Filing Analysis
Waterstone Financial, Inc. announced that its Board of Directors has declared a regular quarterly dividend on outstanding shares of common stock.
📋 Key Facts
- Declaration date: December 19, 2024
- Event type: Regular quarterly dividend declaration
- Ticker: WSBF (NASDAQ)
Waterstone Financial, Inc. filed an 8-K to announce its financial results for the quarter and nine months ended September 30, 2024.
📋 Key Facts
- The filing was made on October 22, 2024.
- The report covers financial results for the period ending September 30, 2024.
- A press release containing the results was issued as Exhibit 99.1.
Waterstone Financial, Inc. announced that its Board of Directors has declared a regular quarterly dividend for shareholders.
📋 Key Facts
- The Board of Directors declared a regular quarterly dividend on September 24, 2024.
- The announcement was made via an 8-K filing under Item 8.01 (Results of Operations and Financial Condition).
- Dividend details are contained in the attached press release (Exhibit 99.1).
Waterstone Financial, Inc. filed an 8-K to announce its financial results for the quarter and six months ended June 30, 2024.
📋 Key Facts
- Report date: July 25, 2024
- Period covered: Quarter and six months ended June 30, 2024
- The filing serves to furnish the press release containing financial results as Exhibit 99.1.
Waterstone Financial, Inc. announced that its Board of Directors declared a regular quarterly dividend on June 18, 2024.
📋 Key Facts
- Board of Directors declared a regular quarterly dividend on June 18, 2024.
- The announcement was made via Item 8.01 (Results of Operations and Financial Condition).
- Dividend details are contained in the attached press release (Exhibit 99.1).
Waterstone Financial, Inc. held its 2024 Annual Meeting of Shareholders on May 21, 2024. The meeting resulted in the election of two directors and the ratification of FORVIS, LLP as the company's independent auditor.
📋 Key Facts
- Annual Meeting held on May 21, 2024.
- Douglas S. Gordon elected to the Board of Directors (12,629,507 votes 'For').
- Patrick S. Lawton elected to the Board of Directors (12,441,383 votes 'For').
- FORVIS, LLP ratified as independent registered public accounting firm for the year ending Dec 31, 2024.
- Shareholders approved executive compensation in a non-binding advisory vote.
- Record date for voting was March 27, 2024, with 19,916,843 shares eligible to vote.
Waterstone Financial, Inc. filed an 8-K to announce its quarterly financial results for the period ended March 31, 2024.
📋 Key Facts
- The filing was made on April 30, 2024.
- The report pertains to Item 2.02: Results of Operations and Financial Condition.
- A press release containing the financial results was issued as Exhibit 99.1.
Waterstone Financial, Inc. announced the entry into an employment agreement with Jeffrey McGuiness as President and CEO of its subsidiary, Waterstone Mortgage Corporation, effective April 24, 2024.
🚩 Red Flags
- The filing is categorized under Item 5.02 (Departure/Appointment), but the text focuses on an appointment; however, the presence of significant severance/acceleration clauses in micro-cap agreements can sometimes be a point of scrutiny for shareholder alignment.
📋 Key Facts
- Jeffrey McGuiness appointed as President and CEO of Waterstone Mortgage Corporation.
- Employment term runs from April 24, 2024, through December 31, 2026.
- Annual base salary is set at $450,000, subject to annual review.
- Incentive compensation includes eligibility for an annual cash bonus and a grant of 30,000 stock options vesting in equal installments through December 31, 2026.
- Severance provisions include one year's base salary if terminated without 'good cause' or by the employee for 'good reason'.
- Agreement includes two-year non-solicitation and confidentiality covenants post-termination.
Waterstone Financial, Inc. announced that its Board of Directors has authorized an additional repurchase of up to 2,000,000 shares of common stock. This increases the total available shares for repurchase under the existing program to 2,224,852 shares.
📋 Key Facts
- Board authorized repurchase of up to 2,000,000 additional shares on April 23, 2024.
- Total available shares for repurchase under the program now stands at 2,224,852 shares.
- The authorization is part of an existing share repurchase program.
Waterstone Financial, Inc. announced that its Board of Directors declared a regular quarterly dividend on March 21, 2024.
📋 Key Facts
- The Board of Directors declared a regular quarterly dividend on the Company's outstanding shares of common stock.
- Declaration date: March 21, 2024.
- Filing date: March 22, 2024.
Waterstone Financial, Inc. filed an 8-K to announce its financial results for the quarter and twelve months ended December 31, 2023.
📋 Key Facts
- Report date: January 30, 2024
- Reporting period covered: Quarter and twelve months ended December 31, 2023
- The filing includes a press release (Exhibit 99.1) detailing financial results.