10-K/A: FS Bancorp Corrects Typographical Error in Original Form 10-K Filing

FS Bancorp files an amendment to its annual report to correct a typographical error in the opinion of its independent registered accounting firm.

Summary

• FS Bancorp, Inc. is filing Amendment No. 1 to its Annual Report on Form 10-K for the year ended December 31, 2024, to correct a typographical error.
• The error was in Item 8 related to the opinion of Moss Adams LLP, the company's independent registered accounting firm.
• The opinion was provided timely by Moss Adams LLP and received by the company at the time of the original filing date.
• The amendment includes certifications of the Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, as well as the consent of the company's independent registered public accounting firm.
• No other changes have been made to the original Form 10-K, and the amendment does not modify, amend, or update the financial or other information contained in the original Form 10-K.
• The amendment does not reflect any events that have occurred on or after the original filing date of March 17, 2025.
• The company has not revised forward-looking statements to reflect events that occurred or facts that became known after the original filing date.
• As of March 13, 2025, there were 7,762,827 shares of the registrant's common stock outstanding.
• The aggregate market value of the voting and nonvoting common equity held by non-affiliates of the registrant was $255,164,361 based on the closing sales price of $36.45 per share of the registrants common stock as quoted on the NASDAQ Stock Market LLC on June 30, 2024.

Sentiment

Score: 7

Explanation: The document is a routine correction of a minor error, indicating good corporate governance. The sentiment is neutral to slightly positive.

Positives

• The company is proactively correcting a minor error in its filing.
• The amendment confirms that the financial statements and internal controls are still considered accurate.
• The original auditor's opinion was provided timely and received by the company at the time of the original filing date.

Future Outlook

The amendment does not include any updated forward-looking statements or guidance.

Industry Context

This is a routine amendment to correct a minor error and does not appear to have any significant implications for the company's competitive position or industry trends.

Stakeholder Impact

• The correction ensures accurate information for shareholders and investors.
• The amendment demonstrates the company's commitment to transparency and compliance.

Key Dates

Keywords

Form 10-K/A, Amendment, Typographical Error, Financial Statements, Internal Control, FS Bancorp, Moss Adams LLP, Auditor Opinion