secwatch.observer — SEC 8-K summary
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Issuer:     Lake Shore Bancorp, Inc. /MD/ (LSBK)
CIK:        0002059653
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001193125-25-123195
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lake Shore Bancorp engages Raymond James for stock conversion; success fee 1.35%, syndicated fee 6%
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- Raymond James to market common stock in MHC conversion; S-1 effective May 14, 2025.
- Success fee: 1.35% of aggregate shares sold in subscription & community offerings, excluding insider purchases.
- Syndicated community offering fee: 6%; plus $30,000 records agent fee and expense reimbursements.
- Agency Agreement governs marketing services; no fee payable on insider/employee shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2059653/000119312525123195/0001193125-25-123195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2059653/000119312525123195/d947421d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-123195

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer