secwatch.observer — SEC 8-K summary
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Issuer:     First Northwest Bancorp (FNWB)
CIK:        0001556727
Form:       8-K
Filed at:   2026-05-21T22:50:00+00:00
Accession:  0001437749-26-018147
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556727/000143774926018147/0001437749-26-018147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556727/000143774926018147/fnwb20260511_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-018147

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