FS Bancorp enters change-of-control agreements with three top executives

FS Bancorp, Inc.

Agreements cover Robert Nesbitt (Chief Credit Ops), Sean McCormick (Chief Credit Admin), and Phillip Whittington (CFO).
Severance equals 12 months' current salary, paid in lump sum within 45 days of involuntary termination.
Severance triggered if involuntary termination occurs within 6 months before or 12 months after a change in control.
Involuntary termination includes termination without cause, salary reduction, relocation >20 miles from Mountlake Terrace, or material demotion.

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