# EDGAR Filing Document

**Accession Number:** 0002012726
**File Stem:** 0001558370-25-009263
**Filing Date:** 2025-7
**Character Count:** 8018
**Document Hash:** c3dd03bb75220d4ecac62e071684df4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001558370-25-009263.hdr.sgml**: 20250716

**ACCESSION NUMBER**: 0001558370-25-009263

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250714

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250716

**DATE AS OF CHANGE**: 20250716

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fifth District Bancorp, Inc.
- **CENTRAL INDEX KEY:** 0002012726
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42198
- **FILM NUMBER:** 251128090

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 GENERAL DEGAULLE DRIVE
- **CITY:** NEW ORLEANS
- **STATE:** LA
- **ZIP:** 70114
- **BUSINESS PHONE:** 514-362-7544

**MAIL ADDRESS:**
- **STREET 1:** 4000 GENERAL DEGAULLE DRIVE
- **CITY:** NEW ORLEANS
- **STATE:** LA
- **ZIP:** 70114

?xml version='1.0' encoding='ASCII'? Fifth District Bancorp, Inc._July 14, 2025

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**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): July 14, 2025

**Fifth District Bancorp, Inc.**

(Exact Name of Registrant as Specified in its Charter)

Maryland &nbsp;&nbsp;&nbsp;&nbsp; 001-42198 &nbsp;&nbsp;&nbsp;&nbsp; 99-1897673 <br> (State or Other Jurisdiction of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.)

4000 General DeGaulle Drive, New Orleans, Louisiana &nbsp;&nbsp;&nbsp;&nbsp; 70114 <br> (Address of Principal Executive Offices) (Zip Code)

(504) 362-7544

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

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))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Common stock, par value 0.01 per share | FDSB | The Nasdaq Stock Market, LLC |
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

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. ☐

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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.** |

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On July 14, 2025, Fifth District Savings Bank, the bank subsidiary of Fifth District Bancorp, Inc. (the "Company"), and Melissa Burns, Chief Financial Officer, entered into an amendment to the Second Amended and Restated Executive Salary Continuation Agreement for Melissa Burns (the "Agreement"). The Agreement, which was originally adopted on February 29, 2024, provides for payment of certain supplemental retirement benefits if Ms. Burns separates from service on or after attaining age 65. The Agreement originally provided that the annual benefit provided under the Agreement would equal $80,316. The amendment to the Agreement increases the annual benefit to $94,000.

The foregoing summary of the Agreement and the amendment to the Agreement does not purport to be complete and is qualified in its entirety by the full text of the amendment to the Agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Financial Statements of Businesses Acquired: Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Pro Forma Financial Information: Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Shell Company Transactions: Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Exhibits.

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| | | |
|:---|:---|:---|
| **Exhibit No.** |  | **Description** |
| 10.1 |  | [Amendment to Second Amended and Restated Executive Salary Continuation Agreement for Melissa Burns, dated July 14, 2025](fdsb-20250714xex10d1.htm) |
| 104 |  | Cover Page Interactive Data File (formatted in Inline XBRL) |

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#### 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.

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| | | | |
|:---|:---|:---|:---|
|  |  | **FIFTH DISTRICT BANCORP, INC.** | **FIFTH DISTRICT BANCORP, INC.** |
| Date: | July 16, 2025 | By: | /s/ Amie L. Lyons |
|  |  |  | Amie L. Lyons |
|  |  |  | Interim President and Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

**FIRST AMENDMENT TO THE<br>FIFTH DISTRICT SAVINGS BANK<br>SECOND AMENDED & RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT FOR<br>MELISSA BURNS**

**THIS FIRST AMENDMENT** ("First Amendment") is made and entered into July 14, 2025, by and between Fifth District Savings Bank (the "Bank"), a federal savings bank, and Melissa Burns (the "Executive").

**RECITALS:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.The parties adopted the Fifth District Savings Bank Second Amended & Restated Executive Salary Continuation Agreement (the "Agreement") on February 29, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.The Agreement may be amended in accordance with Section 5.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. The parties desire to amend the Agreement to increase the Executive's Retirement Benefit;

**NOW, THEREFORE**, the Agreement is hereby amended as follows:

*Section 1.18 is replaced in its entirety with the following:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.18**"Retirement Benefit"** shall mean an annual amount of ninety-four thousand dollars ($94,000).

*The examples in Sections 2.1, 2.3, 2.4, and 2.5 are replaced in their entirety with the following:*

(For example: $94,000 / 12 = $7,833.33 x 180 months = $1,410,000 total benefit).

Except as otherwise amended by this First Amendment, all provisions of the Agreement shall remain in full force and effect and the Agreement and all amendments shall be construed together and considered one and the same agreement.

**IN WITNESS WHEREOF**, the parties execute this First Amendment as of the date first written above.

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| | | |
|:---|:---|:---|
| **EXECUTIVE:** | **FIFTH DISTRICT SAVINGS BANK:** | **FIFTH DISTRICT SAVINGS BANK:** |
| /s/ Melissa Burns | By: | /s/ Amie L. Lyons |
| **Melissa Burns** |  | Amie L. Lyons |
|  | Title:  | Interim President and Chief Executive Officer |

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