---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-22-001036"
form_type: "8-K"
ticker: "MGYR"
cik: "0001337068"
company_name: "Magyar Bancorp, Inc."
filed_at: "2022-09-23T23:59:59+00:00"
generated_at: "2026-06-23T07:39:47.401954+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Magyar Bancorp elects three new directors: Eisenhauer, Lombardi, Ruane

## Summary
- Susan Eisenhauer and Maureen Ruane elected to Board, terms expire after FY Sept 30, 2022.
- Michael F. Lombardi elected to Board, term expires after FY Sept 30, 2023.
- None of the new directors were elected pursuant to any arrangement or have reportable transactions.

## SEC filing metadata
- accession: 0001174947-22-001036
- form_type: 8-K
- ticker: MGYR
- cik: 0001337068
- company_name: Magyar Bancorp, Inc.
- filed_at: 2022-09-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337068/000117494722001036/0001174947-22-001036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000117494722001036/form8k-28737_mgyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-22-001036
- JSON: https://secwatch.observer/filing/0001174947-22-001036.json
- Plain text: https://secwatch.observer/filing/0001174947-22-001036.txt

## Key facts
- Executive change
  Susan Eisenhauer was elected as Director at Magyar Bancorp, Inc..
  - Action: elected
  - Role: Director
  source text: On September 22, 2022, the Board of Directors of Magyar Bancorp, Inc. (the “Company”) elected Susan Eisenhauer, Michael F. Lombardi and Maureen Ruane to serve as Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1337068/000117494722001036/0001174947-22-001036-index.htm
- Executive change
  Maureen Ruane was elected as Director at Magyar Bancorp, Inc..
  - Action: elected
  - Role: Director
  source text: On September 22, 2022, the Board of Directors of Magyar Bancorp, Inc. (the “Company”) elected Susan Eisenhauer, Michael F. Lombardi and Maureen Ruane to serve as Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1337068/000117494722001036/0001174947-22-001036-index.htm
- Executive change
  Michael F. Lombardi was elected as Director at Magyar Bancorp, Inc..
  - Action: elected
  - Role: Director
  source text: On September 22, 2022, the Board of Directors of Magyar Bancorp, Inc. (the “Company”) elected Susan Eisenhauer, Michael F. Lombardi and Maureen Ruane to serve as Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1337068/000117494722001036/0001174947-22-001036-index.htm

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