{"schema_version":"secwatch.filing_event.v1","accession":"0000939057-23-000157","form_type":"8-K","ticker":"SFDL","cik":"0000818677","company_name":"SECURITY FEDERAL CORP","filed_at":"2023-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.350297+00:00","generated_at":"2026-06-15T03:08:58.101328+00:00","sec_items":["5.07"],"event_type":"other","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Security Federal Corp. annual meeting re-elects directors; say-on-pay passes 94.1%; 1-year frequency wins.","bullets":["All four director nominees elected with for votes ranging from 2.29M to 2.32M; broker non-votes of 369,912 on each.","Say-on-pay advisory vote approved: 94.10% of shares present voted for (2,307,944 for, 134,273 against, 10,307 abstain).","Say-on-pay frequency vote: 64.67% preferred 1 year, 23.55% for 3 years, 6.48% for 2 years; shareholders selected 1 year.","Total shares outstanding 3,253,210; quorum of 2,452,524 shares present at virtual annual meeting on May 11, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000939057-23-000157","json":"https://secwatch.observer/filing/0000939057-23-000157.json","markdown":"https://secwatch.observer/filing/0000939057-23-000157.md","text":"https://secwatch.observer/filing/0000939057-23-000157.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000157/0000939057-23-000157-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000157/8kannualresults51123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T03:08:58.101328+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0be76af76d8e4bcbc58a750c46005b15b3c19a04","claim":"SECURITY FEDERAL CORP shareholders approved Advisory approval of the compensation of the Company’s named executive officers. at the 2023-05-11 meeting.","evidence_excerpt":"Proposal 2 . Advisory approval of the compensation of the Company’s named executive officers. This proposal received the following votes: For Percentage of shares present Against Percentage of shares present Abstain Percentage of shares present Broker Non- Votes 2,307,944 94.10% 134,273 5.48% 10,307 0.42% 369,912","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000157/0000939057-23-000157-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-11"}],"fact_type":"shareholder_vote"},{"claim_id":"3539995d13f083dad413b8039174d1803acb2d94","claim":"SECURITY FEDERAL CORP shareholders voted on Advisory approval of the compensation of the Company’s named executive officers. at the 2023-05-11 meeting.","evidence_excerpt":"Proposal 3 . Advisory approval of the compensation of the Company’s named executive officers. This proposal received the following votes: One Year Percentage of shares present Two Years Percentage of shares present Three Years Percentage of shares present Abstain Percentage of shares present Broker Non- Votes 1,586,729 64.67% 158,803 6.48% 577,457 23.55% 130,143 5.30% 369,912","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000157/0000939057-23-000157-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Meeting","value":"2023-05-11"}],"fact_type":"shareholder_vote"},{"claim_id":"c148b342fa5300866dd7d13e625285f83da132e1","claim":"SECURITY FEDERAL CORP shareholders approved Election of Directors at the 2023-05-11 meeting.","evidence_excerpt":"Proposal 1 . Election of Directors. The following individuals were elected as directors: FOR WITHHELD BROKER NON-VOTES No. of votes No. of votes No. of votes Robert E. Alexander 2,309,363 143,161 369,912 William Clyburn 2,311,788 140,736 369,912 Frank M. Thomas, Jr. 2,318,221 134,303 369,912 Jessica T. Cummins 2,285,406 167,118 369,912","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/818677/000093905723000157/0000939057-23-000157-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-11"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}