8-K
filed February 26, 2025, 6:59 PM ET
ticker PROV
CIK 0001010470
litigation
confidence high
sentiment neutral
materiality 0.50
Provident settles wage-and-hour PAGA suits for $231,600; expense recognized in Q3 FY2025
PROVIDENT FINANCIAL HOLDINGS INC
- Aggregate settlement of $231,600 resolves all individual and PAGA claims by former employees Cheryl Jones and Jennifer Williams.
- No litigation reserve existed; full $231,600 expense recognized in fiscal Q3 2025, plus future defense costs.
- Claims included misclassification as exempt, missed breaks, off-the-clock work, and incorrect wage statements under California law.
- Settlement includes dismissal of all claims without admission of liability; subject to final agreement and court approval.
- Bank will also pay settlement administrator fees, plaintiff service payments, and plaintiff counsel's fees and costs.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0000939057-25-000059
- form_type
- 8-K
- ticker
- PROV
- cik
- 0001010470
- company_name
- PROVIDENT FINANCIAL HOLDINGS INC
- filed_at
- 2025-02-26T23:59:59+00:00
- discovered_at
- 2026-05-14T18:03:02.688080+00:00
- generated_at
- 2026-05-26T03:07:13.561946+00:00
- sec_items
- ["8.01"]
- event_type
- litigation
- sentiment
- neutral
- materiality_score
- 0.5
- calibrated_materiality_score
- 0.5
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0000939057-25-000059
- json_url
- https://secwatch.observer/filing/0000939057-25-000059.json
- markdown_url
- https://secwatch.observer/filing/0000939057-25-000059.md
- text_url
- https://secwatch.observer/filing/0000939057-25-000059.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1010470/000093905725000059/0000939057-25-000059-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1010470/000093905725000059/prov8k22025.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
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- correction_note
- null
- correction_timestamp
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