secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001046025-25-000106
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Financial names Bryan McDonald President and CEO, Deuel retires
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- CEO Jeffrey Deuel retired May 6, 2025; Bryan McDonald named President and CEO and appointed to Board.
- McDonald previously served as President/COO of Heritage Bank since 2021, joined via Whidbey Island merger in 2014.
- Employment agreement: base salary $650k, target bonus 50%, severance 150% (non-CIC) or 250% (CIC) of base plus avg bonus.
- Annual meeting results: all 9 directors re-elected, say-on-pay passed, Crowe LLP ratified as auditor for 2025.
- Deuel will remain as non-officer employee in advisory role through March 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602525000106/0001046025-25-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602525000106/hfwa-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001046025-25-000106

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