secwatch / observer

SECURITY FEDERAL CORP — fact timeline

Source-grounded facts extracted from SECURITY FEDERAL CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

SFDL SECURITY FEDERAL CORP JSON
Shareholder Votes

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.”
Earnings Releases

SECURITY FEDERAL CORP reported the nine months ended September 30, 2023 results: net income net income of $6.6 million, EPS $2.02 per common share.

“Year to date net income was $6.6 million, or $2.02 per common share, for the nine months ended September 30, 2023”
Earnings Releases

SECURITY FEDERAL CORP reported the quarter ended September 30, 2023 results: net income net income of $2.1 million, EPS $0.65 per share.

“The Company reported net income of $2.1 million, or $0.65 per share, for the quarter ended September 30, 2023”
Earnings Releases

SECURITY FEDERAL CORP reported the three and six months ended June 30, 2023 results: net income $1.8 million, or $0.55 per share, for the quarter ended June 30, 2023, EPS $0.55 per share.

“The Company reported net income of $1.8 million, or $0.55 per share, for the quarter ended June 30, 2023 compared to $2.2 million, or $0.67 per share, for the second quarter of 2022. Year to date net income was $4.5 million, or $1.37 per common share, for the six months ended June 30, 2023 compared to $3.7 million, or $1.14 per common share, during the six months ended June 30, 2022.”
Shareholder Votes

SECURITY FEDERAL CORP shareholders voted on Advisory approval of the compensation of the Company’s named executive officers. at the 2023-05-11 meeting.

“Proposal 3 . Advisory approval of the compensation of the Company’s named executive officers. This proposal received the following votes: One Year Percentage of shares present Two Years Percentage of shares present Three Years Percentage of shares present Abstain Percentage of shares present Broker Non- Votes 1,586,729 64.67% 158,803 6.48% 577,457 23.55% 130,143 5.30% 369,912”
Shareholder Votes

SECURITY FEDERAL CORP shareholders approved Advisory approval of the compensation of the Company’s named executive officers. at the 2023-05-11 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 2,307,944 94.10% 134,273 5.48% 10,307 0.42% 369,912”
Shareholder Votes

SECURITY FEDERAL CORP shareholders approved Election of Directors at the 2023-05-11 meeting.

“Proposal 1 . Election of Directors. The following individuals were elected as directors: FOR WITHHELD BROKER NON-VOTES No. of votes No. of votes No. of votes Robert E. Alexander 2,309,363 143,161 369,912 William Clyburn 2,311,788 140,736 369,912 Frank M. Thomas, Jr. 2,318,221 134,303 369,912 Jessica T. Cummins 2,285,406 167,118 369,912”
Earnings Releases

SECURITY FEDERAL CORP reported the quarter ended March 31, 2023 results: net income net income of $2.7 million, EPS $0.82 per share.

“The Company reported net income of $2.7 million, or $0.82 per share, for the quarter ended March 31, 2023 compared to $1.5 million, or $0.48 per share, for the first quarter of 2022.”
Earnings Releases

SECURITY FEDERAL CORP reported the quarter and year ended December 31, 2022 results: net income Net income was $10.2 million, or $3.14 per common share, for 2022 compared to $12.8 million, or $3.93 per common share,, EPS $3.14 per common share.

“the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ] Item 2.02 Results of Operations and Financial Condition On February 6, 2023, Security Federal Corporation issued its earnings release for the quarter and year ended December 31, 2022.”
Earnings Releases

SECURITY FEDERAL CORP reported the nine months ended September 30, 2022 results: net income $6.9 million, EPS $2.13 per common share.

“Year to date net income was $6.9 million, or $2.13 per common share, for the nine months ended September 30, 2022”
Earnings Releases

SECURITY FEDERAL CORP reported the quarter ended September 30, 2022 results: net income $3.2 million, EPS $0.99 per common share.

“Net income was $3.2 million, or $0.99 per common share, for the quarter ended September 30, 2022”

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.