secwatch.observer — SEC 8-K summary
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Issuer:     FS Bancorp, Inc. (FSBW)
CIK:        0001530249
Form:       8-K
Filed at:   2025-12-08T23:59:59+00:00
Accession:  0000939057-25-000314
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530249/000093905725000314/0000939057-25-000314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530249/000093905725000314/fsbanc8k12225.htm
  HTML page:      https://secwatch.observer/filing/0000939057-25-000314

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