EWSB Bancorp Files 8-K for Material Agreement

TL;DR

EWSB Bancorp filed an 8-K on 6/28 for a material agreement. Check it out.

AI Summary

EWSB Bancorp, Inc. filed an 8-K on June 28, 2024, reporting a material definitive agreement and financial statements. The company, incorporated in Maryland with its principal executive offices in Kaukauna, Wisconsin, operates in the savings institutions sector.

Why It Matters

This filing indicates a significant event for EWSB Bancorp, Inc., potentially impacting its operations and financial standing. Investors should review the details of the material definitive agreement.

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting a material definitive agreement and financial statements, with no immediate indication of significant financial distress or unusual events.

Key Players & Entities

• EWSB Bancorp, Inc. (company) — Registrant
• Maryland (jurisdiction) — State of Incorporation
• Kaukauna, Wisconsin (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $25,000 — Trust has received a management fee of $25,000 and will receive at the closing of the
• $250,000 — success fee equal to the greater of (i) $250,000 or (ii) 1.0% of the aggregate purchase
• $25,000 m — ly or through a personal trust) , . The $25,000 management fee will be credited against t
• $100,000 — t-of-pocket expenses up to a maximum of $100,000 for legal fees and expenses and $10,000
• $10,000 — 100,000 for legal fees and expenses and $10,000 for all other out-of-pocket expenses (w
• $20,000 — ket expenses (which may be increased to $20,000 in the event of re-solicitation of subs
• $30,000 — Performance Trust will receive a fee of $30,000 for its services as records agent and s

Filing Documents

• tm2418551d1_8k.htm (8-K) — 24KB
• tm2418551d1_ex1-1.htm (EX-1.1) — 244KB
• 0001104659-24-076391.txt ( ) — 269KB

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement On June 28, 2024, EWSB Bancorp, Inc. (“EWSB Bancorp”), a Maryland corporation and the proposed stock holding company for East Wisconsin Savings Bank (the “Bank”), EWSB Bancorp, Inc., a Wisconsin corporation and the current mid-tier holding company of the Bank, Wisconsin Mutual Bancorp, MHC (the “MHC”), a Wisconsin mutual holding company and the current mutual holding company of the Bank, and the Bank entered into an Agency Agreement with Performance Trust Capital Partners, LLC (“Performance Trust”). Performance Trust will assist in the marketing of EWSB Bancorp’s common stock during EWSB Bancorp’s stock offering in connection with the MHC’s pending conversion from a mutual to stock form. Performance Trust will serve as the sole manager in the event a syndicated community offering is conducted. For its marketing agent services in the subscription and community offerings, Performance Trust has received a management fee of $25,000 and will receive at the closing of the stock offering a success fee equal to the greater of (i) $250,000 or (ii) 1.0% of the aggregate purchase price of the shares of EWSB Bancorp’s common stock sold in the subscription and community offerings, excluding shares purchased by or on behalf of: (A) any employee benefit plan or trust of EWSB Bancorp or the Bank established for the benefit of its directors, officers and employees; and (B) any director, officer or employee of EWSB Bancorp or the Bank or members of their immediate families (whether directly or through a personal trust) , . The $25,000 management fee will be credited against the success fee paid at closing. If EWSB Bancorp conducts a syndicated community offering, EWSB Bancorp will pay a fee of 5.0% of the aggregate dollar amount of common stock sold in the syndicated community offering. Performance Trust also will be reimbursed for its reasonable out-of-poc

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Description 1.1 Agency Agreement dated June 28, 2024, by and among EWSB Bancorp, Inc., EWSB Bancorp, Inc., Wisconsin Mutual Bancorp, MHC, East Wisconsin Savings Bank and Performance Trust Capital Partners, LLC (exhibit omitted)

SIGNATURES

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. EWSB BANCORP, INC. DATE: June 28, 2024 By: /s/ Charles D. Schmalz Charles D. Schmalz President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR