CFSB Bancorp faces two shareholder lawsuits over merger proxy; supplements disclosures

CFSB Bancorp, Inc. /MA/

Two lawsuits filed Aug. 27 in NY Supreme Court (Johnson, Smith) and six demand letters allege false/misleading proxy statement.
Company denies allegations and says proxy complies with law, but adds supplemental disclosures to moot claims and avoid litigation costs/delays.
Supplemental disclosures include updated comparable company table, Piper Sandler's 11.58% discount rate, and pro forma capital ratios (tangible common equity/tangible assets 7.96% at closing).

item 8.01

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