Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(b) On January 24, 2022, Timberland Bancorp, Inc. (the "Company") and its
wholly-owned subsidiary, Timberland Bank (the "Bank") announced that, effective
January 24, 2022, Michael Sand will begin preparing for his transition into
retirement from his position as President and Chief Executive Officer of both
the Company and the Bank. Mr. Sand plans to retire on January 24, 2023 and
plans to continue to serve on the Boards of Directors of both the Company and
the Bank after his retirement.
(c) Effective January 24, 2022, Executive Vice President and Chief
Financial Officer Dean Brydon will be promoted to the position of President for
both the Company and the Bank. Mr. Brydon, age 55, currently holds the position
of Executive Vice President and Chief Financial Officer of the Company, a
position that he has held since January 2000. Mr. Brydon will continue to hold
the position of Chief Financial Officer until January 2023. As a result of Mr.
Brydon's promotion, additional promotions will be made to fill Mr. Brydon's
current positions. These promotions are as follows:
Marci Basich, age 53, who currently holds the position of Treasurer, will be
promoted to Chief Financial Officer of the Company and the Bank in January
2023. Ms. Basich has been affiliated with the Bank since 1999 and has served as
Treasurer of the Company and the Bank since January 2002. She is a Certified
Public Accountant.
Jonathan Fischer, age 48, currently holds the position of Chief Operating
Officer, a position he has held since August 23, 2012. Mr. Fischer will be
appointed as the Corporate Secretary of the Company and the Bank on January 25,
2022 to replace Mr. Brydon who currently serves in these positions.
For further information, reference is made to the Company's press release, a
copy of which is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 News Release of Timberland Bancorp, Inc. dated January 24,
2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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