secwatch.observer — SEC 8-K summary
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Issuer:     FB Bancorp, Inc. /MD/ (FBLA)
CIK:        0002013639
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001193125-24-198997
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FB Bancorp hires Performance Trust as marketing agent for mutual-to-stock conversion offering
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- Management fee of $30k, success fee of 0.95% of subscription offering and 1.5% of community offering proceeds.
- Success fee of 5.0% for shares sold to accredited institutional investors solicited by Performance Trust.
- Expense reimbursement capped at $150k legal and $60k other (up to $75k on resolicitation), total max $225k.
- Conversion agent fee of $40k plus up to $30k out-of-pocket expenses; $20k already earned and paid.
- Offering made under S-1 registration No. 333-277630 effective August 12, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013639/000119312524198997/0001193125-24-198997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013639/000119312524198997/d820627d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-198997

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