STOCK TITAN

Waterstone Financial director Tyus to resign Oct. 20

Tyus had served on Waterstone Financial’s Audit and Compensation Committees and WaterStone Bank SSB’s Executive Committee after joining the boards in 2021.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

Waterstone Financial, Inc. (WSBF), the holding company for WaterStone Bank SSB, announced that director Derek L. Tyus resigned from the boards of both organizations, effective October 20, 2026. The company said Tyus is leaving because of a new professional commitment and that his resignation did not result from any disagreement about the organizations’ operations, policies or practices.

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.
Resignation effective date October 20, 2026 Derek L. Tyus’s resignation from the company and bank boards
Year Tyus joined the boards 2021 Waterstone Financial and WaterStone Bank SSB
Bank branch locations 14 locations Across southeastern Wisconsin
Mortgage company licensing 48 states WaterStone Mortgage Corporation
Bank established 1921 WaterStone Bank SSB
savings and loan holding company financial
"is the savings and loan holding company for WaterStone Bank"
Audit Committee financial
"served on the Audit and Compensation Committees"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Compensation Committee financial
"served on the Audit and Compensation Committees"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
Executive Committee financial
"the Executive Committee of the Bank Board"
An executive committee is a small group of top leaders within an organization responsible for making important decisions and setting strategic direction. Think of it as the company's steering team, guiding the overall course and ensuring management actions align with long-term goals. For investors, understanding the executive committee helps gauge how decisions are made at the highest level and how leadership might influence the company's future performance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Derek L. Tyus’s resignation from WSBF’s board take effect?

Derek L. Tyus’s resignation from the boards of Waterstone Financial and WaterStone Bank SSB is effective October 20, 2026. The company said he is leaving because of a new professional commitment.

Why did Derek L. Tyus resign from WSBF’s board?

Derek L. Tyus resigned because of a new professional commitment. The company said the resignation did not result from any disagreement about its or the bank’s operations, policies or practices.

Which committees did Derek L. Tyus serve on at WSBF and WaterStone Bank?

Tyus served on Waterstone Financial’s Audit and Compensation Committees and WaterStone Bank SSB’s Executive Committee. He joined the boards in 2021.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
false 0001569994 0001569994 2026-10-16 2026-10-16


 
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): October 16, 2026
 
Waterstone Financial, Inc.
 
(Exact name of registrant as specified in its charter)
 
Maryland 001-36271 90-1026709
(State or other jurisdiction of
incorporation)
(Commission File
Number)
(I.R.S. Employer Identification No.)
 
11200 W Plank Ct, Wauwatosa, Wisconsin 53226
(Address of principal executive offices)
414-761-1000
Registrant’s telephone number, including area code:
Not Applicable
Former name or former address, if changed since last report
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class   Trading Symbol   Name of each exchange on which registered
Common Stock, $0.01 Par Value   WSBF   The NASDAQ Stock Market, LLC
 
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))
 
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 and 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 October 16, 2026, Waterstone Financial, Inc. (the “Company”) (NASDAQ: WSBF), the holding company for WaterStone Bank SSB (the “Bank”), announced today that Derek L. Tyus has resigned from the Boards of Directors of the Company and the Bank, effective October 20, 2026. Mr. Tyus is stepping down because of a new professional commitment. His resignation did not result from any disagreement with the Company or Bank on any matter relating to their operations, policies or practices.  Mr. Tyus joined the Boards in 2021 and served on the Audit and Compensation Committees of the Company Board and the Executive Committee of the Bank Board.
 
Item 9.01 Financial Statements and Exhibits
 
Exhibits
 
Exhibit No. Description
   
99.1 Press release of Waterstone Financial, Inc. issued October 16, 2026.
   
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.
 
 
    Waterstone Financial, Inc.  
       
Date: October 16, 2026   /s/ William F. Bruss  
    Name:    William F. Bruss  
    Title:    Chief Executive Officer  
 
 

 
EXHIBIT INDEX
 
 
 
Exhibit No. Description
   
99.1 Press release of Waterstone Financial, Inc. issued October 16, 2026
   
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 

Exhibit 99.1

Contact:

WATERSTONE FINANCIAL, INC. Mark R. Gerke
WATERSTONE BANK Chief Financial Officer
11200 W. PLANK CT. 414.459.4012
WAUWATOSA, WI 53226 markgerke@wsbonline.com

 

 

FOR IMMEDIATE RELEASE

 

 

 

 

 

 

WATERSTONE FINANCIAL ANNOUNCES RESIGNATION OF DIRECTOR DEREK TYUS

 

Wauwatosa, Wis. — 10/16/2026  —  Waterstone Financial, Inc. (the “Company”) (NASDAQ: WSBF), the holding company for WaterStone Bank SSB (the “Bank”), announced today that Derek L. Tyus has resigned from the Boards of Directors of the Company and the Bank, effective October 20, 2026. Mr. Tyus is stepping down because of a new professional commitment. His resignation did not result from any disagreement with the Company or Bank on any matter relating to their operations, policies or practices.  Mr. Tyus joined the Boards in 2021 and served on the Audit and Compensation Committees of the Company Board and the Executive Committee of the Bank Board.

 

"On behalf of the Board and the entire WaterStone family, I want to thank Derek for his service," said Patrick S. Lawton, Chairman. "His financial expertise, thoughtful perspective and commitment to our communities have made a real difference to this organization. We wish him every success in his next chapter."

 

About Waterstone Financial, Inc:

 

Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank, a community-focused financial institution established in 1921. WaterStone Bank offers a comprehensive suite of personal and business banking products and operates 14 branch locations across southeastern Wisconsin. WaterStone Bank is also the parent company of WaterStone Mortgage Corporation, a national lender licensed in 48 states.

 

With a long-standing commitment to innovation, integrity, and community service, Waterstone Financial, Inc. supports the financial and homeownership goals of customers nationwide.

 

For more information about WaterStone Bank, visit wsbonline.com.

 

 

# # #

 

 

Filing Exhibits & Attachments

5 documents

Keep reading