STOCK TITAN

[8-K] First Northwest Bancorp Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Form 8-K – Director Appointment

On 23 Jul 2025, First Northwest Bancorp ("FNWB") and subsidiary First Fed Bank elected Diane C. Davis to their Boards effective immediately. Her term runs until the 2026 Annual Meeting, when she is expected to stand for re-election.

  • The Board determined Ms. Davis meets NASDAQ/SEC independence standards.
  • Committee assignments: Nominating & Corporate Governance Committees (Company and Bank) and First Fed Board Loan Committee.
  • No related-party transactions or family relationships were reported.
  • 2025 director cash compensation: $36,530 annual retainer plus $2,800 for each standing committee; paid monthly; no meeting fees.
  • Equity grant: common stock valued at $50,000 (priced 6 Sep 2025) vesting in three equal annual tranches beginning 7 Sep 2026.

The filing is limited to governance matters; it contains no financial results, guidance, or strategic transaction disclosures.

Modulo 8-K – Nomina di un Direttore

Il 23 luglio 2025, First Northwest Bancorp ("FNWB") e la sua controllata First Fed Bank hanno nominato Diane C. Davis nei rispettivi Consigli di Amministrazione con effetto immediato. Il suo mandato durerà fino all'Assemblea Annuale del 2026, quando è previsto che si ricandidi.

  • Il Consiglio ha stabilito che la Sig.ra Davis soddisfa gli standard di indipendenza richiesti da NASDAQ/SEC.
  • Incarichi nei comitati: Comitato di Nomina e Governance Aziendale (sia per la Società che per la Banca) e Comitato Prestiti del Consiglio di First Fed.
  • Non sono state segnalate transazioni con parti correlate né rapporti familiari.
  • Compenso in denaro per il direttore nel 2025: un compenso annuale di 36.530 dollari più 2.800 dollari per ogni comitato permanente; il pagamento avviene mensilmente; non sono previsti compensi per le riunioni.
  • Concessione di azioni: azioni ordinarie del valore di 50.000 dollari (prezzo al 6 settembre 2025) con maturazione in tre tranche annuali uguali a partire dal 7 settembre 2026.

La comunicazione riguarda esclusivamente questioni di governance; non contiene risultati finanziari, previsioni o informazioni su operazioni strategiche.

Formulario 8-K – Nombramiento de Directora

El 23 de julio de 2025, First Northwest Bancorp ("FNWB") y su subsidiaria First Fed Bank eligieron a Diane C. Davis para sus juntas directivas con efecto inmediato. Su mandato se extiende hasta la Asamblea Anual de 2026, cuando se espera que se postule para la reelección.

  • La Junta determinó que la Sra. Davis cumple con los estándares de independencia de NASDAQ/SEC.
  • Asignaciones en comités: Comités de Nominación y Gobernanza Corporativa (de la Compañía y del Banco) y Comité de Préstamos de la Junta de First Fed.
  • No se reportaron transacciones con partes relacionadas ni relaciones familiares.
  • Compensación en efectivo para director en 2025: retención anual de $36,530 más $2,800 por cada comité permanente; pagado mensualmente; no hay honorarios por reuniones.
  • Concesión de acciones: acciones ordinarias valoradas en $50,000 (valoradas al 6 de septiembre de 2025) con vesting en tres partes iguales anuales a partir del 7 de septiembre de 2026.

El informe se limita a asuntos de gobernanza; no contiene resultados financieros, proyecciones ni divulgaciones de transacciones estratégicas.

Form 8-K – 이사 임명

2025년 7월 23일, First Northwest Bancorp("FNWB")와 자회사 First Fed Bank는 Diane C. Davis를 즉시 효력 발생하는 이사회 멤버로 선임했습니다. 그녀의 임기는 2026년 연례 총회까지이며, 그때 재선에 출마할 예정입니다.

  • 이사회는 Davis 씨가 NASDAQ/SEC의 독립성 기준을 충족한다고 판단했습니다.
  • 위원회 배정: 지명 및 기업 지배구조 위원회(회사 및 은행)와 First Fed 이사회 대출 위원회.
  • 관련 당사자 거래나 가족 관계는 보고되지 않았습니다.
  • 2025년 이사 현금 보수: 연간 보수 $36,530 및 각 상설 위원회별 $2,800; 월별 지급; 회의 수당 없음.
  • 주식 부여: 2025년 9월 6일 기준 가치 $50,000의 보통주, 2026년 9월 7일부터 3년간 매년 동일한 비율로 권리 확정.

