SECURITY FEDERAL CORP shareholders approved Advisory approval of the compensation of the Company's named executive officers at the 2024-05-09 meeting.
“Proposal 2 . Advisory approval of the compensation of the Company’s named executive officers. This proposal received the following votes: For Percentage of shares present Against Percentage of shares present Abstain Percentage of shares present Broker Non-Votes 2,181,201 93% 145,028 6% 26,065 1% 301,217”
Shareholder Votes
SECURITY FEDERAL CORP shareholders approved Election of Directors at the 2024-05-09 meeting.
“The following individuals were elected as directors: FOR WITHHELD BROKER NON-VOTES No. of votes No. of votes No. of votes Timothy W. Simmons 2,145,978 206,316 301,217 Harry O. Weeks, Jr. 2,207,275 145,019 301,217 Roy G. Lindburg 2,207,575 144,719 301,217”
Earnings Releases
SECURITY FEDERAL CORP reported quarter ended March 31, 2024 results: net income $1.8 million, EPS $0.54 per common share.
“The Company reported net income of $1.8 million, or $0.54 per common share, for the quarter ended March 31, 2024 compared to $2.7 million, or $0.82, for the first quarter of 2023.”
Earnings Releases
SECURITY FEDERAL CORP reported the year ended December 31, 2023 results: net income $10.2 million, EPS $3.14 per common share.
“Net income was $10.2 million, or $3.14 per common share, for both the years ended December 31, 2023 and 2022.”
Earnings Releases
SECURITY FEDERAL CORP reported the quarter ended December 31, 2023 results: net income $3.6 million, EPS $1.12 per common share.
“The Company reported net income of $3.6 million, or $1.12 per common share, for the quarter ended December 31, 2023 compared to $3.3 million, or $1.01 per common share, for the fourth quarter of 2022.”
Governance Changes
SECURITY FEDERAL CORP: Deleted Article V, Section 12 - Age Limitation for Officers, which set an age limit of 70 1/2 years old.
“Security Federal Corporation (“Company”)’s Board of Directors approved an amendment of its Bylaws to delete in its entirety Article V – Officers – Section 12. Age Limitation – Officers , which previously contained an age limit of 70 1⁄2 years old for officers of the Company. This amendment is effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.