Director — Donna T. Guerra: Appointment of Donna T. Guerra to the Board of Directors.

President and Chief Executive Officer — Amie L. Lyons: Ms. Lyons was promoted to President and Chief Executive Officer on a permanent basis following the passing of her predecessor.

Other Events. On August 25, 2025, Fifth District Bancorp, Inc. (the “Company”) authorized a program to repurchase of up to 555,947 shares of its outstanding common stock, which equals approximately 10% of shares currently outstanding. For additional information, refer to the press release dated August 25, 2025, which is filed as an exhibit hereto and incorporated herein by reference.

Chief Financial Officer — Melissa Burns: The amendment to the executive salary continuation agreement increased Ms. Burns' supplemental retirement benefits.

CEO — Brian W. North: Mr. North passed away suddenly.

Changes in Registrant’s Certifying Accountant. (a) Dismissal of Independent Registered Public Accounting Firm On March 31, 2025, Fifth District Bancorp, Inc. (the “Company”), the holding company for Fifth District Savings Bank (the “Bank”), dismissed Elliott Davis, LLC (“Elliott Davis”) as the Company’s independent registered public accounting firm. The Company notified Elliott Davis of its dismissal on March 31, 2025 (the “Notice Date”). The decision to dismiss Elliott Davis was approved by…

Entry Into a Material Definitive Agreement. On May 10, 2024, Fifth District Bancorp, Inc. (the “Company”) and Fifth District Savings Bank (the “Bank”) entered into an Agency Agreement with Performance Trust Capital Partners, LLC (“Performance Trust”), pursuant to which Performance Trust will assist the Company, on a best efforts basis, in marketing the Company’s common stock during the Company’s stock offering in connection with the Bank’s proposed conversion from a mutual savings bank to a s…