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): August 25, 2021

1895 BANCORP OF WISCONSIN, INC.

(Exact Name of Registrant as Specified in Charter)

Maryland		333-254135	61-1993378
(State or Other Jurisdiction of Incorporation)		(Commission File No.)	(I.R.S. Employer Identification No.)


	7001 West Edgerton Avenue, Greenfield, Wisconsin			53220
	(Address of Principal Executive Offices)			(Zip Code)

Registrant's telephone number, including area code: (414) 421-8200

Not Applicable

(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):

☐	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:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01 per share		BCOW		The NASDAQ Stock Market, LLC

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. ☐

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(a) Effective October 31, 2021, Richard Krier will retire as Senior Vice President, Chief Financial Officer and Treasurer of 1895 Bancorp of Wisconsin, Inc. (the “Company”) and PyraMax Bank, FSB (“PyraMax Bank”), the wholly-owned subsidiary of the Company. Mr. Krier’s retirement is not the result of any dispute or disagreement with the Company or PyraMax Bank or any matter relating to the Company’s accounting practices or financial statements.

(b) The Company and PyraMax Bank intend to appoint Steven T. Klitzing to serve as Senior Vice President, effective as of October 1, 2021 and as Chief Financial Officer and Treasurer of the Company and PyraMax Bank, effective as of October 31, 2021. Mr. Klitzing, age 58, most recently served as Regional Vice President of Advia Credit Union, a $2.0 billion credit union. Prior to that, Mr. Klitzing served as Chief Financial Officer of Peoples Bank, Elkhorn, Wisconsin, which was acquired by Advia Credit Union in 2017.

PyraMax Bank will enter into an employment agreement with Mr. Klitzing, on or about October 1, 2021 and effective as of October 31, 2021, pursuant to which Mr. Klitzing will serve as Senior Vice President and Chief Financial Officer of the Bank. The form of employment agreement will have an initial 18-month term ending April 30, 2023. The term will renew annually for successive 18-mont terms, subject to board approval, commencing January 8, 2022 through July 8 2024, in order to be on the same renewal cycle as the other 18-month employment agreements maintained by PyraMax Bank for its senior vice presidents. Under the form of employment agreement Mr. Klitzing’s initial base salary will be $200,000. Mr. Klitzing’s performance will be reviewed initially, April 1, 2023, and his base salary may be increased at such time. Mr. Klitzing will also be eligible to participate in the bonus programs and benefit plans that are made available to management employees. Mr. Klitzing will receive a $50,000 signing bonus within thirty days of commencement of his employment.

The foregoing description of Mr. Klitzing’s form of employment agreement is qualified in its entirety by reference to the copy of the form of employment agreement that is included as Exhibit 10.1 to this Current Report and is incorporated by reference into this Item 5.02.

Item 9.01 Financial Statements and Exhibits.

(d)	Exhibits

	10.1	Form of Employment Agreement among PyraMax Bank, FSB, 1895 Bancorp of Wisconsin, Inc. and Steven T. Klitzing

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.

	1895 BANCORP OF WISCONSIN, INC.



DATE: August 26, 2021	By: /s/Richard B. Hurd
	Richard B. Hurd
	Chief Executive Officer

1895 Bancorp of Wisconsin, Inc. 8-K