supports the financial and homeownership goals of customers nationwide.

For more information about WaterStone Bank, visit wsbonline.com.

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