---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-24-000126"
form_type: "8-K"
ticker: "SFDL"
cik: "0000818677"
company_name: "SECURITY FEDERAL CORP"
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:35:31.573450+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Security Federal Corporation announces annual meeting results; all director nominees elected

## Summary
- Timothy W. Simmons, Harry O. Weeks Jr., and Roy G. Lindburg elected as directors for three-year terms expiring 2027.
- Say-on-pay advisory vote approved with 93% of votes cast in favor.
- Total of 2,352,294 shares represented at meeting (72.8% of outstanding shares).

## SEC filing metadata
- accession: 0000939057-24-000126
- form_type: 8-K
- ticker: SFDL
- cik: 0000818677
- company_name: SECURITY FEDERAL CORP
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/818677/000093905724000126/0000939057-24-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818677/000093905724000126/8k5924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-24-000126
- JSON: https://secwatch.observer/filing/0000939057-24-000126.json
- Plain text: https://secwatch.observer/filing/0000939057-24-000126.txt

## Key facts
- Shareholder Votes
  SECURITY FEDERAL CORP shareholders approved Election of Directors at the 2024-05-09 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2024-05-09
  source text: The following individuals were elected as directors: FOR WITHHELD BROKER NON-VOTES No. of votes No. of votes No. of votes Timothy W. Simmons 2,145,978 206,316 301,217 Harry O. Weeks, Jr. 2,207,275 145,019 301,217 Roy G. Lindburg 2,207,575 144,719 301,217
  evidence_url: https://www.sec.gov/Archives/edgar/data/818677/000093905724000126/0000939057-24-000126-index.htm
- Shareholder Votes
  SECURITY FEDERAL CORP shareholders approved Advisory approval of the compensation of the Company's named executive officers at the 2024-05-09 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2024-05-09
  source text: 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 2,181,201 93% 145,028 6% 26,065 1% 301,217
  evidence_url: https://www.sec.gov/Archives/edgar/data/818677/000093905724000126/0000939057-24-000126-index.htm

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