First Northwest Bancorp Files Definitive Proxy Statement

Ticker: FNWB · Form: DEF 14A · Filed: Apr 19, 2024 · CIK: 1556727

First Northwest Bancorp DEF 14A Filing Summary
FieldDetail
CompanyFirst Northwest Bancorp (FNWB)
Form TypeDEF 14A
Filed DateApr 19, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$600,000, $6 billion, $1 billion
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Shareholder Meeting, Executive Compensation, Regulatory Filing

TL;DR

<b>First Northwest Bancorp has filed its Definitive Proxy Statement for the period ending May 30, 2024.</b>

AI Summary

First Northwest Bancorp (FNWB) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. First Northwest Bancorp filed a Definitive Proxy Statement (DEF 14A) on April 19, 2024. The filing covers the period ending May 30, 2024. The company's fiscal year ends on December 31. First Northwest Bancorp is incorporated in Washington state. The filing fee was not required.

Why It Matters

For investors and stakeholders tracking First Northwest Bancorp, this filing contains several important signals. This DEF 14A filing is a standard regulatory requirement for public companies to provide shareholders with information regarding upcoming meetings and voting matters. Shareholders should review this document to understand proposals, director nominations, and executive compensation before the annual meeting.

Risk Assessment

Risk Level: low — First Northwest Bancorp shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate material changes or urgent issues requiring a higher risk assessment.

Analyst Insight

Review the proxy statement for details on shareholder proposals, director elections, and executive compensation to inform voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did First Northwest Bancorp file this DEF 14A?

First Northwest Bancorp filed this Proxy Statement (DEF 14A) with the SEC on April 19, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by First Northwest Bancorp (FNWB).

Where can I read the original DEF 14A filing from First Northwest Bancorp?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by First Northwest Bancorp.

What are the key takeaways from First Northwest Bancorp's DEF 14A?

First Northwest Bancorp filed this DEF 14A on April 19, 2024. Key takeaways: First Northwest Bancorp filed a Definitive Proxy Statement (DEF 14A) on April 19, 2024.. The filing covers the period ending May 30, 2024.. The company's fiscal year ends on December 31..

Is First Northwest Bancorp a risky investment based on this filing?

Based on this DEF 14A, First Northwest Bancorp presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate material changes or urgent issues requiring a higher risk assessment.

What should investors do after reading First Northwest Bancorp's DEF 14A?

Review the proxy statement for details on shareholder proposals, director elections, and executive compensation to inform voting decisions. The overall sentiment from this filing is neutral.

How does First Northwest Bancorp compare to its industry peers?

First Northwest Bancorp operates within the savings institutions sector, focusing on traditional banking services.

Are there regulatory concerns for First Northwest Bancorp?

The filing is made under the Securities Exchange Act of 1934, requiring public disclosure of corporate governance and shareholder matters.

Industry Context

First Northwest Bancorp operates within the savings institutions sector, focusing on traditional banking services.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public disclosure of corporate governance and shareholder matters.

What Investors Should Do

  1. Review the full DEF 14A filing for detailed information on director nominees and executive compensation.
  2. Understand any shareholder proposals and the company's recommendations for voting.
  3. Note the fiscal year end of December 31 for financial reporting context.

Year-Over-Year Comparison

This is a standard DEF 14A filing and does not appear to be an amendment or a change from a previous filing type.

Filing Stats: 4,622 words · 18 min read · ~15 pages · Grade level 10.9 · Accepted 2024-04-19 10:30:27

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 18 Summary Compensation Table 20 Cash Incentive Compensation 20 Pay Versus Performance 22 Outstanding Equity Awards 23 Retirement Benefits 24 Employment Agreements for Named Executive Officers 25 PPROPOSAL 2 Approval of Second Amended and Restated Articles of Incorporation 27 PROPOSAL 3 Advisory Vote to Approve Executive Compensation 28 AUDIT COMMITTEE REPORT 29 PROPOSAL 4 Ratification of Appointment of Independent Auditor 30 SHAREHOLDER PROPOSALS 31 QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL MEETING 32 DELINQUENT SECTION 16(A) REPORTS 35 MISCELLANEOUS 35 The information provided in this Proxy Statement relates to First Northwest Bancorp and its wholly owned subsidiary, First Fed Bank. First Northwest Bancorp may also be referred to as "First Northwest" and First Fed Bank may also be referred to as "First Fed" or the "Bank." References to "we," "us," and "our" refer to First Northwest and, as the context requires, First Fed. Table of Contents PROXY SUMMARY PROXY SUMMARY This summary highlights information contained elsewhere in this Proxy Statement and does not contain all the information you should consider before casting your vote. Please read this entire Proxy Statement carefully before voting. On or about April 19, 2024, we provided electronic access to our proxy materials and mailed to our shareholders the Notice of Availability of Proxy Materials, which contains instructions on how to access the Proxy Statement and our Annual Report via the Internet and how to vote online. Information About the Annual Meeting DATE Thursday, May 30, 2024 TIME 4:00 p.m. (Pacific Time) LOCATION 201 W. Front Street Port Angeles, Washington 98362 How to Vote BY INTERNET Vote your shares at www.proxydocs.com/FNWB BY PHONE Call toll-free number at 1-866- 256-0967 BY MAIL Mark, sign and date your proxy card in the enclosed envelope MATTERS TO BE

: GENDER IDENTITY

PART I: GENDER IDENTITY FEMALE MALE NON- BINARY DID NOT DISCLOSE GENDER Directors 4 6 0 0

: DEMOGRAPHIC

PART II: DEMOGRAPHIC BACKGROUND African American or Black 0 0 0 0 Alaskan Native or Native American 0 1 0 0 Asian 1 0 0 0 Hispanic or Latinx 0 1 0 0 Native Hawaiian or Pacific Islander 0 0 0 0 White 3 4 0 0 Two or More Races or Ethnicities 0 0 0 0 LGBTQ+ 1 Did Not Disclose Demographic Background 0 7 Table of Contents ELECTION OF DIRECTORS INFORMATION REGARDING NOMINEES FOR ELECTION The following symbols identify individual experience, qualifications, and skills our Nominating and Corporate Governance Committee considered in making its decision to nominate directors to our Board. The fact that a particular attribute was not considered does not mean that the director lacks such an attribute. Corporate Strategy Experience developing and executing long-term strategic plans to encourage innovation and growth. Public Company Past or present board member or executive of another publicly traded company. Financial Industry Financial services or related industry experience and proven knowledge of key customers and/or associated risks. Leadership Past or present Chief Executive Officer, Chief Financial Officer, Chief Human Resources Officer, Chief Operating Officer, or similar executive experience. Financial Acumen Experience or expertise in financial accounting and reporting or the financial management of a major organization. Operations Management Experience or expertise in managing the operations of a business or major organization. Highly Regulated Industry Experience in a highly regulated industry, such as financial services, gaming, healthcare, pharmaceuticals, etc. Technology Understanding of information technology systems and development and/or information security, whether through academia or experience. Risk Management Experience assessing and mitigating significant competitive, regulatory, legal, or technological risks across an enterprise. Corporate Finance Experience in cor

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