First Northwest Bancorp (FNWB) Proxy filing summary

Voting matters and shareholder proposals

• Election of nine directors to serve a one-year term, with all nominees recommended for approval.

• Approval sought for amending articles of incorporation to remove supermajority voting and allow director removal by shareholders with or without cause.

• Proposal to approve the Amended and Restated 2020 Equity Incentive Plan.

• Advisory vote on executive compensation (say-on-pay) is included.

• Ratification of Baker Tilly LLP as independent auditor for the year ending December 31, 2026.

Board of directors and corporate governance

• Board recommends voting for all nine director nominees for a one-year term.

• Proposed amendment would enhance shareholder rights by removing supermajority voting and permitting director removal with or without cause.

Executive compensation and say-on-pay

• Advisory, non-binding vote on the compensation of named executive officers is on the agenda.