secwatch.observer — SEC 8-K summary
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Issuer:     First Northwest Bancorp (FNWB)
CIK:        0001556727
Form:       8-K
Filed at:   2025-07-09T23:59:59+00:00
Accession:  0001104659-25-066726
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Matthew Deines resigns; COO Geraldine Bullard named interim CEO; CBO retires
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- Matthew P. Deines to resign as President and CEO effective July 12, 2025, mutual decision, no disagreement.
- Interim CEO Geraldine L. Bullard appointed; salary increased to $498k, retention bonus $250k, 7,500 restricted shares.
- Severance for Deines: $515,000 base salary, 90 days COBRA, 5,996 restricted shares vest, other shares forfeited.
- Chief Banking Officer Christopher W. Neros retired effective July 2, 2025.
- Executive search firm engaged to find permanent CEO; Bullard to serve until then.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556727/000110465925066726/0001104659-25-066726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556727/000110465925066726/tm2519907d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-066726

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