---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-060476"
form_type: "8-K"
ticker: "FDSB"
cik: "0002012726"
company_name: "Fifth District Bancorp, Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:52:27.781217+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Fifth District Bancorp enters Agency Agreement with Performance Trust for conversion offering

## Summary
- Performance Trust will assist marketing of Fifth District Bancorp common stock in mutual-to-stock conversion under S-1 registration.
- Success fees: 0.95% subscription, 1.50% community offering, 5.00% for institutional accredited investors solicited by Performance Trust.
- Management fee $30,000 (credited against success fee); legal fee reimbursement up to $100,000; other expenses up to $60,000 (possible increase to $75,000 for resolicitation).
- Records agent and stock information center fee $30,000 (possible increase up to $10,000 for material delay); expense reimbursement up to $30,000.

## SEC filing metadata
- accession: 0001104659-24-060476
- form_type: 8-K
- ticker: FDSB
- cik: 0002012726
- company_name: Fifth District Bancorp, Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2012726/000110465924060476/0001104659-24-060476-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2012726/000110465924060476/tm2414192d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-060476
- JSON: https://secwatch.observer/filing/0001104659-24-060476.json
- Plain text: https://secwatch.observer/filing/0001104659-24-060476.txt

## Key facts
- Material Agreements
  Fifth District Bancorp, Inc. entered into Agency Agreement with Performance Trust Capital Partners, LLC (effective 2024-05-10).
  - Action: entry
  - Counterparty: Performance Trust Capital Partners, LLC
  - Effective: 2024-05-10
  source text: On May 10, 2024, Fifth District Bancorp, Inc. (the “Company”) and Fifth District Savings Bank (the “Bank”) entered into an Agency Agreement with Performance Trust Capital Partners, LLC (“Performance Trust”), pursuant to which Performance Trust will assist the Company, on a best efforts basis, in marketing the Company’s common stock during the Company’s stock offering in connection with the Bank’s proposed conversion from a mutual savings bank to a stock savings bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2012726/000110465924060476/0001104659-24-060476-index.htm

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