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.
Inc. (the “Company”) voted to increase the size of the Board
from seven to eight members and appointed Kathy D. Leodler as a
director of the Company effective May 30, 2017. The Board
committees to which Ms. Leodler will be appointed have not yet
been determined. Ms. Leolder was also appointed to serve as a
director of Timberland Bank (the “Bank”), the Company’s
financial institution subsidiary effective May 30, 2017.
law enforcement career as an FBI Special Agent and executive
leader and she currently serves as the Chief Executive Officer.
The Rampart Group LLC is a business consulting company based in
Seattle, Washington that employs private industry experts and law
enforcement personnel to advise and provide security and
investigation services to businesses and individuals. These
services include consulting, personal security, safeguarding of
assets, supply chain security risk management and mitigation,
crisis management, business continuity, compliance audits and
training and various investigative initiatives.
positions including serving as Acting Special Agent in charge of
one of the FBI’s top 12 U.S. based field offices. She maintained
the highest-level national security clearance and for a time
served as an FBI Inspector responsible for auditing FBI field
offices and headquarters divisions to ensure best practices were
followed and that business operations functioned at the highest
level. Ms. Leodler is also trained and proficient in crisis
management response, strategic and operational planning and
conducting threat assessments.
director or other executive officer of the Company or the Bank
and Ms. Leodler was not appointed as a director to any
arrangement or understanding with any person. Ms. Leodler has not
engaged in any transaction with the Company or the Bank that
would be reportable as a related party transaction under Item
404(a) of Securities and Exchange Commission Regulation S-K.
please refer to the press release dated May 31, 2017, which is
attached hereto as Exhibit 99.1 and incorporated herein by
reference.
Change in Fiscal Year.
Article III of the Company’s Bylaws to increase the size of the
Board from seven to eight members. A copy of the Company’s
Amended and Restated Bylaws is attached as an exhibit to this
report.
size of its Board of Directors from seven to eight members.
shall constitute the exhibit index:
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Exhibit
Number
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Description
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3.2
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Amended and Restated Bylaws of Timberland Bancorp, Inc.
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99.1
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Press release of Timberland Bancorp, Inc. dated May 31,
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 down -0.38 at 22.34 with 20,244 shares trading hands.