FB Bancorp, Inc. /MD/ 8-K

What Happened

• FB Bancorp, Inc. (the Company) and its banking subsidiary Fidelity Bank notified Randall L. Baker, Chief Operating Officer, that he will be separated from the Bank effective June 16, 2026. The Company filed an Item 5.02 Form 8-K reporting the departure.
• Mr. Baker is entitled to compensation and benefits consistent with a qualifying termination under the Fidelity Bank Executive Severance Plan (terms described in the Company’s most recent proxy). A separation agreement that will include a customary release of claims will be executed and filed as an exhibit to the Company’s Form 10-Q for the quarter ending June 30, 2026.

Key Details

• Effective date of separation: June 16, 2026.
• Executive affected: Randall L. Baker, Chief Operating Officer.
• Severance treatment: Eligible for compensation and benefits under the Fidelity Bank Executive Severance Plan (material terms in proxy statement).
• A separation agreement with a release of claims will be filed with the Form 10-Q for the period ending June 30, 2026.

Why It Matters

• Executive leadership changes can affect operations and strategic execution; this filing notifies investors of a change at the COO level and confirms contractual severance protection.
• The upcoming separation agreement (to be filed with the 10-Q) will provide additional details about the financial terms and any release provisions, which investors may want to review when available.