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 27, 2021. The filing details the outcomes of shareholder votes regarding director elections, executive compensation, and the ratification of the independent auditor.
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
There are no material financial changes reported in this filing. The primary events are the election of new directors and the approval of executive compensation and auditor ratification.
Shareholder Vote Results
- Proposal 1: Election of Directors
- Joseph C. Adams: Elected with 98.22% of votes present (3,163,007 For).
- Pamela M. Andrews: Elected with 98.24% of votes present (3,163,527 For).
- Joseph P. Zavaglia: Elected with 94.66% of votes present (3,048,255 For).
- Terms for existing directors Ted A. Leech, Marina Cofer-Wildsmith, Mark H. Tueffers, Michael J. Mansfield, and Margaret R. Piesik continued.
- Proposal 2: Executive Compensation (Say-on-Pay)
- Approved by shareholders with 2,987,377 votes For, 81,903 Against, and 151,062 Abstain.
- Proposal 3: Ratification of Auditor
- Moss Adams LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2021.
- Votes: 3,693,237 For, 17,140 Against, 1,392 Abstain.
Investor Verification Checklist
- Verify the three-year term expiration date for the newly elected directors (2024).
- Confirm the appointment of Moss Adams LLP for the fiscal year ending December 31, 2021.
- Note the high level of broker non-votes (491,427) recorded for the director and compensation proposals.
- Review the full proxy statement for detailed executive compensation data not included in this 8-K.