---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-22-000352"
form_type: "8-K"
ticker: "MGYR"
cik: "0001337068"
company_name: "Magyar Bancorp, Inc."
filed_at: "2022-08-26T23:59:59+00:00"
generated_at: "2026-06-23T20:53:21.139560+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Stockholders approve 2022 Equity Incentive Plan at special meeting

## Summary
- Plan covers stock-based awards for officers, employees, and directors of Magyar Bancorp and Magyar Bank.
- Vote: 4,493,279 For, 385,148 Against, 51,236 Abstentions; Plan approved at August 25, 2022 special meeting.
- Plan terms described in definitive proxy statement filed July 18, 2022; Plan filed as Exhibit 10.1 to this Form 8-K.
- Effective upon stockholder approval; no further implementation detail provided.
- No departure or appointment of directors/officers reported alongside this approval.

## SEC filing metadata
- accession: 0000943374-22-000352
- form_type: 8-K
- ticker: MGYR
- cik: 0001337068
- company_name: Magyar Bancorp, Inc.
- filed_at: 2022-08-26T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337068/000094337422000352/0000943374-22-000352-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000094337422000352/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-22-000352
- JSON: https://secwatch.observer/filing/0000943374-22-000352.json
- Plain text: https://secwatch.observer/filing/0000943374-22-000352.txt

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