secwatch.observer — SEC 8-K summary
======================================

Issuer:     First Northwest Bancorp (FNWB)
CIK:        0001556727
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001437749-25-028901
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Northwest Bancorp names Curt Queyrouze CEO effective Sept 17
------------------------------------------------------------------

- Curt Queyrouze appointed President and CEO of First Northwest Bancorp and First Fed Bank, effective Sept 17, 2025.
- Queyrouze previously President at Coastal Financial Corp; compensation includes $550K base, $100K signing bonus, 50K restricted stock.
- Employment agreement runs through Dec 31, 2028; severance for termination without cause (2x salary) or 2.99x base near change in control.
- Geraldine Bullard steps down as interim CEO and returns to COO role.
- Queyrouze replaces Matthew P. Deines, who departed in July 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556727/000143774925028901/0001437749-25-028901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556727/000143774925028901/fnwb20250910_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-028901

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