{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-011079","form_type":"8-K","ticker":"FNWB","cik":"0001556727","company_name":"First Northwest Bancorp","filed_at":"2024-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.942880+00:00","generated_at":"2026-06-04T02:18:36.250108+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"First NW Bancorp adopts Executive CIC Plan for 6 officers (excl. CEO)","bullets":["Six executive officers of First NW Bancorp and First Fed (excluding CEO Matthew Deines) entered CIC Plan effective April 2024.","Plan pays lump sum of 2x (base salary + target bonus) if terminated without cause/for good reason within 24 months of a Change in Control.","Also provides pro-rata bonus, accrued obligations, and 24 months COBRA coverage; benefits subject to 280G parachute reduction.","CEO Deines not included because his existing employment agreement already provides CIC benefits and expires December 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-011079","json":"https://secwatch.observer/filing/0001437749-24-011079.json","markdown":"https://secwatch.observer/filing/0001437749-24-011079.md","text":"https://secwatch.observer/filing/0001437749-24-011079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1556727/000143774924011079/0001437749-24-011079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1556727/000143774924011079/fnwb20240403_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T02:18:36.250108+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}