IF Bancorp, Inc.
0.00%
0
1514743
Mar 11, 2026
Mar 16, 2026, 08:39 PM
Reporting Persons (4)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Stilwell Activist Fund, L.P. | Partnership | 0.00% | 0 | 0 | 0 |
| Stilwell Activist Investments, L.P. | Partnership | 0.00% | 0 | 0 | 0 |
| Stilwell Value LLC | Other | 0.00% | 0 | 0 | 0 |
| Stilwell Joseph | Individual | 0.00% | 0 | 0 | 0 |
Disclosure Items (7)
Common Stock, par value $0.01 per share
IF Bancorp, Inc.
201 E. CHERRY ST, WATSEKA, IL, 60970
This is the sixth amendment (the "Sixth Amendment") to the Schedule 13D, which was filed on September 18, 2023 (the "2023 Schedule 13D"), and amended on May 28, 2024 (the "First Amendment"), on November 15, 2024 (the "Second Amendment"), on August 26, 2025 (the "Third Amendment"), on September 17, 2025 (the "Fourth Amendment"), and on January 16, 2026 (the "Fifth Amendment"). This Sixth Amendment is being filed jointly by Stilwell Activist Fund, L.P., a Delaware limited partnership ("Stilwell Activist Fund"); Stilwell Activist Investments, L.P., a Delaware limited partnership ("Stilwell Activist Investments"); Stilwell Value LLC, a Delaware limited liability company ("Stilwell Value LLC") and the general partner of Stilwell Activist Fund and Stilwell Activist Investments; and Joseph Stilwell, the managing member and owner of Stilwell Value LLC (collectively, "we" or "us"). The filers of this statement are collectively referred to herein as the "Group." The joint filing agreement of the members of the Group was filed as Exhibit 1 to the 2023 Schedule 13D. This statement is filed by Joseph Stilwell with respect to the shares of common stock, par value $0.01 per share (the "Common Stock") of IF Bancorp, Inc. (the "Issuer") previously beneficially owned by Joseph Stilwell, including shares of Common Stock previously held in the names of Stilwell Activist Fund and Stilwell Activist Investments, in Joseph Stilwell's capacities as the managing member and owner of Stilwell Value LLC, which is the general partner of Stilwell Activist Fund and Stilwell Activist Investments.
The business address of Stilwell Activist Fund, Stilwell Activist Investments, and Stilwell Value LLC is 111 Broadway, 12th Floor, New York, New York 10006. The business address of Joseph Stilwell is 200 Calle del Santo Cristo, Segundo Piso, San Juan, Puerto Rico 00901.
The principal employment of Joseph Stilwell is investment management. Stilwell Activist Fund and Stilwell Activist Investments are private investment partnerships engaged in the purchase and sale of securities for their own accounts. Stilwell Value LLC serves as the general partner of Stilwell Activist Fund and Stilwell Activist Investments, and related partnerships.
During the past five years, no member of the Group has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws, except as indicated in Schedule B, attached hereto and incorporated herein by reference.
Joseph Stilwell is a citizen of the United States.
Since we last reported purchases of Common Stock, Stilwell Activist Fund has not expended any monies to acquire shares of Common Stock. Since we last reported purchases of Common Stock, Stilwell Activist Investments has not expended any monies to acquire shares of Common Stock.
None of Stilwell Activist Fund, Stilwell Activist Investments, Stilwell Value LLC or Joseph Stilwell beneficially owns any shares of Common Stock.
None of Stilwell Activist Fund, Stilwell Activist Investments, Stilwell Value LLC or Joseph Stilwell beneficially owns any shares of Common Stock.
Since the filing of the Fifth Amendment, each of Stilwell Activist Fund and Stilwell Activist Investments sold shares of Common Stock pursuant to the merger as set forth in Schedule C, attached hereto and incorporated herein by reference. Stilwell Value LLC and Joseph Stilwell have not purchased or sold any shares of Common Stock.
No person other than Stilwell Activist Fund, Stilwell Activist Investments, Stilwell Value LLC and Joseph Stilwell is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock.
As of March 12, 2026, the Group ceased to beneficially own more than 5% of the outstanding shares of Common Stock.
Other than the Joint Filing Agreement filed as Exhibit 1 to the 2023 Schedule 13D, there are no contracts, arrangements, understandings or relationships among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finders' fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or losses, or the giving or withholding of proxies, except for sharing of profits. See Items 1 and 2 above regarding disclosure of the relationships between members of the Group, which disclosure is incorporated herein by reference.
Schedule A - Stilwell Activist History Schedule B - Item 2(e) Schedule C - Transactions in Securities Exhibit 1 - Joint Filing Agreement, dated September 18, 2023, filed with the 2023 Schedule 13D. Exhibit 2 - Proposal, dated May 28, 2024, filed with the First Amendment. Exhibit 3 - Nominee Agreement, dated August 26, 2025, with Scott J. Dworschak. Exhibit 4 - Nominee Agreement, dated August 26, 2025, with Douglas P. Hutchison, Jr. Exhibit 5 - Standstill Agreement, dated September 16, 2025, incorporated by reference to Exhibit 10 to the Issuer's Form 8-K filed with the Securities and Exchange Commission on September 16, 2025.