---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-003297"
form_type: "8-K"
ticker: "NSTS"
cik: "0001881592"
company_name: "NSTS Bancorp, Inc."
filed_at: "2025-02-10T23:59:59+00:00"
generated_at: "2026-05-27T00:34:38.206052+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NSTS Bancorp out of Nasdaq independent board rule after director's death; has cure period until Dec 2025

## Summary
- Director Thaddeus M. Bond Jr. died; board now has 6 members, only 3 independent.
- Company notified Nasdaq on Jan 3, 2025; received Nasdaq letter on Feb 7, 2025 confirming non-compliance.
- Failure to meet Nasdaq Rule 5605(b)(1) majority independent director requirement.
- Cure period ends earlier of next annual meeting or Dec 21, 2025 (or June 19, 2025 if meeting before June 19).
- Board intends to fill vacancy with an independent director before the cure deadline.

## SEC filing metadata
- accession: 0001437749-25-003297
- form_type: 8-K
- ticker: NSTS
- cik: 0001881592
- company_name: NSTS Bancorp, Inc.
- filed_at: 2025-02-10T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1881592/000143774925003297/0001437749-25-003297-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1881592/000143774925003297/nsts20250210_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-003297
- JSON: https://secwatch.observer/filing/0001437749-25-003297.json
- Plain text: https://secwatch.observer/filing/0001437749-25-003297.txt

## Source-grounded claims
- claim_id: cccfb691fee1cd80ef6fd8f9ad1d5b46d5a832aa
  claim: NSTS Bancorp, Inc. received a nasdaq deficiency notice notice regarding board independence (rules 5605(b)(1)).
  evidence_excerpt: February 7, 2025, the Company received a letter from Nasdaq confirming that, due to Mr. Bond’s death, the Company has temporarily fallen out of compliance with the requirements of Rule 5605(b)(1) of the Nasdaq listing st
  evidence_url: https://www.sec.gov/Archives/edgar/data/1881592/000143774925003297/0001437749-25-003297-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.