FS Bancorp, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Shareholders held by FS Bancorp, Inc. on May 25, 2023. The company is incorporated in Washington and its common stock trades on The NASDAQ Stock Market LLC under the symbol FSBW.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance events.
Material Changes and Voting Results
At the Annual Meeting, 6,713,796 shares were represented, constituting a quorum out of 7,743,283 outstanding shares. Three proposals were submitted and approved:
- Proposal 1 (Election of Directors): Michael J. Mansfield (94.50% For) and Margaret R. Piesik (91.77% For) were elected to three-year terms expiring in 2026. The terms of five existing directors continued.
- Proposal 2 (Executive Compensation): The advisory vote to approve named executive officer compensation passed with 5,191,345 votes For, 184,034 Against, and 239,565 Abstentions.
- Proposal 3 (Auditor Ratification): The appointment of Moss Adams LLP as the independent registered public accounting firm for the year ending December 31, 2023, was ratified with 6,676,563 votes For, 32,421 Against, and 4,812 Abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation of the new directors' three-year term expiration date (2026).
- Verification of Moss Adams LLP's engagement for the fiscal year ending December 31, 2023.
- Review of the specific executive compensation plan details referenced in the advisory vote.
- Assessment of the 1,098,852 broker non-votes recorded for the director and compensation proposals.