---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-22-000158"
form_type: "8-K"
ticker: "TSBK"
cik: "0001046050"
company_name: "TIMBERLAND BANCORP INC"
filed_at: "2022-05-27T23:59:59+00:00"
generated_at: "2026-06-25T06:09:24.495742+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Timberland Bancorp enters three-year employment agreement with President/CFO Brydon

## Summary
- Three-year initial term with automatic one-year extensions subject to board approval.
- Base salary not less than current level; eligible for performance and discretionary bonuses.
- Severance on involuntary termination: continuation of salary and benefits for remaining term.
- Post-change-in-control severance: lump sum equal to 299% of base amount under IRC §280G.
- Six-month noncompete covering counties where Bank operates; clawback policy applies.

## SEC filing metadata
- accession: 0000939057-22-000158
- form_type: 8-K
- ticker: TSBK
- cik: 0001046050
- company_name: TIMBERLAND BANCORP INC
- filed_at: 2022-05-27T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046050/000093905722000158/0000939057-22-000158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046050/000093905722000158/timb8k52422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-22-000158
- JSON: https://secwatch.observer/filing/0000939057-22-000158.json
- Plain text: https://secwatch.observer/filing/0000939057-22-000158.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.