secwatch.observer — SEC 8-K summary
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Issuer:     First Northwest Bancorp (FNWB)
CIK:        0001556727
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001437749-21-017716
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Northwest Bancorp announces director retirement and appointment of Gabriel Galanda
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- Director David A. Blake to retire effective September 28, 2021 after serving since 2005.
- Gabriel S. Galanda appointed to fill vacancy; term until 2022 annual meeting with anticipated re-election.
- Galanda is managing lawyer at Galanda Broadman, recognized in Native American Law, and a Round Valley Indian Tribes citizen.
- Blake will receive accelerated vesting of 1,126 restricted shares upon retirement conditioned on continued service.
- Galanda to receive standard director compensation: $32,000 annual retainer plus $50,000 in stock vesting over three years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556727/000143774921017716/0001437749-21-017716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556727/000143774921017716/fnwb20210726_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-017716

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