---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-25-000314"
form_type: "8-K"
ticker: "FSBW"
cik: "0001530249"
company_name: "FS Bancorp, Inc."
filed_at: "2025-12-08T23:59:59+00:00"
generated_at: "2026-05-16T13:57:46.414591+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000939057-25-000314
- form_type: 8-K
- ticker: FSBW
- cik: 0001530249
- company_name: FS Bancorp, Inc.
- filed_at: 2025-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530249/000093905725000314/0000939057-25-000314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530249/000093905725000314/fsbanc8k12225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-25-000314
- JSON: https://secwatch.observer/filing/0000939057-25-000314.json
- Plain text: https://secwatch.observer/filing/0000939057-25-000314.txt

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