Company: SFBC
Filing Date: 2025-09-19
Form Type: 8-K
Source: 0000927089-25-000162
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Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-09-19
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On September 18, 2025, the Board of Directors of Sound Community Bancorp, Inc. (the “ Company”), the parent holding company for Sound Community Bank (the “ Bank”), announced the adoption of an executive leadership transition plan.

Effective, October 1, 2025, Laura Lee Stewart, the current President and Chief Executive Officer of the Bank and the Company, will relinquish her roles as President of the Company and the Bank. Ms. Stewart will continue to serve as Chief Executive Officer of the Company and the Bank and as a director of each. Ms. Stewarts transition was not the result of any disagreement with the Company or the Bank on any matter relating to operations, policies, or practices.

Effective October 1, 2025, Wesley (“ Wes”) Ochs, age 45, currently serving as Executive Vice President and Chief Financial Officer of the Company and the Bank, was appointed President of the Company and the Bank. In connection with this appointment, Mr. Ochs will cease serving as Executive Vice President but will continue to serve as Chief Financial Officer, a position he has held since 2021. Mr. Ochs joined the Bank in 2009 as a Commercial Loan Officer and has held roles of increasing responsibility since that time.

There are no arrangements or understandings between Mr. Ochs and any other person pursuant to which he was selected as an officer. Mr. Ochs has no family relationships required to be disclosed pursuant to Item 401(d) of Regulation S-K and has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

In connection with his promotion, the Compensation Committee of the Board approved an increase in Mr. Ochs’ annual base salary to $360,000, effective October 1, 2025. Mr. Ochs’ other compensation arrangements, including participation in the Company’s incentive and equity-based compensation programs, will remain unchanged. Additional information regarding Mr. Ochs’ compensation is included in the Company’s definitive proxy statement for its 2025 annual meeting of shareholders, filed with the Securities and Exchange Commission on April 16, 2025, which information is incorporated herein by reference.

A copy of the press release issued by the Company on September 19, 2025 announcing the executive leadership transition plan is attached as Exhibit 99