FS BANCORP, INC. (NASDAQ:FSBW) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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FS BANCORP, INC. (NASDAQ:FSBW) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders

(a)

The Annual Meeting of FS Bancorp, Inc. (the "Company") was held on May 17, 2018 ("Annual Meeting").

(b)

There were a total of 3,695,552 shares of the Company's common stock outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 3,350,729 shares of common stock were represented in person or by proxy, therefore, a quorum was present. The following proposals were submitted by the Company's Board of Directors to a vote of shareholders:

Proposal 1. Election of Directors. The following three individuals were elected as directors for three-year terms:

FOR

WITHHELD

BROKER

NON-VOTES

No. of

Votes

Percentage

of

shares

present

No. of

Votes

Percentage

of

shares

present

No. of

votes

Joseph C. Adams

2,651,170

96.8

%

86,701

3.2

%

612,858

Joseph P. Zavaglia

2,647,332

96.7

%

90,539

3.3

%

612,858

Based on the votes set forth above, Joseph C. Adams and Joseph P. Zavaglia were duly elected to serve as directors of the Company for a three-year term expiring at the annual meeting of shareholders in 2021.

The terms of Directors Judith A. Cochrane, Ted A. Leech, Marina Cofer-Wildsmith, Michael J. Mansfield, Margaret R. Piesik and Mark H. Tueffers continued.

Proposal 2. An advisory (non-binding) vote to approve the compensation of the Company's named executive officers. This proposal received the following votes:

For

Against

Abstain

Broker Non-Vote

2,615,138

32,176

90,557

612,858

Based on the votes set forth above, the compensation of the Company's named executive officers was approved by shareholders.

Proposal 3. Adoption of the FS Bancorp, Inc. 2018 Equity Incentive Plan. This proposal received the following votes:

For

Against

Abstain

Broker Non-Vote

2,418,351

283,909

35,611

612,858

Based on the votes set forth above, the adoption of the FS Bancorp, Inc. 2018 Equity Incentive Plan was approved by shareholders.

Proposal 4. Ratification of the appointment of Moss Adams LLP as the Company's independent auditors for the year ending December 31, 2018. This proposal received the following votes:

For

Against

Abstain

Broker Non-Vote

3,306,717

42,210

1,801

N/A

Based on the votes set forth above, the appointment of Moss Adams LLP as the Company's independent auditors to serve for the year ending December 31, 2018 was duly ratified by the shareholders

(c)None.

(d)Not applicable.


About FS BANCORP, INC. (NASDAQ:FSBW)

FS Bancorp, Inc. is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products. The Company operates through the community banking segment. The Bank is a relationship-driven community bank. The Bank offers banking and financial services to local families, local and regional businesses and various industries within distinct Puget Sound area communities. It offers a range of commercial real estate loans, which are secured by income producing properties, including retail centers, warehouses and office buildings located in the market areas. It offers a range of deposit instruments, including checking accounts, money market deposit accounts, savings accounts and certificates of deposit.