secwatch.observer — SEC 8-K summary
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Issuer:     SECURITY FEDERAL CORP (SFDL)
CIK:        0000818677
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0000939057-23-000157
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Security Federal Corp. annual meeting re-elects directors; say-on-pay passes 94.1%; 1-year frequency wins.
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818677/000093905723000157/0000939057-23-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818677/000093905723000157/8kannualresults51123.htm
  HTML page:      https://secwatch.observer/filing/0000939057-23-000157

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