Item 5.02. Departure of Directors or Certain officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 25, 2022, the Board of Directors of Waterstone Financial, Inc. (the
"Company") announced that on January 24, 2022, William Bruss was elected
President of the Company and its wholly owned subsidiary WaterStone Bank SSB
(the "Bank"). Douglas Gordon will continue to lead both the Company and the
Bank as Chief Executive Officer, a role he has served since 2007. The Company
further announced that Julie Glynn and Ryan Gordon were each elected Executive
Vice Presidents of the Company and the Bank, joining Chief Financial Officer
Mark Gerke in that capacity.
Bruss, 52, began as the Bank's in-house counsel in 1997 and has served as
Executive Vice President, COO and Secretary of the Company and the Bank since
2013 with management responsibility for the Bank's legal, operational and
support areas; Bruss chairs the Bank's Executive Committee and is a member of
the Bank's Officers' Loan Committee and the board of directors of Waterstone
Mortgage Corporation. Glynn joined the Bank in 2018 with over 30 years of
retail banking leadership experience and steers the Bank' retail banking
initiatives as its Chief Retail Officer; Glynn is also a member of the Bank's
Executive and Asset/Liability Committees. Ryan Gordon began his career with the
Bank in 2008 with a focus on credit administration and was named the Bank's
Chief Credit Officer in 2018; Gordon also serves as chair of the Bank's
Officers' Loan Committee and is a member of its Executive Committee and the
board of directors of Waterstone Mortgage Corporation.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release date January 25, 2022
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