secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001437749-24-013244
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waterstone Financial enters employment agreement with President and CEO Jeffrey McGuiness
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- President and CEO Jeffrey McGuiness signs employment agreement effective April 24, 2024 through Dec 31, 2026.
- Base salary set at $450,000 annually, subject to annual review.
- Grant of 30,000 incentive stock options vesting in equal installments of 10,000 per year.
- Severance provision includes one year's base salary and accelerated option vesting upon termination without cause or for good reason.
- Non-solicitation restrictions apply for two years post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774924013244/0001437749-24-013244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774924013244/wsbf20240422c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013244

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