---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-22-000257"
form_type: "8-K"
ticker: "MGYR"
cik: "0001337068"
company_name: "Magyar Bancorp, Inc."
filed_at: "2022-02-18T23:59:59+00:00"
generated_at: "2026-06-27T06:32:10.186388+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Magyar Bancorp shareholders elect directors, approve say-on-pay, ratify auditor; director Lukacs retires

## Summary
- Elected directors Fitzgerald, Lankey, and Yelencsics to three-year terms; each received over 3.6M shares for.
- Say-on-pay resolution approved with 3.47M for, 237,417 against, 98,161 abstentions.
- Ratified RSM US LLP as independent auditor for fiscal 2022 with 4.84M shares for, 50,514 against.
- Director Martin A. Lukacs retired from board on February 16, 2022, per age-75 bylaw provision.

## SEC filing metadata
- accession: 0001174947-22-000257
- form_type: 8-K
- ticker: MGYR
- cik: 0001337068
- company_name: Magyar Bancorp, Inc.
- filed_at: 2022-02-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.07, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337068/000117494722000257/0001174947-22-000257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000117494722000257/form8k-27390_mgyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-22-000257
- JSON: https://secwatch.observer/filing/0001174947-22-000257.json
- Plain text: https://secwatch.observer/filing/0001174947-22-000257.txt

## Key facts
- Executive change
  Martin A. Lukacs retired as director at Magyar Bancorp, Inc..
  - Action: retired
  - Role: director
  source text: On February 16, 2022, director Martin A. Lukacs retired from the Board of Directors pursuant to a provision of the Company’s bylaws that requires retirement from the Board at the Annual Meeting immediately following the year in which the Director attains age seventy-five (75).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1337068/000117494722000257/0001174947-22-000257-index.htm

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