secwatch.observer — SEC 8-K summary
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Issuer:     FS Bancorp, Inc. (FSBW)
CIK:        0001530249
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0000939057-24-000032
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530249/000093905724000032/0000939057-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530249/000093905724000032/fsbanc8k12924.htm
  HTML page:      https://secwatch.observer/filing/0000939057-24-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer