Other Information
−Removed: In June 2020, the accounting firm Fruci & Associates, PS (“Plaintiff”) sued Sound Community Bank, along with ten other financial institutions, in United States District Court for the Western District of Washington.
−Removed: Plaintiff alleges that it served as an agent on behalf of borrowers in connection with Small Business Administration (“SBA”) loans under the Paycheck Protection Program (“PPP”), and that the federal CARES Act entitles it to fees, payable out of the PPP loan processing fees lenders receive from the SBA.
−Removed: Plaintiff seeks treble damages on behalf of a putative class of all agents who purportedly are entitled to an agent fee, and seeks unspecified compensatory damages and treble damages.
−Removed: Sound Community Bank believes the complaint lacks merit and moved to dismiss the complaint on July 2, 2020, challenging the Plaintiff’s claimed entitlement to agent fees.
−Removed: The motion has been fully briefed to the court and Sound Community Bank expects a ruling in the near future.
−Removed: At this time, it is not possible to predict the outcome of the lawsuit or the impact on the Bank.
+Added: Nothing to report.
Articles of Incorporation of Sound Financial Bancorp, Inc.
21 unchanged sentences
Report on Form 10-Q for the quarter ended September 30, 2013 and incorporated herein by reference (File
−Removed: Change of Control Agreement dated June 21, 2016, by and among Sound Financial Bancorp, Inc., Sound Community Bank and Elliott Pierce (incorporated herein by reference to the Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 (File No.
−Removed: Adoption Agreement for the Sound Community Bank Nonqualified Deferred Compensation Plan (incorporated herein by reference to the Current Report on Form 8-K filed with the SEC on March 24, 2017 (File No.
+Added: Form of Adoption Agreement for the Sound Community Bank Nonqualified Deferred Compensation Plan (incorporated herein by reference to the Annual Report on Form 10-K filed with the SEC on March 30, 2021 (File No.
The Sound Community Bank Nonqualified Deferred Compensation Plan (incorporated herein by reference to the Current Report on Form 8-K filed with the SEC on March 24, 2017 (File No.
−Removed: Change of Control Agreement dated October 25, 2018, by and among Sound Financial Bancorp, Inc., Sound Community Bank and Daphne Kelley (incorporated herein by reference to the Current Report on Form 8-K filed with the SEC on October 26, 2018 (File No.
Change of Control Agreement dated October 25, 2018, by and among Sound Financial Bancorp, Inc., Sound Community Bank and Heidi Sexton (incorporated herein by reference to the Current Report on Form 8-K filed with the SEC on October 26, 2018 (File No.
2 unchanged sentences
and the Purchasers (incorporated herein by reference to the Current Report on Form 8-K filed with the SEC on September 21, 2020 (File No.
−Removed: Rule 13(a)-14(a) Certification (Chief Executive Officer)
−Removed: Rule 13(a)-14(a) Certification (Chief Financial Officer)
+Added: Rule 13(a)-14(a) Certification (Chief Executive Officer and Interim Chief Financial Officer)
Section 1350 Certification
101 The following financial statements from the Sound Financial Bancorp, Inc.
−Removed: Quarterly Report on Form 10-Q for the three months ended September 30, 2020, formatted in Extensive Business Reporting Language (XBRL):
+Added: Quarterly Report on Form 10-Q for the three months ended March 31, 2021, formatted in Extensive Business Reporting Language (XBRL):
(i) condensed consolidated balance sheets, (ii) condensed consolidated statements of income, (iii) condensed consolidated statements of comprehensive income, (iv) condensed consolidated statements of equity (v) condensed consolidated statements of cash flows and (vi) the notes to condensed consolidated financial statements
2 unchanged sentences
Sound Financial Bancorp, Inc.
−Removed: November 6, 2020 By:
+Added: May 13, 2021 By:
/s/ Laura Lee Stewart
Laura Lee Stewart
−Removed: President/Chief Executive Officer
+Added: President/Chief Executive Officer and Interim Chief Financial Officer
(Principal Executive Officer)
−Removed: Sound Financial Bancorp, Inc.
−Removed: November 6, 2020 By:
−Removed: /s/ Daphne D.
−Removed: Executive Vice President and Chief Financial Officer
−Removed: (Principal Financial and Accounting Officer)
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.