---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-018147"
form_type: "8-K"
ticker: "FNWB"
cik: "0001556727"
company_name: "First Northwest Bancorp"
filed_at: "2026-05-21T22:50:00+00:00"
generated_at: "2026-05-22T10:09:33.405177+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Shareholders reject supermajority removal; approve equity plan increase at annual meeting

## Summary
- Proposal to remove supermajority provisions from articles failed (needed 80%); received 67.37% of outstanding shares.
- Shareholders approved Amended and Restated 2020 Equity Incentive Plan, increasing shares from 520,000 to 820,000.
- Non-employee director annual compensation limit raised from $150,000 to $175,000 under the plan.
- All nine director nominees elected with >84% votes; say-on-pay passed with 84.64%.
- Baker Tilly US, LLP ratified as independent auditor for fiscal year 2026.

## SEC filing metadata
- accession: 0001437749-26-018147
- form_type: 8-K
- ticker: FNWB
- cik: 0001556727
- company_name: First Northwest Bancorp
- filed_at: 2026-05-21T22:50:00+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556727/000143774926018147/0001437749-26-018147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556727/000143774926018147/fnwb20260511_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-018147
- JSON: https://secwatch.observer/filing/0001437749-26-018147.json
- Plain text: https://secwatch.observer/filing/0001437749-26-018147.txt

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