Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On
Ms. Terwoerds' term as a Director of the Company is effective immediately and
will continue until the 2023 Annual Meeting of Shareholders, at which time it is
anticipated that she will be nominated for re-election by the shareholders. The
Company's Board has determined that Ms. Terwoerds meets the requirements for
director independence under the listing standards of
There are no transactions in which Ms. Terwoerds has an interest requiring disclosure under Item 404(a) of Regulation S-K. There are no family relationships between her and any other executive officer or director of the Company or First Fed. Other than the compensation arrangements described below, there is no arrangement or understanding between Ms. Terwoerds and any other persons or entities pursuant to which Ms. Terwoerds will be elected as a Director of the Company.
Ms. Terwoerds will receive compensation for her services as a Director
consistent with the Company's standard practices for non-employee (outside)
Directors. For 2023, outside Directors receive an annual retainer of
A copy of the press release issued by the Company on
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description 99.1 Press Release datedJanuary 25, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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