---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-24-000006"
form_type: "8-K"
ticker: "SFDL"
cik: "0000818677"
company_name: "SECURITY FEDERAL CORP"
filed_at: "2024-01-10T23:59:59+00:00"
generated_at: "2026-06-07T01:11:01.268547+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Security Federal removes 70.5 age limit for officers in bylaw amendment

## Summary
- Board approved deletion of Article V, Section 12 (Age Limitation – Officers) from Bylaws, effective January 4, 2024.
- Previously, officers were subject to a 70.5-year age limit; the provision is eliminated entirely.
- No fiscal year change or other bylaw amendments reported.

## SEC filing metadata
- accession: 0000939057-24-000006
- form_type: 8-K
- ticker: SFDL
- cik: 0000818677
- company_name: SECURITY FEDERAL CORP
- filed_at: 2024-01-10T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/818677/000093905724000006/0000939057-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818677/000093905724000006/8k142024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-24-000006
- JSON: https://secwatch.observer/filing/0000939057-24-000006.json
- Plain text: https://secwatch.observer/filing/0000939057-24-000006.txt

## Key facts
- Governance Changes
  SECURITY FEDERAL CORP: Deleted Article V, Section 12 - Age Limitation for Officers, which set an age limit of 70 1/2 years old.
  - Change: bylaw amendment
  source text: Security Federal Corporation (“Company”)’s Board of Directors approved an amendment of its Bylaws to delete in its entirety Article V – Officers – Section 12. Age Limitation – Officers , which previously contained an age limit of 70 1⁄2 years old for officers of the Company. This amendment is effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/818677/000093905724000006/0000939057-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.