{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-037228","form_type":"8-K","ticker":"FNWB","cik":"0001556727","company_name":"First Northwest Bancorp","filed_at":"2024-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.775939+00:00","generated_at":"2026-05-29T04:42:45.464948+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"First Northwest Bancorp enters new employment agreement with CEO; base salary $515,000","bullets":["One-year term starting Dec 7, 2024, with employer option to extend annually.","CEO eligible for annual incentive bonus and equity awards under company plans.","Severance: 1x base salary + 90 days COBRA for without-cause or good-reason termination.","Change-in-control severance: 1.5x base salary + 90 days COBRA if terminated within 12 months post-CIC.","Restrictive covenants include one-year non-compete in counties where employer operates."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-037228","json":"https://secwatch.observer/filing/0001437749-24-037228.json","markdown":"https://secwatch.observer/filing/0001437749-24-037228.md","text":"https://secwatch.observer/filing/0001437749-24-037228.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1556727/000143774924037228/0001437749-24-037228-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1556727/000143774924037228/fnwb20241209_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T04:42:45.464948+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"}