Waterstone Financial, Inc. Files Definitive Proxy Statement

Ticker: WSBF · Form: DEF 14A · Filed: Apr 11, 2024 · CIK: 1569994

Waterstone Financial, Inc. DEF 14A Filing Summary
FieldDetail
CompanyWaterstone Financial, Inc. (WSBF)
Form TypeDEF 14A
Filed DateApr 11, 2024
Risk Level
Pages16
Reading Time19 min
Key Dollar Amounts$5,000, $1 million, $14 m
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Waterstone Financial, Executive Compensation, Shareholder Meeting

TL;DR

<b>Waterstone Financial, Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

Waterstone Financial, Inc. (WSBF) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. Waterstone Financial, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 11, 2024. The filing covers the fiscal year ending December 31, 2023. The company's IRS number is 000000000. Waterstone Financial, Inc. is incorporated in Maryland (MD). The filing includes data related to executive compensation and equity awards for the fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking Waterstone Financial, Inc., this filing contains several important signals. This filing provides shareholders with information regarding the company's governance, executive compensation, and matters to be voted on at the upcoming shareholder meeting. Shareholders can review details on equity awards, changes in fair value, and pension values for named executive officers, offering transparency into compensation structures.

Risk Assessment

Risk Level: — Waterstone Financial, Inc. shows moderate risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation and vote on relevant proposals.

Key Numbers

  • 2023-12-31 — Fiscal Year End (Conformed period of report)
  • 2024-04-11 — Filing Date (Date the DEF 14A was filed)
  • 2024-05-21 — Report Date (Conformed period of report)

Key Players & Entities

  • Waterstone Financial, Inc. (company) — Filer of the DEF 14A
  • 11200 WEST PLANK COURT (address) — Business and mailing address
  • WAUWATOSA (location) — City for business and mailing address
  • WI (location) — State for business and mailing address
  • 53226 (postal_code) — ZIP code for business and mailing address
  • MD (location) — State of incorporation

FAQ

When did Waterstone Financial, Inc. file this DEF 14A?

Waterstone Financial, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 11, 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 Waterstone Financial, Inc. (WSBF).

Where can I read the original DEF 14A filing from Waterstone Financial, Inc.?

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 Waterstone Financial, Inc..

What are the key takeaways from Waterstone Financial, Inc.'s DEF 14A?

Waterstone Financial, Inc. filed this DEF 14A on April 11, 2024. Key takeaways: Waterstone Financial, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 11, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's IRS number is 000000000..

Is Waterstone Financial, Inc. a risky investment based on this filing?

Based on this DEF 14A, Waterstone Financial, Inc. presents a moderate-risk profile. The filing is a routine proxy statement (DEF 14A) and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk.

What should investors do after reading Waterstone Financial, Inc.'s DEF 14A?

Shareholders should review the proxy statement to understand executive compensation and vote on relevant proposals. The overall sentiment from this filing is neutral.

How does Waterstone Financial, Inc. compare to its industry peers?

Waterstone Financial, Inc. operates within the savings institution sector, federally chartered.

Are there regulatory concerns for Waterstone Financial, Inc.?

As a federally chartered savings institution, Waterstone Financial is subject to regulations from relevant financial authorities.

Industry Context

Waterstone Financial, Inc. operates within the savings institution sector, federally chartered.

Regulatory Implications

As a federally chartered savings institution, Waterstone Financial is subject to regulations from relevant financial authorities.

What Investors Should Do

  1. Review the proxy statement for details on executive compensation and board nominations.
  2. Understand the proposals to be voted on at the shareholder meeting.
  3. Assess the company's corporate governance practices as outlined in the filing.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a proxy statement, and does not directly compare financial performance to a previous filing.

