Catalyst Bancorp, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Shareholders held by Catalyst Bancorp, Inc. on May 21, 2024. The company is incorporated in Louisiana and its common stock trades on the Nasdaq Capital Market under the symbol CLST.
Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. It is a corporate governance report regarding shareholder voting outcomes.
Material Changes
There were no material financial changes reported in this document. The primary events were the successful election of directors and the ratification of the independent auditor.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking guidance, risk factors, or management commentary regarding future operations. The only significant outcome was the shareholder approval of the following:
- Election of three directors for a three-year term: Ted D. Bellard, Craig C. LeBouef, and Joseph B. Zanco.
- Ratification of Castaing, Hussey & Lolan, LLC as the independent registered public accounting firm for the year ending December 31, 2024.
Key Facts for Investors to Verify
- Voting Participation: Of 4,558,329 eligible shares, 3,508,736 shares (approximately 77%) were represented at the meeting.
- Director Election Results: All three nominees were elected, though significant "withheld" votes were recorded for Ted D. Bellard (726,969) and Craig C. LeBouef (1,077,713).
- Auditor Ratification: The appointment of the auditor was approved with 3,480,315 votes for, 28,220 against, and 201 abstentions.
- Broker Non-Votes: There were 991,425 broker non-votes recorded for each director nominee, indicating shares held in street name where brokers did not have discretionary voting authority.