UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 13, 2020

FS BANCORP, INC.

(Exact name of registrant as specified in its charter)

Washington	001-35589	45-4585178
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

6920 220th Street SW Mountlake Terrace, Washington	98043
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (425) 771-5299

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $.01 per share		FSBW		The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

Item 8.01 Other Events

On October 13, 2020, 1st Security Bank of Washington (“Bank”), the wholy-owned subsidiary of FS Bancorp, Inc. announced that Lisa Cleary had accepted the position of Chief Operating Officer of the Bank. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are being filed herewith:

Exhibit No.		Description
99.1		Press release of FS Bancorp, Inc. dated October 13, 2020
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: October 13, 2020	FS BANCORP, INC.

	/s/ Matthew D. Mullet
	Matthew D. Mullet
	Chief Financial Officer

Exhibit 99.1

1st Security Bank Announces the Hiring of Lisa Cleary as the Bank’s

Chief Operating Officer

MOUNTLAKE TERRACE, Wash. – October 13, 2020 – 1st Security Bank of Washington (“the Bank”) is pleased to announce that Lisa Cleary has accepted the position of Chief Operating Officer.

With over 20 years of banking and leadership experience, Ms. Cleary brings a high level of expertise and accomplishment to 1st Security Bank. After beginning her career in branch banking, she went on to hold a variety of key positions, such as AVP and Loan Operations Manager, VP and Small Business Administration Assistant Manager, and SVP and Credit Administrator at banks in the Puget Sound region. First Sound Bank appointed her EVP and Chief Credit Officer in 2017.

Ms. Cleary holds a Bachelor’s of Business Administration degree from the University of Alaska Fairbanks, with a specialty in management and organizations. Her other educational milestones include graduating top of her class in the 2009-2010 Washington Bankers Executive Development Program, and graduating with honors from the Pacific Coast Banking School in 2013. She has been an active member of the American Bankers Association Emerging Leaders Committee since 2018, and the Washington Bankers Emerging Leaders Committee since 2017.

“It is rare to find someone with Lisa’s breadth of banking and managerial experience.” says Joe Adams, the Bank’s CEO. “Lisa is also a perfect fit for our ‘Smart, Driven, Nice’ employee centric culture. We can’t wait to get her on board.”

Passionate about travel, Lisa took a year off to explore the world with her husband, visiting six continents and 15 countries. She has a deep interest in learning about different cultures, food and history. When not at work or traveling, she loves getting outdoors, especially hiking in the Pacific Northwest, and enjoys spending time with friends and family.

###

ABOUT 1ST SECURITY BANK OF WASHINGTON

1st Security Bank of Washington, member FDIC and Equal Housing Lender, provides loan and deposit services to customers at its 21 branches, and mortgage services at each branch as well as lending offices in the greater Puget Sound area and the Tri-Cities. FS Bancorp, Inc., (Nasdaq: FSBW) a Washington corporation, is the holding company for the bank.

MEDIA CONTACTS

Donna Jacobson

Director of Marketing, 1st Security Bank

P: 425.697.8086

E: donna.jacobson@fsbwa.com

Document and Entity Information	Oct. 13, 2020
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 13, 2020
Entity Registrant Name	FS BANCORP, INC.
Entity Incorporation, State or Country Code	WA
Entity File Number	001-35589
Entity Tax Identification Number	45-4585178
Entity Address, Address Line One	6920 220th Street SW
Entity Address, Address Line Two
Entity Address, City or Town	Mountlake Terrace
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98043
City Area Code	425
Local Phone Number	771-5299
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001530249
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	FSBW
Security Exchange Name	NASDAQ