Filing Stats: 4,678 words · 19 min read · ~16 pages · Grade level 10 · Accepted 2024-04-11 10:17:17

Key Financial Figures

  • $5,000 — meeting and we have agreed to pay them $5,000, plus out-of-pocket expenses, for these
  • $1 million — rs, oversaw endowment growth from under $1 million to over $14 million, and developed recr
  • $14 m — nt growth from under $1 million to over $14 million, and developed recruitment strate

Filing Documents

From the Filing

wsbf20240328_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Section 240.14a-12 Waterstone Financial, Inc. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. April 11, 2024 Dear Fellow Shareholder, We invite you to attend the Waterstone Financial, Inc. Annual Meeting of Shareholders, which will be held at WaterStone Bank SSB, 11200 W. Plank Ct., Wauwatosa, Wisconsin at 9:00 a.m., Central Time, on Tuesday, May 21, 2024. We are furnishing proxy materials to our shareholders over the internet, as permitted by rules adopted by the Securities and Exchange Commission. You may read, print and download our 2023 Annual Report to Shareholders on Form 10-K and our Proxy Statement at www.cstproxy.com /wsbonline/2024 . On April 11, 2024, we mailed our shareholders a notice containing instructions on how to access these materials and how to vote their shares online. The notice provides instructions on how you can request a paper copy of these materials by mail, by telephone or by e-mail. If you requested your materials via e-mail, the e-mail contains voting instructions and links to the materials on the internet. You may vote your shares by internet, by telephone, by regular mail or in person at the Annual Meeting. Instructions regarding the various methods of voting are contained on the notice and on the Proxy Card. The proxy materials describe the formal business to be transacted at the Annual Meeting. Included in the materials is our Annual Report on Form 10-K, which contains detailed information concerning our activities and operating performance. On behalf of the board of directors, we request that you vote your shares now, even if you currently plan to attend the Annual Meeting. This will not prevent you from voting in person, but will assure that your vote is counted. Sincerely, WILLIAM F. BRUSS Chief Executive Officer WATERSTONE FINANCIAL, INC. 11200 W. Plank Ct. Wauwatosa, Wisconsin 53226 (414) 761-1000 ______________________________ NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 21, 2024. _____________________________ To the Shareholders of Waterstone Financial, Inc.: The 2024 annual meeting of shareholders of Waterstone Financial, Inc. will be held on Tuesday, May 21, 2024 at 9:00 a.m., Central Time, at WaterStone Bank SSB, 11200 W. Plank Ct., Wauwatosa, Wisconsin for the following purposes: (1) Electing two directors to serve for a term expiring in 2027; (2) Ratifying the selection of FORVIS, LLP as Waterstone Financial, Inc.'s independent registered public accounting firm; (3) Approving an advisory, non-binding resolution to approve the executive compensation described in the Proxy Statement; and (4) Transacting such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. The board of directors has fixed March 27, 2024 as the record date for the determination of shareholders entitled to notice of and to vote at the annual meeting and any adjournment thereof. Only shareholders of record at the close of business on that date will be entitled to vote at the annual meeting and any adjournments thereof. We call your attention to the Proxy Statement accompanying this notice for a more complete statement regarding the matters to be acted upon at the annual meeting. Please read it carefully. By Order of the Board of Directors William F. Bruss Chief Executive Officer Wauwatosa, Wisconsin April 11, 2024 PROXY STATEMENT WATERSTONE FINANCIAL, INC. 11200 W. Plank Ct. Wauwatosa, Wisconsin 53226 (414) 761-1000 ______________________ SOLICITATION AND VOTING This Proxy Statement and accompanying Proxy Card are furnished to the shareholders of Waterstone Financial, Inc. ("Waterstone Financial" or the "Company") in connection with the solicitation of proxies by the Waterstone Financial board of directors for use at the annual meeting of shareholders to be held at WaterStone Bank SSB, 11200 W. Plank Ct., Wauwatosa, Wisconsin at 9:00 a.m., Central Timeon Tuesday, May 21, 2024, and at any adjournment of the meeting. The 2023 Annual Report on Form 10K is enclosed with the Proxy Statement and contains business and financial information concerning Waterstone Financial. Our p

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