--- schema_version: "secwatch.filing_event.v1" accession: "0001558370-24-005914" form_type: "8-K" ticker: "BWB" cik: "0001341317" company_name: "Bridgewater Bancshares Inc" filed_at: "2024-04-26T23:59:59+00:00" generated_at: "2026-06-03T06:20:11.610089+00:00" event_type: "leadership" sentiment: "positive" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Bridgewater Bancshares promotes CFO Chybowski to President; Crocker to CSO, Espeseth CAO ## Summary - Joe Chybowski adds President role while remaining CFO; effective April 26, 2024. Jerry Baack stays Chairman & CEO. - Mary Jayne Crocker named EVP & Chief Strategy Officer (was COO); Laura Espeseth becomes Chief Accounting Officer. - No changes to compensatory arrangements; no family relationships or related party transactions. - Under Chybowski, Bridgewater grew from $460M to $4.7B in assets and completed 2018 IPO. - Annual meeting: all 4 director nominees elected, say-on-pay approved, RSM US LLP ratified as auditor. ## SEC filing metadata - accession: 0001558370-24-005914 - form_type: 8-K - ticker: BWB - cik: 0001341317 - company_name: Bridgewater Bancshares Inc - filed_at: 2024-04-26T23:59:59+00:00 - event_type: leadership - sentiment: positive - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 5.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005914/0001558370-24-005914-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005914/bwb-20240426x8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001558370-24-005914 - JSON: https://secwatch.observer/filing/0001558370-24-005914.json - Plain text: https://secwatch.observer/filing/0001558370-24-005914.txt ## Key facts - Executive change Mary Jayne Crocker was appointed as Executive Vice President and Chief Strategy Officer at Bridgewater Bancshares Inc. - Action: appointed - Role: Executive Vice President and Chief Strategy Officer source text: On April 25, 2024, the Board of Directors of Bridgewater Bancshares, Inc. (the “Company”) appointed Joe Chybowski as the President of the Company, Mary Jayne Crocker as the Executive Vice President and Chief Strategy Officer of the Company, and Laura Espeseth as the Chief Accounting Officer of the Company, effective as of April 26, 2024 (the “Effective Date”). evidence_url: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005914/0001558370-24-005914-index.htm - Executive change Joe Chybowski was appointed as President at Bridgewater Bancshares Inc. - Action: appointed - Role: President source text: On April 25, 2024, the Board of Directors of Bridgewater Bancshares, Inc. (the “Company”) appointed Joe Chybowski as the President of the Company, Mary Jayne Crocker as the Executive Vice President and Chief Strategy Officer of the Company, and Laura Espeseth as the Chief Accounting Officer of the Company, effective as of April 26, 2024 (the “Effective Date”). evidence_url: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005914/0001558370-24-005914-index.htm - Executive change Laura Espeseth was appointed as Chief Accounting Officer at Bridgewater Bancshares Inc. - Action: appointed - Role: Chief Accounting Officer source text: On April 25, 2024, the Board of Directors of Bridgewater Bancshares, Inc. (the “Company”) appointed Joe Chybowski as the President of the Company, Mary Jayne Crocker as the Executive Vice President and Chief Strategy Officer of the Company, and Laura Espeseth as the Chief Accounting Officer of the Company, effective as of April 26, 2024 (the “Effective Date”). evidence_url: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005914/0001558370-24-005914-index.htm - Shareholder Votes Bridgewater Bancshares Inc shareholders approved Election of four director nominees at the 2024-04-23 meeting. - Proposal: director election - Outcome: passed - Meeting: 2024-04-23 source text: Proposal 1 : The election of four (4) director nominees to serve until the 2025 Annual Meeting of Shareholders or until their successors are duly elected and qualified: evidence_url: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005914/0001558370-24-005914-index.htm - Shareholder Votes Bridgewater Bancshares Inc shareholders approved Recommendation on frequency of non-binding vote to approve executive compensation at the 2024-04-23 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2024-04-23 source text: Proposal 3 : The recommendation on the frequency of the non-binding vote to approve the executive compensation: evidence_url: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005914/0001558370-24-005914-index.htm - Shareholder Votes Bridgewater Bancshares Inc shareholders approved Non-binding advisory approval of 2023 executive compensation at the 2024-04-23 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2024-04-23 source text: Proposal 2 : The approval, on a non-binding advisory basis, of the 2023 executive compensation: evidence_url: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005914/0001558370-24-005914-index.htm - Shareholder Votes Bridgewater Bancshares Inc shareholders approved Ratification of RSM US LLP as independent registered public accounting firm for year ending December 31, 2024 at the 2024-04-23 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2024-04-23 source text: Proposal 4 : The ratification of the appointment of RSM US LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024: evidence_url: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005914/0001558370-24-005914-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.