Steven Haen
About Steven Haen
Independent director of EWSB Bancorp, Inc.; retired Compliance and Security Officer of East Wisconsin Savings Bank (joined 1975; retired 2016). Age 73; has served on the board since 2018, bringing deep compliance and regulatory expertise from decades at the Bank . The Board determined all directors except the CEO (Charles D. Schmalz) and former CFO (Kay M. Dorow) are independent under Nasdaq standards; Mr. Haen is deemed independent .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| East Wisconsin Savings Bank | Compliance and Security Officer; prior roles across the Bank | 1975–2016 | Strong compliance/regulatory knowledge of Bank operations |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| — | — | — | No other public company directorships disclosed in proxy |
Board Governance
- Committee assignments: Compensation Committee member; Governance & Nominating Committee member; not a chair .
- Independence: Independent (Nasdaq standards) .
- Attendance: No director attended fewer than 75% of board and committee meetings in 2024; EWSB Bancorp board held 2 meetings; Bank board held 13; plus 10 joint meetings .
- Board leadership: Combined Chair/CEO; Lead Independent Director role held by Kenneth P. Demerath; independent directors hold executive sessions at least twice a year .
| Committee | Membership | Chair |
|---|---|---|
| Audit | Not a member | — |
| Compensation | Member | Lori Hoersch |
| Governance & Nominating | Member | Steve Tyink |
| Meetings (2024) | Count |
|---|---|
| Audit Committee | 1 |
| Compensation Committee | 2 |
| Governance & Nominating Committee | — (not listed) |
| EWSB Bancorp Board | 2 |
| Bank Board | 13 |
| Joint Board Meetings | 10 |
Fixed Compensation
| Year | Fees Earned or Paid in Cash ($) |
|---|---|
| 2024 | 28,500 |
- Deferred Fee Plan: Directors may elect to defer fees; deferred amounts earn interest; payouts at separation or specified age, lump sum or installments .
Performance Compensation
| Component | Disclosure for Directors (2024) | Source |
|---|---|---|
| Equity awards (RSUs/PSUs) | None disclosed in director compensation table | |
| Stock options | Company “has not historically granted stock options” and granted none in 2024 | |
| Performance metrics tied to director pay | None disclosed | |
| Clawbacks/hedging policy | Anti-hedging policy prohibits options, hedging/monetization; pledging generally prohibited with no exceptions approved |
Other Directorships & Interlocks
| Person | Current Public Boards | Committee Roles | Interlocks/Conflicts |
|---|---|---|---|
| Steven Haen | None disclosed | — | None disclosed |
Expertise & Qualifications
- Compliance and regulatory oversight; long-tenured operational familiarity with Bank .
- Independent director; contributes to Compensation and Governance/Nominating oversight .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Shares Outstanding | Notes |
|---|---|---|---|
| Steven Haen | 2,000 | 0.27% (2,000 / 752,538) | “Less than 1%” in proxy table |
| Pledged/Hedged | — | — | Hedging prohibited; pledging generally prohibited; no pledging exceptions approved by Board |
Related-Party Transactions and Conflicts
- Director/officer loans: All loans to directors and executive officers were made in ordinary course, on market terms, with normal risk; compliant with federal banking regulations as of Dec 31, 2024 .
- No other related-party transactions disclosed for directors/executives beyond loans .
Governance Assessment
- Committee engagement: Haen serves on the Compensation and Governance & Nominating Committees, aligning with his compliance/regulatory background; not a chair, which moderates influence but provides oversight leverage .
- Independence and attendance: Independent under Nasdaq standards, with satisfactory attendance (≥75%) across board/committee meetings, supporting board effectiveness .
- Pay and alignment: Cash-only director fees ($28,500 in 2024), modest personal share ownership (2,000 shares, ~0.27%), and strict anti-hedging/anti-pledging policy support alignment but indicate limited equity-based at-risk incentives for directors .
- RED FLAGS: None apparent from disclosures—no sub-75% attendance, no related-party transactions beyond ordinary-course loans, no hedging/pledging exceptions; note combined Chair/CEO mitigated by Lead Independent Director and executive sessions .