{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-24-000251","form_type":"8-K","ticker":"MGYR","cik":"0001337068","company_name":"Magyar Bancorp, Inc.","filed_at":"2024-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.865004+00:00","generated_at":"2026-06-05T16:49:06.550263+00:00","sec_items":["5.02","5.07","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Two directors retire from Magyar Bancorp boards; new directors elected","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-24-000251","json":"https://secwatch.observer/filing/0001174947-24-000251.json","markdown":"https://secwatch.observer/filing/0001174947-24-000251.md","text":"https://secwatch.observer/filing/0001174947-24-000251.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337068/000117494724000251/0001174947-24-000251-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337068/000117494724000251/form8k-31604_mgyr.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T16:49:06.550263+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d5b42df0e","claim":"Edward C. Stokes retired as Director at Magyar Bancorp, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494724000251/0001174947-24-000251-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"1c197db418","claim":"Michael F. Lombardi retired as Director at Magyar Bancorp, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494724000251/0001174947-24-000251-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5fe01b59cb04e8bc5e397b403178ec4a8c3659e9","claim":"Magyar Bancorp, Inc. shareholders approved Election of directors at the 2024-02-22 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494724000251/0001174947-24-000251-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-02-22"}],"fact_type":"shareholder_vote"},{"claim_id":"a95dbce7db2c57fbcb302e2129e7d6208874a1ac","claim":"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.","evidence_excerpt":"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 —","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494724000251/0001174947-24-000251-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-02-22"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}