secwatch.observer — SEC 8-K summary
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Issuer:     Magyar Bancorp, Inc. (MGYR)
CIK:        0001337068
Form:       8-K
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0000943374-22-000352
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stockholders approve 2022 Equity Incentive Plan at special meeting
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337068/000094337422000352/0000943374-22-000352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337068/000094337422000352/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-22-000352

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