5 unchanged sentences
Based on this assessment, management has determined that the Company’s internal control over financial reporting as of December 31, 2024 is effective.
−Removed: FORVIS, LLP, the Company’s registered public accounting firm, has audited the Company’s internal control over financial reporting as of December 31, 2023.
−Removed: The audit report by FORVIS, LLP is located in Item 8 of this report.
+Added: Forvis Mazars, LLP, the Company’s registered public accounting firm, has audited the Company’s internal control over financial reporting as of December 31, 2024.
+Added: The audit report by Forvis Mazars, LLP is located in Item 8 of this report.
There were no changes in the Company’s internal controls over financial reporting (as defined in Rule 13a - 15(f) under the Exchange Act) that occurred during the year ended December 31, 2024, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
4 unchanged sentences
The information in the Company’s definitive Proxy Statement, prepared for the 2025 Annual Meeting of Shareholders, which contains information concerning directors of the Company under the caption “Proposal 1 - Election of Directors” and compliance with Section 16 reporting requirements under the caption “Delinquent Section 16(a) Reports” and information concerning corporate governance under the caption “Other Board and Corporate Governance Matters” and "Board Meetings and Committees," is incorporated herein by reference.
+Added: The Company has an insider trading policy governing the purchase, sale and other dispositions of the Company’s securities that applies to all Company personnel, including directors, officers, employees, and other covered persons.
+Added: The Company also follows procedures for the repurchase of its securities.
+Added: The Company believes that its insider trading policy and repurchase procedures are reasonably designed to promote compliance with insider trading laws, rules and regulations, and listing standards applicable to the Company.
+Added: A copy of the Company’s insider trading policy is filed as Exhibit 19.1 to this Form 10-K.
Executive Officers of the Registrant
2 unchanged sentences
Offices and Positions with Waterstone Financial and Subsidiaries*
−Removed: Gordon, 66 (1)
−Removed: Chief Executive Officer of Waterstone Financial and of WaterStone Bank
−Removed: Bruss, 54 (1)
−Removed: General Counsel, President and Secretary of Waterstone Financial and of WaterStone Bank
+Added: Chief Executive Officer, General Counsel, President and Secretary of Waterstone Financial and of WaterStone Bank
Chief Financial Officer and Executive Vice President of Waterstone Financial and of WaterStone Bank
2 unchanged sentences
Senior Vice President and Director of Retail Banking of WaterStone Bank
+Added: Ryan Gordon, 38
+Added: Chief Credit Officer of WaterStone Bank
Excluding directorships and excluding positions with Bank subsidiary that do not constitute a substantial part of the officers’ duties.
−Removed: Gordon retired on January 5, 2024.
−Removed: Bruss took over as Chief Executive Officer of Waterstone Financial and WaterStone Bank on January 5, 2024.
Executive Compensation
51 unchanged sentences
Employment Agreement By and Between Waterstone Mortgage Corporation and Jeff McGuiness †
+Added: Insider Trader Policy
List of Subsidiaries
8 unchanged sentences
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 signed by the Chief Financial Officer of Waterstone Financial
−Removed: Clawback Policy, Effective December 1, 2023
+Added: Clawback Policy
+Added: Clawback Policy Amendment
XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
23 unchanged sentences
Securities and Exchange Commission on April 9, 2020.
−Removed: (7) Incorporated by reference to Exhibit 10.1 to Report on Form 8-K filed with the U.S.
−Removed: Securities and Exchange Commission on November 3, 2020 (File No.
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
WATERSTONE FINANCIAL, INC.
−Removed: March 6, 2024
+Added: February 28, 2025
/s/ William F.
23 unchanged sentences
Tyus, Director
−Removed: *Each of the above signatures is affixed as of March 6, 2024.
+Added: *Each of the above signatures is affixed as of February 28, 2025.
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.