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EX-99.1 - EXHIBIT 99.1 - First Northwest Bancorpex991k862917.htm

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): June 28, 2017

FIRST NORTHWEST BANCORP
(Exact name of registrant as specified in its charter)

Washington
001-36741
46-1259100
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)

105 West 8th Street, Port Angeles, Washington
98362
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code:  (360) 457-0461


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))
 
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 [X]
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. [X]

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


On June 28, 2017, First Northwest Bancorp (the "Company") and its financial institution subsidiary, First Federal Savings and Loan Association of Port Angeles ("First Federal"), announced that Lloyd J. Eisenman will retire from the Boards of Directors of the Company and First Federal at the completion of his current term.  The Company's Board of Directors has determined that it will reduce its size from ten to nine members at the time of Mr. Eisenman's retirement

 Mr. Eisenman has served as a director of the Company since its formation in 2015 and has served as a director of First Federal since 1985.  Mr. Eisenman currently serves as a member of the Board of Directors' Audit CommitteeThere were no disagreements between Mr. Eisenman and the Company pertaining to the Company's operations, policies or practices.

Reference is made to the Company's press release regarding Mr. Eisenman's retirement, 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

The following exhibits are being filed herewith and this list shall constitute the exhibit index:

99.1
Press Release of First Northwest Bancorp dated June 28, 2017.


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.
 
 
FIRST NORTHWEST BANCORP
 
 
   
Date:  June 29, 2017
/s/Laurence J. Hueth                               
 
Laurence J. Hueth
 
President and Chief Executive Officer