---
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"
generated_at: "2026-05-26T03:07:13.561946+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Provident settles wage-and-hour PAGA suits for $231,600; expense recognized in Q3 FY2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1010470/000093905725000059/0000939057-25-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1010470/000093905725000059/prov8k22025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-25-000059
- JSON: https://secwatch.observer/filing/0000939057-25-000059.json
- Plain text: https://secwatch.observer/filing/0000939057-25-000059.txt

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