Timberland Bancorp enters amended employment agreements with CEO, President, CFO, and CLO

TIMBERLAND BANCORP INC

Agreements effective Dec 19, 2023, for Dean J. Brydon (CEO), Jonathan A. Fischer (President/COO), Marci A. Basich (CFO), and Matthew J. DeBord (CLO).
Three-year term with automatic annual extensions unless 90-day notice given or board non-approval.
Base salary at current levels; eligible for performance bonuses, equity incentives, and fringe benefits.
Severance: 299% of base amount under Section 280G upon change-in-control involuntary termination, subject to golden parachute limits.
Non-compete for 6 months post-termination in Washington counties where Bank operates; includes client and employee non-solicit.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.