Timberland Bancorp, Inc. (NASDAQ:TSBK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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Timberland Bancorp, Inc. (NASDAQ:TSBK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Appointment of New Director
On April 25, 2017, Timberland Bancorp, Inc. (the “Company”) and its financial institution subsidiary, Timberland Bank (“Bank”), announced that James A. Davis had been appointed to the Boards of Directors for both the Company and the Bank. His appointment to the Boards for both the Company and the Bank was due to the vacancies that were created by the retirement of James C. Mason. Mr. Davis has significant experience in the technology sector having served in significant capacities with, among others, Sungard Data Systems, Hewlett-Packard, Inc., Apple Computer, Inc., Sun Microsystems, Inc., Digital Equipment Corporation and Burroughs Corporation. For the past eleven years, up until its acquisition by Sterling Talentwise in mid-2016, Mr. Davis was the CEO of Verified Persons, a background verification company. It is not yet known to which committee(s) of the Company or the Bank Mr. Davis will be appointed. For additional information concerning Mr. Davis’s background, please refer to the press release dated April 25, 2017, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
There are no family relationships between Mr. Davis and any director or other executive officer of the Company or the Bank and Mr. Davis was not appointed as a director to any arrangement or understanding with any person. Mr. Davis has not engaged in any transaction with the Company or the Bank that would be reportable as a related party transaction under the rules of the Securities and Exchange Commission.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibit is being furnished herewith and this list shall constitute the exhibit index:
99.1. Press release of Timberland Bancorp, Inc. dated April 25, 2017.


About Timberland Bancorp, Inc. (NASDAQ:TSBK)

Timberland Bancorp, Inc. is the holding company for Timberland Savings Bank, SSB (the Bank). The Bank is a community-oriented bank, which offers a range of savings products to its retail customers while concentrating its lending activities on real estate mortgage loans and commercial business loans. The Bank offers personal banking solutions, business solutions, lending solutions and additional services. The Bank’s principal lending activity consists of the origination of loans secured by first mortgages on owner-occupied, one- to four-family residences, or by commercial real estate and loans for the construction of one- to four-family residences. The Bank offers consumer loans and commercial business loans. The Bank originates both fixed-rate loans and adjustable-rate loans. The Bank also offers adjustable-rate mortgage loans. It originates three types of residential construction loans: custom construction loans, owner/builder construction loans and speculative construction loans.

Timberland Bancorp, Inc. (NASDAQ:TSBK) Recent Trading Information

Timberland Bancorp, Inc. (NASDAQ:TSBK) closed its last trading session up +0.29 at 22.99 with 3,898 shares trading hands.