--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-23-028695" form_type: "8-K" ticker: "PDLB" cik: "0001874071" company_name: "Ponce Financial Group, Inc." filed_at: "2023-06-16T23:59:59+00:00" generated_at: "2026-06-13T23:18:36.309233+00:00" event_type: "other_material" sentiment: "positive" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Ponce Financial Group shareholders approve 2023 LTIP; CEO reports CDFI strength and resilience in banking crisis ## Summary - Shareholders approved 2023 Long Term Incentive Plan authorizing up to 1,920,368 shares. - Ponce Bank ranked 5th largest CDFI by assets, 1st in housing focus (71% loans housing-related). - Received $3.7M ERP grant this year; parent and bank recertified as CDFI/MDI. - CEO: no deposit outflows during banking crisis; liquidity covers uninsured deposits over 2x. - Investing in loan origination system and Salesforce; stock buyback accretive to book value. ## SEC filing metadata - accession: 0000950170-23-028695 - form_type: 8-K - ticker: PDLB - cik: 0001874071 - company_name: Ponce Financial Group, Inc. - filed_at: 2023-06-16T23:59:59+00:00 - event_type: other_material - sentiment: positive - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 5.02, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1874071/000095017023028695/0000950170-23-028695-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874071/000095017023028695/pdlb-20230615.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-23-028695 - JSON: https://secwatch.observer/filing/0000950170-23-028695.json - Plain text: https://secwatch.observer/filing/0000950170-23-028695.txt ## Key facts - Shareholder Votes Ponce Financial Group, Inc. shareholders approved Approval of the Ponce Financial Group, Inc. 2023 Long-Term Incentive Plan (the "2023 Plan") at the 2023-06-15 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2023-06-15 source text: Proposal III – To approve the Ponce Financial Group, Inc. 2023 Long-Term Incentive Plan (the "2023 Plan"). Broker For Against Abstain Non-Vote 11,195,388 4,692,281 56,035 3,613,333 evidence_url: https://www.sec.gov/Archives/edgar/data/1874071/000095017023028695/0000950170-23-028695-index.htm - Shareholder Votes Ponce Financial Group, Inc. shareholders approved Approval, on an advisory and non-binding basis, of the compensation of named executive officers at the 2023-06-15 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-06-15 source text: Proposal IV – Approval, on an advisory and non-binding basis, of the compensation of named executive officers. Broker For Against Abstain Non-Vote 11,210,757 4,661,374 71,573 3,613,333 evidence_url: https://www.sec.gov/Archives/edgar/data/1874071/000095017023028695/0000950170-23-028695-index.htm - Shareholder Votes Ponce Financial Group, Inc. shareholders approved Ratification of the appointment of Mazars USA LLP as independent registered public accounting firm for the year ending December 31, 2022 at the 2023-06-15 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-06-15 source text: Proposal II – Ratification of the appointment of Mazars USA LLP as Ponce Financial Group, Inc.’s independent registered public accounting firm for the year ending December 31, 2022. For Against Abstain 18,669,471 818,957 68,609 There were no broker non-votes. evidence_url: https://www.sec.gov/Archives/edgar/data/1874071/000095017023028695/0000950170-23-028695-index.htm - Shareholder Votes Ponce Financial Group, Inc. shareholders approved Non-binding, advisory vote on the frequency of future advisory votes on executive compensation at the 2023-06-15 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-06-15 source text: Proposal V – Non-binding basis, advisory vote on the future advisory votes on executive compensation. Broker 1 Year 2 Year 3 Year Abstain Non-Vote 14,369,691 26,978 1,283,288 263,747 3,613,333 evidence_url: https://www.sec.gov/Archives/edgar/data/1874071/000095017023028695/0000950170-23-028695-index.htm - Shareholder Votes Ponce Financial Group, Inc. shareholders approved Election of three directors for a term expiring in 2026 at the 2023-06-15 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-06-15 source text: Ponce Financial Group, Inc. (NASDAQ: PDLB), the holding company for Ponce Bank held its annual stockholder meeting on June 15, 2023 (the “Annual Meeting”). The business conducted at the Annual Meeting consisted of (a) the election of three directors for a term expiring in 2026, (b) the ratification of the appointment of Mazars USA LLP as independent registered public accounting firm for the year ending December 31, 2023, (c) the approval of the 2023 Plan, (d) approval, on an advisory and non-biding basis, of the compensation of the named executive officers and (e) non-binding, advisory vote on the frequency of future advisory votes on executive. evidence_url: https://www.sec.gov/Archives/edgar/data/1874071/000095017023028695/0000950170-23-028695-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.