IF Bancorp Inc.
09/26/2025 | Press release | Distributed by Public on 09/26/2025 15:01
Management Change/Compensation (Form 8-K)
| 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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(d) On September 24, 2025, the Board of Directors of IF Bancorp, Inc. (the "Company") appointed Scott J. Dworschak to the Company's Board of Directors, effective immediately. As of the date of this filing, Mr. Dworschak's committee appointments have not yet been finalized. Mr. Dworschak was also appointed to the Board of Directors of Iroquois Federal Savings and Loan Association (the "Bank"), the Company's wholly owned subsidiary.
Mr. Dworschak's appointments were made pursuant to a previously disclosed Standstill Agreement, entered into by the Company with Stilwell Activist Fund, L.P., Stilwell Activist Investments, L.P., Stilwell Partners, L.P., Stilwell Value LLC, Joseph Stilwell and Mr. Dworschak.
Mr. Dworschak is not a party to any transaction with the Company or the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K. Mr. Dworschak will receive the standard compensatory arrangements that the Company currently provides its non-employee directors, as described in the Company's proxy statement for its 2024 Annual Meeting of Stockholders, as filed with the Securities and Exchange Commission on October 16, 2024.
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