이 공시는 지배구조 관련 사항에 한정되며, 재무 결과, 예상치 또는 전략적 거래 공개는 포함하지 않습니다.

Formulaire 8-K – Nomination d'un Administrateur

Le 23 juillet 2025, First Northwest Bancorp ("FNWB") et sa filiale First Fed Bank ont nommé Diane C. Davis à leurs conseils d'administration avec effet immédiat. Son mandat court jusqu'à l'assemblée annuelle de 2026, où elle devrait se représenter.

  • Le conseil a déterminé que Mme Davis répond aux critères d'indépendance du NASDAQ/SEC.
  • Attributions aux comités : Comités de nomination et de gouvernance d'entreprise (société et banque) et Comité des prêts du conseil de First Fed.
  • Aucune transaction avec des parties liées ni relation familiale n'a été signalée.
  • Rémunération en espèces pour 2025 : un honoraire annuel de 36 530 $ plus 2 800 $ pour chaque comité permanent ; payé mensuellement ; pas de frais de réunion.
  • Attribution d'actions : actions ordinaires d'une valeur de 50 000 $ (évaluées au 6 septembre 2025) acquises en trois tranches annuelles égales à partir du 7 septembre 2026.

Le dépôt se limite aux questions de gouvernance ; il ne contient pas de résultats financiers, de prévisions ni de divulgations de transactions stratégiques.

Formular 8-K – Ernennung eines Direktors

Am 23. Juli 2025 haben First Northwest Bancorp ("FNWB") und die Tochtergesellschaft First Fed Bank Diane C. Davis mit sofortiger Wirkung in ihre Vorstände berufen. Ihre Amtszeit läuft bis zur Hauptversammlung 2026, bei der sie voraussichtlich zur Wiederwahl antritt.

  • Der Vorstand stellte fest, dass Frau Davis die NASDAQ/SEC-Standards für Unabhängigkeit erfüllt.
  • Ausschusszuweisungen: Nominierungs- und Corporate-Governance-Ausschüsse (Unternehmen und Bank) sowie First Fed Board Loan Committee.
  • Es wurden keine Transaktionen mit verbundenen Parteien oder familiäre Beziehungen gemeldet.
  • Bargeldvergütung für Direktoren 2025: 36.530 USD Jahresvergütung plus 2.800 USD für jeden ständigen Ausschuss; monatliche Zahlung; keine Sitzungsgelder.
  • Aktienzuteilung: Stammaktien im Wert von 50.000 USD (Bewertung am 6. September 2025), vesting in drei gleichen jährlichen Tranchen ab dem 7. September 2026.

Die Meldung beschränkt sich auf Governance-Themen; sie enthält keine Finanzzahlen, Prognosen oder Angaben zu strategischen Transaktionen.

Positive
  • Election of independent director Diane C. Davis strengthens board oversight and aligns with NASDAQ governance standards.
Negative
  • None.

Insights

TL;DR: New independent director modestly enhances governance; financial impact immaterial.

Davis’ appointment fulfills independence criteria and diversifies committee membership, a positive signal for shareholders seeking robust oversight. Compensation aligns with peer norms and is unlikely to affect financials. Absence of related-party dealings mitigates potential conflicts. Overall, the event is governance-positive but not financially material.

TL;DR: Board refresh welcomed; no change to investment thesis.

Adding an experienced, independent voice can incrementally reduce governance risk, yet does not alter earnings outlook or capital allocation. Stock award dilution is de minimis (<0.1% of shares). I view the news as neutral for valuation and would not adjust position sizing.

Modulo 8-K – Nomina di un Direttore

Il 23 luglio 2025, First Northwest Bancorp ("FNWB") e la sua controllata First Fed Bank hanno nominato Diane C. Davis nei rispettivi Consigli di Amministrazione con effetto immediato. Il suo mandato durerà fino all'Assemblea Annuale del 2026, quando è previsto che si ricandidi.

  • Il Consiglio ha stabilito che la Sig.ra Davis soddisfa gli standard di indipendenza richiesti da NASDAQ/SEC.
  • Incarichi nei comitati: Comitato di Nomina e Governance Aziendale (sia per la Società che per la Banca) e Comitato Prestiti del Consiglio di First Fed.
  • Non sono state segnalate transazioni con parti correlate né rapporti familiari.
  • Compenso in denaro per il direttore nel 2025: un compenso annuale di 36.530 dollari più 2.800 dollari per ogni comitato permanente; il pagamento avviene mensilmente; non sono previsti compensi per le riunioni.
  • Concessione di azioni: azioni ordinarie del valore di 50.000 dollari (prezzo al 6 settembre 2025) con maturazione in tre tranche annuali uguali a partire dal 7 settembre 2026.

