Scott Dworschak joins IF Bancorp (NASDAQ: IROQ) and bank boards

Rhea-AI Filing Summary

IF Bancorp, Inc. reported that its Board of Directors appointed Scott J. Dworschak to the Company’s Board, effective September 24, 2025. He was also appointed to the Board of Directors of Iroquois Federal Savings and Loan Association, the Company’s wholly owned banking subsidiary. The filing notes that his committee assignments have not yet been finalized.

The appointment of Mr. Dworschak was made under a previously disclosed Standstill Agreement among the Company and a group of Stilwell-related investment entities and individuals, including Mr. Dworschak. The Company states that he is not involved in any transactions requiring related-party disclosure and will receive the standard compensation provided to non-employee directors, as described in IF Bancorp’s proxy statement for its 2024 annual meeting.

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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): September 24, 2025

IF BANCORP, INC.

(Exact Name of Registrant as Specified in Charter)

Maryland		001-35226		45-1834449
(State or Other Jurisdiction of Incorporation)		(Commission File No.)		(I.R.S. Employer Identification No.)

201 East Cherry Street, Watseka, Illinois		60970
(Address of Principal Executive Offices)		(Zip Code)

Registrant's telephone number, including area code: (815) 432-2476

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 (see General Instruction A.2. below):

☐	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		IROQ		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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(d)   On September 24, 2025, the Board of Directors of IF Bancorp, Inc. (the “Company”) appointed Scott J. Dworschak to the Company’s Board of Directors, effective immediately.  As of the date of this filing, Mr. Dworschak’s committee appointments have not yet been finalized. Mr. Dworschak was also appointed to the Board of Directors of Iroquois Federal Savings and Loan Association (the “Bank”), the Company’s wholly owned subsidiary.

Mr. Dworschak’s appointments were made pursuant to a previously disclosed Standstill Agreement, entered into by the Company with Stilwell Activist Fund, L.P., Stilwell Activist Investments, L.P., Stilwell Partners, L.P., Stilwell Value LLC, Joseph Stilwell and Mr. Dworschak.

Mr. Dworschak is not a party to any transaction with the Company or the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K.  Mr. Dworschak will receive the standard compensatory arrangements that the Company currently provides its non-employee directors, as described in the Company’s proxy statement for its 2024 Annual Meeting of Stockholders, as filed with the Securities and Exchange Commission on October 16, 2024.

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.

		IF BANCORP, INC.
DATE: September 26, 2025	By:	/s/ Walter H. Hasselbring, III
		Walter H. Hasselbring, III
		Chief Executive Officer

FAQ

What board change did IF Bancorp, Inc. (IROQ) disclose in this 8-K?

IF Bancorp, Inc. disclosed that Scott J. Dworschak was appointed to its Board of Directors, effective September 24, 2025. He was also appointed to the Board of Iroquois Federal Savings and Loan Association, the Company’s wholly owned subsidiary.

When was Scott J. Dworschak appointed to the IF Bancorp (IROQ) board?

Scott J. Dworschak was appointed to the Board of Directors of IF Bancorp, Inc. effective September 24, 2025, as reported in the filing.

How is the Stilwell group involved in IF Bancorp’s new director appointment?

The filing states that Mr. Dworschak’s appointments were made pursuant to a previously disclosed Standstill Agreement between IF Bancorp and several Stilwell-related entities and individuals, including Stilwell Activist Fund, L.P. and Joseph Stilwell.

Will Scott J. Dworschak receive special compensation from IF Bancorp (IROQ)?

According to the filing, Mr. Dworschak will receive the standard compensatory arrangements that IF Bancorp provides its non-employee directors, as described in the Company’s proxy statement for its 2024 Annual Meeting of Stockholders.

Are there any related-party transactions involving Scott J. Dworschak and IF Bancorp?

The Company states that Mr. Dworschak is not a party to any transaction with IF Bancorp or Iroquois Federal Savings and Loan Association that would require disclosure under Item 404(a) of Regulation S-K.

Have committee assignments been set for Scott J. Dworschak at IF Bancorp?

The filing explains that as of the date of the report, Mr. Dworschak’s committee appointments had not yet been finalized.