# EDGAR Filing Document

**Accession Number:** 0001769267
**File Stem:** 0000943374-23-000009
**Filing Date:** 2023-1
**Character Count:** 10571
**Document Hash:** 6dd1cc5752222ff130af1e966a2a4ad5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000943374-23-000009.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0000943374-23-000009

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230113

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230113

**DATE AS OF CHANGE**: 20230113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Seacoast Bancorp
- **CENTRAL INDEX KEY:** 0001769267
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** X1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38985
- **FILM NUMBER:** 23529289

**BUSINESS ADDRESS:**
- **STREET 1:** 633 CENTRAL AVENUE
- **CITY:** DOVER
- **STATE:** NH
- **ZIP:** 03820
- **BUSINESS PHONE:** 603-742-4680

**MAIL ADDRESS:**
- **STREET 1:** 633 CENTRAL AVENUE
- **CITY:** DOVER
- **STATE:** NH
- **ZIP:** 03820

#### 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): January 13, 2023

#### FIRST SEACOAST BANCORP
(Exact Name of Registrant as Specified in Charter)

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| | | | |
|:---|:---|:---|:---|
| <u>Federal</u><br>| <u>001-38985</u><br>| <u>84-2404519</u> | <u>84-2404519</u> |
|  (State or Other Jurisdiction of Incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) | (I.R.S. Employer Identification No.) |
| <u>633 Central Avenue, Dover, New Hampshire</u> | <u>633 Central Avenue, Dover, New Hampshire</u> | | <u>03820</u><br>|
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | | (Zip Code) |

---

Registrant's telephone number, including area code: (603) 742-4680

<u>Not Applicable</u>

(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 (see General Instruction A.2. below):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⌧ 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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| | | |
|:---|:---|:---|
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
| Common stock, par value $0.01 per share<br>| FSEA<br>| The Nasdaq Stock Market LLC<br>|

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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 (§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 ☒

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 8.01. Other Events.**

On January 13, 2023, First Seacoast Bancorp, the holding company for First Seacoast Bank, issued a press release announcing that the conversion of First Seacoast Bancorp, MHC from mutual to stock form and the related stock offering by First Seacoast Bancorp, Inc., the proposed successor holding company for First Seacoast Bank, is expected to close on January 19, 2023. For additional information, refer to the press release dated January 13, 2023, which is filed as Exhibit 99.1 hereto and incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

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

[99.1](ex99-1-8k011323.htm) [Press Release dated January 13, 2023](ex99-1-8k011323.htm)

104 Cover Page Interactive Data File (embedded within Inline XBRL document)

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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.

---

| | | |
|:---|:---|:---|
|  |  | **FIRST SEACOAST BANCORP** |
| DATE: January 13, 2023 | By: <br>| <u>/s/ James R. Brannen</u> |
|  |  | James R. Brannen<br> President and Chief Executive Officer<br>|

---

## Exhibit 99.1

**EXHIBIT 99.1**<br>

<u>PRESS RELEASE</u>

<u>Contact</u>:

James R. Brannen

President and Chief Executive Officer

First Seacoast Bancorp

(603) 742-4680

#### First Seacoast Bancorp Announces Expected Closing Date of Conversion Transaction

Dover, NH; January 13, 2023 – First Seacoast Bancorp (Nasdaq: FSEA), the holding company for First Seacoast Bank, announced today that all regulatory approvals have been received to close the conversion of First Seacoast Bancorp, MHC from mutual to stock form and the related stock offering by First Seacoast Bancorp, Inc., the proposed new stock holding company for First Seacoast Bank.

Closing is expected to occur after the close of business on January 19, 2023. First Seacoast Bancorp, Inc.'s common stock is expected to begin trading on the Nasdaq Capital Market under the trading symbol "FSEA" on January 20, 2023.

As a result of the subscription offering, the community offering and the syndicated community offering, First Seacoast Bancorp, Inc. expects to sell a total of 2,805,000 shares of its common stock (the minimum of the offering range) at a price of $10.00 per share, which includes 224,400 shares to be sold to First Seacoast Bank's Employee Stock Ownership Plan. All valid stock orders submitted by eligible purchasers in the subscription offering and the community offering will be filled in full. All valid stock orders submitted by eligible purchasers in the syndicated community offering will be filled according to the allocation procedures disclosed in First Seacoast Bancorp, Inc.'s Prospectus dated November 14, 2022, as supplemented by the Prospectus Supplement dated December 21, 2022.

First Seacoast Bancorp, Inc.'s transfer agent, American Stock Transfer & Trust Company, LLC ("AST"), expects to mail Direct Registration System ("DRS") Book-Entry statements for shares purchased in the subscription offering and the community offering, and interest checks, on or about January 20, 2023.

As part of the conversion transaction, each outstanding share of First Seacoast Bancorp common stock owned by the public stockholders of First Seacoast Bancorp (stockholders other than First Seacoast Bancorp, MHC) as of the closing date will be converted into shares of First Seacoast Bancorp, Inc. common stock based on an exchange ratio of 0.8358 shares of First Seacoast Bancorp, Inc. common stock for each share of First Seacoast Bancorp common stock. Cash will be issued in lieu of a fractional share of First Seacoast Bancorp, Inc. common stock based on the offering price of $10.00 per share.

AST expects to mail DRS Book-Entry statements for shares of First Seacoast Bancorp, Inc. common stock issued in exchange for shares of First Seacoast Bancorp common stock, plus checks for cash in lieu of fractional shares, on or about January 20, 2023. First Seacoast Bancorp stockholders who hold their shares in street name through a broker will receive their shares of First Seacoast Bancorp, Inc. common stock and cash in lieu of fractional shares within their accounts automatically.

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Upon the completion of the conversion and stock offering, approximately 5,077,492 shares of First Seacoast Bancorp, Inc. common stock are expected to be outstanding before adjustment for fractional shares.

Eligible purchasers in the subscription offering, the community offering and/or the syndicated community offering may contact the Stock Information Center at 1-(877) 892-9472 (toll-free) if they have any questions regarding their stock orders. The Stock Information Center is open Monday through Friday between 10:00 a.m. and 4:00 p.m., Eastern time, except bank holidays. In addition, beginning on January 18, 2023, eligible purchasers in the subscription offering and the community offering may confirm their stock orders online at *https://allocations.kbw.com*.

Luse Gorman, PC has acted as legal counsel to the First Seacoast Bancorp, Inc. and First Seacoast Bancorp. Keefe, Bruyette & Woods, Inc., a Stifel Company, acted as marketing agent for First Seacoast Bancorp, Inc. in subscription offering and the community offering and as sole manager in the syndicated community offering. Breyer & Associates PC has acted as legal counsel to Keefe, Bruyette & Woods, Inc., a Stifel Company.

#### About First Seacoast Bank
First Seacoast Bank is a federally-chartered stock savings bank serving the financial needs of residents of the Seacoast region of New Hampshire. First Seacoast Bank operates four full-service offices in Strafford County, New Hampshire, and one full-service office in Rockingham County, New Hampshire.

#### Forward-Looking Statements
This press release contains certain forward-looking statements about the reorganization and subscription offering. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include delays in closing the conversion and stock offering; possible unforeseen delays in delivering DRS Book-Entry statements or refund and interest checks; and/or delays in the start of trading due to market disruptions or otherwise.

#### Legal Disclosures
**The shares of common stock of First Seacoast Bancorp, Inc. are not savings accounts or deposit accounts and are not insured by the Federal Deposit Insurance Corporation or by any other governmental agency.**

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