La comunicazione riguarda esclusivamente questioni di governance; non contiene risultati finanziari, previsioni o informazioni su operazioni strategiche.

Formulario 8-K – Nombramiento de Directora

El 23 de julio de 2025, First Northwest Bancorp ("FNWB") y su subsidiaria First Fed Bank eligieron a Diane C. Davis para sus juntas directivas con efecto inmediato. Su mandato se extiende hasta la Asamblea Anual de 2026, cuando se espera que se postule para la reelección.

  • La Junta determinó que la Sra. Davis cumple con los estándares de independencia de NASDAQ/SEC.
  • Asignaciones en comités: Comités de Nominación y Gobernanza Corporativa (de la Compañía y del Banco) y Comité de Préstamos de la Junta de First Fed.
  • No se reportaron transacciones con partes relacionadas ni relaciones familiares.
  • Compensación en efectivo para director en 2025: retención anual de $36,530 más $2,800 por cada comité permanente; pagado mensualmente; no hay honorarios por reuniones.
  • Concesión de acciones: acciones ordinarias valoradas en $50,000 (valoradas al 6 de septiembre de 2025) con vesting en tres partes iguales anuales a partir del 7 de septiembre de 2026.

El informe se limita a asuntos de gobernanza; no contiene resultados financieros, proyecciones ni divulgaciones de transacciones estratégicas.

Form 8-K – 이사 임명

2025년 7월 23일, First Northwest Bancorp("FNWB")와 자회사 First Fed Bank는 Diane C. Davis를 즉시 효력 발생하는 이사회 멤버로 선임했습니다. 그녀의 임기는 2026년 연례 총회까지이며, 그때 재선에 출마할 예정입니다.

  • 이사회는 Davis 씨가 NASDAQ/SEC의 독립성 기준을 충족한다고 판단했습니다.
  • 위원회 배정: 지명 및 기업 지배구조 위원회(회사 및 은행)와 First Fed 이사회 대출 위원회.
  • 관련 당사자 거래나 가족 관계는 보고되지 않았습니다.
  • 2025년 이사 현금 보수: 연간 보수 $36,530 및 각 상설 위원회별 $2,800; 월별 지급; 회의 수당 없음.
  • 주식 부여: 2025년 9월 6일 기준 가치 $50,000의 보통주, 2026년 9월 7일부터 3년간 매년 동일한 비율로 권리 확정.

이 공시는 지배구조 관련 사항에 한정되며, 재무 결과, 예상치 또는 전략적 거래 공개는 포함하지 않습니다.

Formulaire 8-K – Nomination d'un Administrateur

Le 23 juillet 2025, First Northwest Bancorp ("FNWB") et sa filiale First Fed Bank ont nommé Diane C. Davis à leurs conseils d'administration avec effet immédiat. Son mandat court jusqu'à l'assemblée annuelle de 2026, où elle devrait se représenter.

  • Le conseil a déterminé que Mme Davis répond aux critères d'indépendance du NASDAQ/SEC.
  • Attributions aux comités : Comités de nomination et de gouvernance d'entreprise (société et banque) et Comité des prêts du conseil de First Fed.
  • Aucune transaction avec des parties liées ni relation familiale n'a été signalée.
  • Rémunération en espèces pour 2025 : un honoraire annuel de 36 530 $ plus 2 800 $ pour chaque comité permanent ; payé mensuellement ; pas de frais de réunion.
  • Attribution d'actions : actions ordinaires d'une valeur de 50 000 $ (évaluées au 6 septembre 2025) acquises en trois tranches annuelles égales à partir du 7 septembre 2026.

Le dépôt se limite aux questions de gouvernance ; il ne contient pas de résultats financiers, de prévisions ni de divulgations de transactions stratégiques.

Formular 8-K – Ernennung eines Direktors

Am 23. Juli 2025 haben First Northwest Bancorp ("FNWB") und die Tochtergesellschaft First Fed Bank Diane C. Davis mit sofortiger Wirkung in ihre Vorstände berufen. Ihre Amtszeit läuft bis zur Hauptversammlung 2026, bei der sie voraussichtlich zur Wiederwahl antritt.

