www.sec.gov/Archives/edgar/data/1137679/0000950116-02-0 -
[Cached Version]
Published on: 3/20/2002
Last Visited: 6/27/2002
As such, the terms of office of one class of directors, consisting of directors Mayes, Pfeffer and Schneider, expires at the 2002 annual meeting and these directors are standing for re-election.
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C. Herbert Schneider President and Chief Executive Officer of the Bank
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The audit committee consisted of all members of the board of directors, except for C. Herbert Schneider.The board of directors has not adopted a written charter for the audit committee, as FIRST WASHINGTON FINANCIAL CORP's common stock is not traded on a national securities exchange or on the NASDAQ system. FIRST WASHINGTON FINANCIAL CORP maintains a personnel and compensation committee.The personnel and compensation committee reviews and makes recommendations to the board of directors as to staffing levels for FIRST WASHINGTON FINANCIAL CORP and the bank, performance evaluations, compensation levels and benefits.The personnel and compensation committee met three (3) times during 2001 outside of regular board meetings, and consisted of Messrs.
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C. Herbert Schneider
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Also included are 57,909 shares that may be acquired by Mr. Schneider upon the exercise of stock options under the 1997 Incentive Stock Option plan. (10) Of this total, 31,114 shares are held by Mr. Wishnick's wife in her name; and 24,233 shares are purchasable upon the exercise of stock options. (11) Includes 17,319 shares that may be acquired upon the exercise of stock options not otherwise disclosed in these notes.