FB Bancorp, Inc. /MD/ Reports Material Event

FB Bancorp, Inc., holding company for Fidelity Bank, approved a transition for Board Chair Katherine A. Crosby.

Accepted by SEC EDGAR 05/01/2026 - 04:16 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

FB Bancorp, Inc., holding company for Fidelity Bank, approved a transition for Board Chair Katherine A. Crosby. She will remain Executive Chair until June 30, 2026, then become non-executive Chair of both boards and no longer be an employee.

Ms. Crosby keeps her current base salary and benefits through the transition date, and may receive reimbursed COBRA health coverage for herself and dependents through the COBRA period until age 65. Her March 6, 2024 employment agreement will terminate on the transition date, with restrictive covenants continuing for six months.

As consideration for entering this new agreement and honoring the covenants, she will receive $250,000 in cash paid in four equal $62,500 installments between December 31, 2026 and June 30, 2028, plus $250,000 of restricted stock vesting in four similar installments. She will also receive board fees and continue in the Fidelity Bank Amended and Restated Director Retirement Plan.

Insights

Corporate governance analyst

FB Bancorp formalizes a planned move from executive to non-executive chair with a structured payout.

The agreement moves Katherine Crosby from Executive Chair to non-executive Chair on June 30, 2026, while preserving her leadership role on the boards. This suggests continuity in board oversight even as her employment relationship with the bank ends.

Compensation is split between $250,000 in cash and $250,000 in restricted stock, both paid and vested over roughly 18 months starting December 31, 2026. The six-month post-employment restrictive covenants and continued participation in the director retirement plan align incentives with the company’s longer-term interests.

Since she remains Chair and no operational changes are described, this looks like a governance and compensation realignment rather than a shift in day-to-day management. Actual impact on strategy or performance would depend on future board and management disclosures.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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falseFB Bancorp, Inc. /MD/0002013639MD00020136392026-04-292026-04-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  April 29, 2026

FB Bancorp, Inc.

(Exact Name of Registrant as Specified in its Charter)

Maryland		001-42380		99-1859402
(State or Other Jurisdiction of Incorporation)		(Commission File No.)		(I.R.S. Employer Identification No.)
353 Carondelet Street, New Orleans, Louisiana					70130
(Address of Principal Executive Offices)					(Zip Code)

(504) 569-8640

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Common stock		FBLA		The Nasdaq Stock Market LLC
Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On April 29, 2026, Fidelity Bank (the “Bank”), and its holding company FB Bancorp, Inc. (the “Company”), entered into a Board Chair Realignment and Transition Agreement (the “Agreement”) with Katherine A. Crosby.  Under the Agreement, Ms. Crosby will continue to serve as Executive Chair of the Bank and the Company until June 30, 2026 (the “Transition Date”), at which time she will continue to serve the Bank and the Company as a non-executive Chair of the Boards of Directors and will no longer maintain an employment position with the Bank or the Company.  Ms. Crosby will continue to receive her current base salary and will continue to receive or will remain eligible to receive, as appropriate, employee benefits from the Bank and the Company until the Transition Date.  If Ms. Crosby elects COBRA coverage following the Transition Date, the Bank will reimburse her for the COBRA health care cost for her and her dependents through the COBRA period, but not beyond the date she attains age 65.  Upon the close of business on the Transition Date, the employment agreement entered into by and between Ms. Crosby and the Bank, dated as of March 6, 2024 (the “Employment Agreement”), will terminate and be superseded by the Agreement; provided, however, that the post-employment restrictive covenants contained in Section 12 of the Employment Agreement will continue for a period of six months from the Transition Date.  As further consideration for Ms. Crosby entering into the Agreement and adhering to the post-employment restrictive covenants, Ms. Crosby will receive a cash payment of $250,000 in cash in four equal installments of $62,500 on each of December 31, 2026, June 30, 2027, December 31, 2027, and June 30, 2028, as well as a grant of restricted stock equal in value to $250,000 (based on the closing price of the Company’s common stock on the Effective Date), which will vest in four approximately equal installments on each of December 31, 2026, June 30, 2027, December 31, 2027, and June 30, 2028. As Chair of the Bank and the Company, Ms. Crosby will receive board fees and continue to participate in the Fidelity Bank Amended and Restated Director Retirement Plan.

Item 9.01  Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description

10.1 Board Chair Realignment and Retention Agreement, dated April 29, 2026, by and among Katherine A. Crosby, Fidelity Bank and FB Bancorp, Inc.

104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		FB BANCORP, INC.
DATE: May 1, 2026	By:	/s/ Christopher S. Ferris
		Christopher S. Ferris
		President and Chief Executive Officer

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-10 BOARD CHAIR REALIGNMENT AND RETENTION AGREEMENT, DATED APRIL 29, 2026, BY AND AM 38.0 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 22.2 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 16.2 KB