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Securities law

FS Bancorp, Inc. Announces Election of Directors, Advisory Vote on Executive Compensation, and Ratification of Auditing Firm

Strategic Insights

— 1 min read

At its annual meeting held on May 22, 2025, FS Bancorp, Inc. shareholders elected two directors for three-year terms and one director for a one-year term. Ted A. Leech and Marina Cofer-Wildsmith were elected as directors for three-year terms, while Terri L. Degner was elected for a one-year term. The shareholders also approved the compensation of the Company's named executive officers in an advisory vote and ratified the appointment of Moss Adams LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025.

Key Takeaways:

  • FS Bancorp, Inc. held its annual meeting on May 22, 2025, where shareholders elected two directors for three-year terms and one director for a one-year term.
  • Ted A. Leech and Marina Cofer-Wildsmith were elected as directors for three-year terms with 77.89% and 77.05% of votes respectively.
  • Terri L. Degner was elected as a director for a one-year term with 97.30% of votes.
  • Shareholders approved the compensation of the Company's named executive officers with 5,121,671 votes in favor.
  • The advisory vote on executive compensation was approved with an annual frequency of 5,050,046 votes.
  • The appointment of Moss Adams LLP as the Company's independent registered public accounting firm was ratified with 6,632,359 votes.

Statistics:

  • Total shares of common stock outstanding and entitled to vote: 7,756,000
  • Total shares of common stock represented in person or by proxy: 6,786,064
  • Number of directors elected for three-year terms: 2
  • Number of directors elected for a one-year term: 1
  • Total votes cast for the election of directors: 9,044,917
  • Total votes cast for the advisory vote on executive compensation: 5,664,564
  • Total votes cast for the ratification of Moss Adams LLP as independent registered public accounting firm: 6,757,861

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Washington, D.C. 20549, FORM 8-K, Current Report, May 29, 2025.

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