  • Der Vorstand stellte fest, dass Frau Davis die NASDAQ/SEC-Standards für Unabhängigkeit erfüllt.
  • Ausschusszuweisungen: Nominierungs- und Corporate-Governance-Ausschüsse (Unternehmen und Bank) sowie First Fed Board Loan Committee.
  • Es wurden keine Transaktionen mit verbundenen Parteien oder familiäre Beziehungen gemeldet.
  • Bargeldvergütung für Direktoren 2025: 36.530 USD Jahresvergütung plus 2.800 USD für jeden ständigen Ausschuss; monatliche Zahlung; keine Sitzungsgelder.
  • Aktienzuteilung: Stammaktien im Wert von 50.000 USD (Bewertung am 6. September 2025), vesting in drei gleichen jährlichen Tranchen ab dem 7. September 2026.

Die Meldung beschränkt sich auf Governance-Themen; sie enthält keine Finanzzahlen, Prognosen oder Angaben zu strategischen Transaktionen.

false 0001556727 0001556727 2025-07-22 2025-07-22
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): July 22, 2025
 
FIRST NORTHWEST BANCORP
(Exact name of registrant as specified in its charter)
 
 
         
Washington
 
001-36741
 
46-1259100
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)
 
 
   
105 West 8th Street, Port Angeles, Washington
98362
(Address of principal executive offices)
(Zip Code)
 
(360) 457-0461
 
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:
 
Title of each class:
 
Trading Symbol(s):
 
Name of each exchange on which registered:
Common Stock, par value $0.01 per share
 
FNWB
 
The Nasdaq Stock Market LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
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 Principal Officers; Election of Directors; Appointment of Principal Officers
 
On July 23, 2025, the Boards of Directors of First Northwest Bancorp (the "Company") and its banking subsidiary, First Fed Bank ("First Fed"), announced approval of the election of Diane C. Davis as a Director.
 
Ms. Davis’ term as a Director of the Company is effective immediately and will continue until the 2026 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. Davis meets the requirements for director independence under the listing standards of The NASDAQ Stock Market LLC and applicable rules of the Securities and Exchange Commission. Ms. Davis was appointed to serve on the Nominating and Corporate Governance Committee for both the Company and First Fed. She was also appointed to serve on the Board Loan Committee for First Fed.
 
There are no transactions in which Ms. Davis has an interest requiring disclosure under Item 404(a) of Regulation S-K. There are no family relationships between Ms. Davis 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. Davis and any other persons or entities pursuant to which Ms. Davis will be elected as a Director of the Company.
 
Ms. Davis will receive compensation for her services as a Director consistent with the Company’s standard practices for non-employee (outside) Directors. For 2025, outside Directors receive an annual retainer of $36,530. Annual retainers for committee service are $4,800 for the Audit Committee and $2,800 for each other standing committee of the Company. All retainers are paid in equal monthly installments. The Chair and committee chairs receive additional annual retainers. Directors do not receive a fee for meeting attendance. Ms. Davis will receive shares of the Company’s common stock equivalent in value to $50,000 (based on the closing market price on September 6, 2025), vesting in three equal annual installments beginning September 7, 2026. No additional compensation is paid to Directors for service on the First Fed Board.
 
A copy of the press release issued by the Company on July 23, 2025, regarding the foregoing is filed as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.
 
Item 9.01
Financial Statements and Exhibits
 
Exhibit No.
Description
99.1
Press Release dated July 23, 2025
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
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.
 
 
     
   
FIRST NORTHWEST BANCORP
     
     
Date:
July 23, 2025
/s/Geraldine L. Bullard                             
    Geraldine L. Bullard
   
Interim Chief Executive Officer, Chief Operating Officer, and Executive Vice President
 

FAQ

What did First Northwest Bancorp (FNWB) announce in its July 23 2025 Form 8-K?

The company elected Diane C. Davis as an independent director effective immediately.

How long will Diane C. Davis serve before re-election?

Her current term runs until the 2026 Annual Meeting of Shareholders.

What committees will Ms. Davis join at FNWB and First Fed Bank?

She will serve on the Nominating & Corporate Governance Committees and First Fed’s Board Loan Committee.

What compensation will Ms. Davis receive for board service?

Cash: $36,530 annual retainer plus $2,800 per committee. Equity: $50,000 in stock vesting over three years from 7 Sep 2026.

Are there any related-party transactions involving Ms. Davis?

No. The filing states no transactions requiring disclosure under Item 404(a) and no family relationships.
First Northwest

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