Stockholders approve conversion to stock holding company at Magyar Bancorp special meeting

Magyar Bancorp, Inc.

Plan of Conversion approved: 5,321,317 for, 7,186 against, 1,236 abstain (including MHC votes).
Excluding MHC votes: 2,120,867 for, 7,186 against, 1,236 abstain; proposal passed.
Adjournment proposal also passed: 5,318,485 for, 8,135 against, 3,119 abstain.
Conversion changes corporate structure from mutual holding company to stock holding company.

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