Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Lake Shore Bancorp, Inc. /MD/: Amended and restated bylaws to allow the Board to waive director qualification requirements by a two-thirds vote (effective 2026-03-17).
- Change
- bylaw amendment
- Effective
- 2026-03-17
Exact text from the filing
On March 17, 2026, the Board of Directors of the Company amended and restated the Company’s Bylaws to allow the Board of Directors to waive any director qualification requirements set forth in the Company’s Bylaws if the Board of Directors determines, by a two-thirds vote of the directors, it is in the best interest of the Company to waive such qualification.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Lake Shore Bancorp, Inc. /MD/ entered into Standstill Agreement with Stilwell Activist Fund, L.P., Stilwell Activist Investments, L.P., Stilwell Partners, L.P., Stilwell Value LLC, Joseph Stilwell (collectively, the “Stilwell Group”) and Dennis Pollack (effective 2026-03-17).
- Action
- entry
- Counterparty
- Stilwell Activist Fund, L.P., Stilwell Activist Investments, L.P., Stilwell Partners, L.P., Stilwell Value LLC, Joseph Stilwell (collectively, the “Stilwell Group”) and Dennis Pollack
- Effective
- 2026-03-17
Exact text from the filing
On March 17, 2026, Lake Shore Bancorp, Inc. (the “Company”) entered into a Standstill Agreement (the “Agreement”) with Stilwell Activist Fund, L.P. (“Activist Fund”), Stilwell Activist Investments, L.P. (“Activist Investments”), Stilwell Partners, L.P. (“Stilwell Partners”), Stilwell Value LLC, (“Stilwell Value”), Joseph Stilwell (collectively, with Activist Fund, Activist Investments, Stilwell Partners, and Stilwell Value, the “Stilwell Group,” and each individually, a “Stilwell Group Member”) and Dennis Pollack.
View on SEC.gov