Waterstone Financial CEO Douglas Gordon to retire Dec 31, 2023; William Bruss elected as successor

Waterstone Financial, Inc.

CEO Douglas Gordon to retire Dec 31, 2023; will remain on boards of Company, Bank, and Waterstone Mortgage.
William F. Bruss elected CEO effective Jan 1, 2024; currently President since Jan 2022.
Bruss has been executive officer since 2005, previously EVP, COO, and General Counsel.
Chairman Pat Lawton: Board planned transition for several years; Bruss ideal successor.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Douglas S. Gordon

Chief Executive Officer

WSBF · Waterstone Financial, Inc.

Effective: 2023-12-31
Successor: William F. Bruss
Filed: July 25, 2023, 7:59 PM ET

On July 25, 2023, Douglas S. Gordon, Chief Executive Officer (“CEO”) of Waterstone Financial, Inc. (the “Company”) notified the Company of his intention to retire from his position as CEO of the Company and its wholly owned subsidiary, WaterStone Bank (the “Bank”), effective December 31, 2023.

Appointed

William F. Bruss

Chief Executive Officer

WSBF · Waterstone Financial, Inc.

Effective: 2024-01-01
Filed: July 25, 2023, 7:59 PM ET

On July 25, 2023, the Boards of Directors of the Company and the Bank elected William F. Bruss, to serve as the next CEO of the Company and the Bank effective January 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas S. Gordon departed as Chief Executive Officer at Waterstone Financial, Inc..

Action: retire
Role: Chief Executive Officer

Exact text from the filing

On July 25, 2023, Douglas S. Gordon, Chief Executive Officer (“CEO”) of Waterstone Financial, Inc. (the “Company”) notified the Company of his intention to retire from his position as CEO of the Company and its wholly owned subsidiary, WaterStone Bank (the “Bank”), effective December 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William F. Bruss was elected as Chief Executive Officer at Waterstone Financial, Inc..

Action: elected
Role: Chief Executive Officer

Exact text from the filing

On July 25, 2023, the Boards of Directors of the Company and the Bank elected William F. Bruss, to serve as the next CEO of the Company and the Bank effective January 1, 2024.

View on SEC.gov

Waterstone Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-020614

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