8-K
filed February 23, 2024, 6:59 PM ET
ticker MGYR
CIK 0001337068
leadership
confidence high
sentiment neutral
materiality 0.20
Two directors retire from Magyar Bancorp boards; new directors elected
Magyar Bancorp, Inc.
- Edward C. Stokes and Michael F. Lombardi retired from the boards of Magyar Bancorp and Magyar Bank due to mandatory retirement age.
- Stockholders elected Jon R. Ansari (3,996,908 votes for) and Andrew G. Hodulik (3,281,813 votes for) as directors.
- Ratification of S.R. Snodgrass, P.C. as independent auditor for fiscal year ending Sept 30, 2024 passed with 4,956,126 votes for.
- Broker non-votes of 876,875 were recorded for director elections.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Edward C. Stokes retired as Director at Magyar Bancorp, Inc..
- Action
- retired
- Role
- Director
Exact text from the filing
Effective upon the completion of the 2024 Annual Meeting of Stockholders of Magyar Bancorp, Inc. (the “Company”), each of Edward C. Stokes and Michael F. Lombardi retired from the Boards of Directors of the Company and Magyar Bank (the “Bank”), the Company’s wholly owned subsidiary, due to reaching the mandatory director retirement age.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael F. Lombardi retired as Director at Magyar Bancorp, Inc..
- Action
- retired
- Role
- Director
Exact text from the filing
Effective upon the completion of the 2024 Annual Meeting of Stockholders of Magyar Bancorp, Inc. (the “Company”), each of Edward C. Stokes and Michael F. Lombardi retired from the Boards of Directors of the Company and Magyar Bank (the “Bank”), the Company’s wholly owned subsidiary, due to reaching the mandatory director retirement age.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Magyar Bancorp, Inc. shareholders approved Election of directors at the 2024-02-22 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-02-22
Exact text from the filing
Matter 1. The election of Jon R. Ansari, MBA and Andrew G. Hodulik, CPA as directors of the Company, each to serve a three-year term and until their successor is elected and qualified. Nominee Shares Voted For Shares Withheld Broker Non-Votes Jon R. Ansari, MBA 3,996,908 174,857 876,875 Andrew G. Hodulik, CPA 3,281,813 889,952 876,875
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Magyar Bancorp, Inc. shareholders approved Ratification of appointment of S.R. Snodgrass, P.C. as independent registered public accounting firm at the 2024-02-22 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-02-22
Exact text from the filing
Matter 2. The ratification of the appointment of S.R. Snodgrass, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2024. Shares Voted For Shares Voted Against Abstentions Broker non-votes 4,956,126 44,669 47,846 —
View on SEC.gov
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