First Financial Northwest, Inc. (NASDAQ:FFNW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
First Financial Northwest, Inc. (NASDAQ:FFNW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) Appointment of New Directors
On October 18, 2019, the Board of Directors (“Board”) of First Financial Northwest, Inc. (the “Company”), appointed Mr. Ralph C. Sabin to the Board effective December 1, 2019. Mr. Sabin is also expected to be appointed to the Boards of Directors of the Company’s financial institution subsidiary, First Financial Northwest Bank (“Bank”), and its non-financial institution subsidiary, First Financial Diversified Corporation (“FFD”) later in December 2019. The appointment of Mr. Sabin as a Director of the Company, the Bank and FFD was at the recommendation of the Company’s Nominating and Corporate Governance Committee. Mr. Sabin has not been appointed to serve on any of the Company’s, Bank’s or FFD’s committees. For further information concerning Mr. Sabin’s background, reference is made to the press release dated December 3, 2019, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
There are no family relationships between Mr. Sabin and any director or other executive officer of the Company, the Bank and FFD and Mr. Sabin was not appointed as a director to any arrangement or understanding with any person. Mr. Sabin has not engaged in any transaction with the Company, the Bank or FFD that would be reportable as a related party transaction under the rules of the Securities and Exchange Commission.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
(a) On October 18, 2019, the Company amended its Bylaws to increase the number of directors from six to seven members. A copy of the Company’s Amended and Restated Bylaws are attached hereto as Exhibit 3.2.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
The following exhibits are being furnished herewith and this list shall constitute the exhibit index:
3.2 Amended and Restated Bylaws of First Financial Northwest, Inc.
99.1 Press Release of First Financial Northwest, Inc. dated December 3, 2019.
First Financial Northwest, Inc. Exhibit
EX-3.2 2 ex32bylawamend.htm EXHIBIT 3.2 Exhibit 3.2 AMENDED AND RESTATED BYLAWS OF FIRST FINANCIAL NORTHWEST,…
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EX-3.2 2 ex32bylawamend.htm EXHIBIT 3.2 Exhibit 3.2 AMENDED AND RESTATED BYLAWS OF FIRST FINANCIAL NORTHWEST,…
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About First Financial Northwest, Inc. (NASDAQ:FFNW)
First Financial Northwest, Inc. (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington. The Bank’s business consists of attracting deposits from the public and utilizing these funds to originate one- to four-family residential, multifamily, commercial real estate, construction/land development, business and consumer loans. It focuses on its lending activities primarily on loans secured by commercial real estate, construction/land development, first mortgages on one- to four-family residences, multifamily and business lending. Its investment portfolio consisted principally of mortgage-backed securities, municipal bonds, the United States Government Agency obligations and corporate bonds.
