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      <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">UNITED STATES</div>
      <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">WASHINGTON, D.C. 20549</div>
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      <div style="FONT-SIZE: 14pt; MARGIN-BOTTOM: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">FORM 8-K</div>
      <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">CURRENT REPORT</div>
      <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
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      <div style="FONT-SIZE: 10pt; MARGIN-BOTTOM: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">Date of Report (Date of earliest event reported):&#160; <u>March 25, 2019</u></div>
      <div style="FONT-SIZE: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center"><u>WATERSTONE FINANCIAL, INC.</u></div>
      <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">(Exact name of Registrant as specified in its charter)</div>
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              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center"><u>Maryland</u></div>
              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">(State or Other Jurisdiction</div>
              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">of Incorporation)</div>
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              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center"><u>001-36271</u></div>
              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">(Commission File Number)</div>
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              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center"><u>90-1026709</u></div>
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      <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center"><u>11200 W. Plank Ct, Wauwatosa, Wisconsin 53226</u></div>
      <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">(Address of principal executive offices)</div>
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      <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center"><u>(414) 761-1000</u></div>
      <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: center">Registrant's telephone number, including area code</div>
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              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: left">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:</div>
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              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: left">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
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              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: left">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</div>
              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: left">(17 CFR 240.14d-2(b))</div>
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              <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: left">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</div>
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              <td style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; WIDTH: 72pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">Item 5.02</td>
              <td style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">Departure of Directors or Certain officers; Election of Directors; Appointment of Certain
                Officers; Compensatory Arrangements of Certain <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal">Officers</font></td>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">On March 25, 2019, the Compensation
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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The foregoing summary description of the Incentive Plan does not purport to be complete and is subject to, and qualified in its entirety by, the
                full text of the Incentive Plan, which is filed as Exhibit&#160;10.1 hereto and incorporated by reference herein.</div>
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      <div style="FONT-SIZE: 10pt; MARGIN-BOTTOM: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: left; TEXT-INDENT: 36pt">(d)&#160; Exhibits</div>
      <div style="margin-bottom: 12pt; font-weight: bold; text-align: left; margin-left: 36pt;"><strong><u>Exhibit No.</u><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-STYLE: normal">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-variant: normal; font-style: normal;"><u>Description</u></font></strong></div>
      <div style="text-align: left; margin-left: 45pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10.1</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Waterstone Financial,
          Inc. Incentive Plan</font></div>
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">SIGNATURES</div>
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: ''Times New Roman'', Times, serif; TEXT-ALIGN: left">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.</div>
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                    <div>&#160;</div>
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                    <div>Waterstone Financial, Inc.</div>
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                    <div>Date:&#160; March 25, 2019</div>
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                    <u style="FONT-STYLE: italic">/s/ William F. Bruss</u></td>
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                    <div>Name: William F. Bruss</div>
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                    <div>Title: Chief Operating Officer</div>
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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):
March 25, 2019
WATERSTONE FINANCIAL, INC.
(Exact name of Registrant as specified in its charter)
Maryland
(State or Other Jurisdiction
of Incorporation)
001-36271
(Commission File Number)
90-1026709
(I.R.S. Employer Identification No.)
11200 W. Plank Ct, Wauwatosa, Wisconsin 53226
(Address of principal executive offices)
(414) 761-1000
Registrant's telephone number, including area code
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:
[ ]
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))
Item 5.02
Departure of Directors or Certain officers; Election of Directors; Appointment of Certain
                Officers; Compensatory Arrangements of Certain
Officers
(e)
On March 25, 2019, the Compensation
                  Committee (the "Compensation Committee") of the Board of Directors of Waterstone Financial, Inc. (the "Company") adopted the Waterstone Financial, Inc. Incentive Plan (the "Incentive Plan"), which is intended to be used primarily as the
                  vehicle to provide for annual incentive awards to the Company's senior management.  Under the Incentive Plan designated employees of the Company and its subsidiaries, including our executive officers, will be eligible to receive incentive
                  payments with respect to a specified period (for example, our fiscal year), which awards will generally be payable based upon the attainment of pre-established performance goals.  Incentive award opportunities and performance goals in
                  respect of the Company's fiscal year (or such other performance period) will be established on the terms and conditions determined by the Compensation Committee.  The awards earned under the Incentive Plan may be paid in cash or in the
                  form of equity awards to be granted under an equity incentive plan maintained by the Company.  The Incentive Plan may be amended or terminated by the Compensation Committee.
The foregoing summary description of the Incentive Plan does not purport to be complete and is subject to, and qualified in its entirety by, the
                full text of the Incentive Plan, which is filed as Exhibit 10.1 hereto and incorporated by reference herein.
Item 9.01
Financial Statements and Exhibits
(d)  Exhibits
Exhibit No.
Description
10.1
Waterstone Financial,
          Inc. Incentive Plan
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.
Waterstone Financial, Inc.
Date:  March 25, 2019
/s/ William F. Bruss
Name: William F. Bruss
Title: Chief Operating Officer