FS Bancorp subsidiary enters change-of-control severance pacts with three officers

FS Bancorp, Inc.

Agreements with CIO Shana Allen, CCO Stephanie Nicklaus, and CLO Ben Crowl effective Jan 29, 2024.
Severance equals 12 months of then-current salary, paid lump sum within 45 days of termination.
Triggered by involuntary termination within 6 months before or 12 months after a change of control.
Change of control defined as 20%+ ownership change, board turnover, merger/liquidation, or board determination.

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