---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-23-000095"
form_type: "8-K"
ticker: "TSBK"
cik: "0001046050"
company_name: "TIMBERLAND BANCORP INC"
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T06:44:48.492476+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Timberland Bancorp names Matthew DeBord CLO as Robert Drugge retires; board size increased

## Summary
- Robert Drugge retired as Chief Lending Officer of Timberland Bancorp and Timberland Bank effective March 31, 2023.
- Matthew DeBord appointed as Chief Lending Officer and EVP effective April 1, 2023; he joined the company in 2012.
- Drugge will join the Boards of Directors of both company and bank effective April 3, 2023.
- Board size increased from 9 to 10 directors via bylaw amendment on March 28, 2023.
- DeBord previously served as SVP and Commercial Bank Team Leader; began career as a bank regulator.

## SEC filing metadata
- accession: 0000939057-23-000095
- form_type: 8-K
- ticker: TSBK
- cik: 0001046050
- company_name: TIMBERLAND BANCORP INC
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000095/0000939057-23-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000095/8k4323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-23-000095
- JSON: https://secwatch.observer/filing/0000939057-23-000095.json
- Plain text: https://secwatch.observer/filing/0000939057-23-000095.txt

## Key facts
- Executive change
  Robert Drugge retired as Chief Lending Officer at TIMBERLAND BANCORP INC.
  - Action: retired
  - Role: Chief Lending Officer
  source text: Robert Drugge retired from the Chief Lending Officer positions at both the Company and the Bank on March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000095/0000939057-23-000095-index.htm
- Executive change
  Matthew DeBord was appointed as Chief Lending Officer at TIMBERLAND BANCORP INC.
  - Action: appointed
  - Role: Chief Lending Officer
  source text: Matthew DeBord , age 42, was appointed as the Chief Lending Officer and Executive Vice President of the Company and the Bank, effective April 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000095/0000939057-23-000095-index.htm
- Executive change
  Robert Drugge was appointed as Director at TIMBERLAND BANCORP INC.
  - Action: appointed
  - Role: Director
  source text: Mr. Drugge will be appointed to the Boards of Directors of both the Company and Bank, effective April 3, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000095/0000939057-23-000095-index.htm
- Governance Changes
  TIMBERLAND BANCORP INC: Increased number of directors from nine to ten (effective 2023-04-03).
  - Change: bylaw amendment
  - Effective: 2023-04-03
  source text: On March 28, 2023, the Company’s Board of Directors amended the Company’s Bylaws by increasing the number of directors from nine (9) to ten (10), in connection with the addition of Mr. Drugge to the Board of Directors effective on April 3, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000095/0000939057-23-000095-index.htm

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