FS Bancorp Announces Director and Officer Changes
Ticker: FSBW · Form: 8-K · Filed: Aug 15, 2025 · CIK: 1530249
| Field | Detail |
|---|---|
| Company | Fs Bancorp, Inc. (FSBW) |
| Form Type | 8-K |
| Filed Date | Aug 15, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation, governance
Related Tickers: FSBC
TL;DR
FS Bancorp shakes up board and exec pay - new faces, new comp plans.
AI Summary
FS Bancorp, Inc. announced on August 15, 2025, changes related to its board of directors and executive compensation. Specifically, the company reported the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for its key executives. The filing details these changes as required by SEC regulations.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty about future strategy and financial performance.
Key Players & Entities
- FS Bancorp, Inc. (company) — Registrant
- August 15, 2025 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the departure of officers or directors?
The filing indicates the departure of certain officers and directors, but does not specify the exact roles in this summary section.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in the provided text.
What are the details of the compensatory arrangements for certain officers?
The filing states that compensatory arrangements of certain officers are being addressed, but specific details are not included in this summary.
What is the primary business of FS Bancorp, Inc.?
FS Bancorp, Inc. is classified under Savings Institutions, Not Federally Chartered [6036].
In which state is FS Bancorp, Inc. incorporated?
FS Bancorp, Inc. is incorporated in Washington (WA).
Filing Stats: 590 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2025-08-15 12:36:03
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share FSBW NASDAQ Indicate by
Filing Documents
- fsbanc8k81525.htm (8-K) — 31KB
- fsbanc8k81525exh991.htm (EX-99.1) — 15KB
- image0.jpg (GRAPHIC) — 389KB
- 0000939057-25-000215.txt ( ) — 709KB
- fsbw-20250815.xsd (EX-101.SCH) — 4KB
- fsbw-20250815_lab.xml (EX-101.LAB) — 21KB
- fsbw-20250815_pre.xml (EX-101.PRE) — 16KB
- fsbanc8k81525_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 15, 2025, FS Bancorp, Inc. ("Company") (NASDAQ: FSBW), the holding company for 1st Security Bank of Washington ("1st Security Bank" or "Bank") announced that it has named Matthew D. Mullet as President and Chief Executive Officer of Bank effective September 1, 2025. Mr. Mullet has served as President of the Bank and the Company since July 2024 and previously served as the Chief Financial Officer of both the Company and the Bank, a position that he held since September 2011. Joseph C. Adams, who has served as Chief Executive Officer of the Bank since 2004, will be retiring from that position, effective September 1, 2025 and will remain Chief Executive Officer of the Company until May 2026. For further information concerning Mr. Mullet's background, reference is made to the press release dated August 15, 2025, which is attached hereto as Exhibit 99.1 and incorporated herein by reference. There are no family relationships between Mr. Mullet and any director or other executive officer of the Company. Mr. Mullet 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.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of FS Bancorp, Inc. dated August 15, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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. Date: August 15, 2025 FS BANCORP, INC. /s/ Joseph C. Adams Joseph C. Adams Chief Executive Officer 3