---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-23-000364"
form_type: "8-K"
ticker: "TSBK"
cik: "0001046050"
company_name: "TIMBERLAND BANCORP INC"
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T07:43:54.094043+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000939057-23-000364
- form_type: 8-K
- ticker: TSBK
- cik: 0001046050
- company_name: TIMBERLAND BANCORP INC
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: leadership
- 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/1046050/000093905723000364/0000939057-23-000364-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046050/000093905723000364/8-k121923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-23-000364
- JSON: https://secwatch.observer/filing/0000939057-23-000364.json
- Plain text: https://secwatch.observer/filing/0000939057-23-000364.txt

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