secwatch.observer — SEC 8-K summary
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Issuer:     Fifth District Bancorp, Inc. (FDSB)
CIK:        0002012726
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001104659-24-060476
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012726/000110465924060476/0001104659-24-060476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012726/000110465924060476/tm2414192d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-060476

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