Catalyst Bancorp, Inc. Form 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 16, 2023. The company is incorporated in Louisiana and its common stock trades on the Nasdaq Capital Market under the symbol CLST.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance matters and shareholder voting results.
Material Changes and Voting Results
Shareholders voted on two primary proposals at the Annual Meeting:
- Quorum: 3,654,577 shares were represented out of 5,058,612 eligible shares.
- Election of Directors: Shareholders elected Frederick R. Lafleur and Matthew L. Scruggins to three-year terms.
- Frederick R. Lafleur: 1,962,827 votes For, 908,673 Withheld, 783,077 Broker Non-votes.
- Matthew L. Scruggins: 2,608,444 votes For, 263,056 Withheld, 783,077 Broker Non-votes.
- Ratification of Auditors: Shareholders ratified the appointment of Castaing, Hussey & Lolan, LLC as the independent registered public accounting firm for the year ending December 31, 2023.
- 3,618,577 votes For, 32,725 Against, 3,275 Abstain.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirm the successful election of the proposed directors and the ratification of the external auditor.
- Review the specific vote counts to assess shareholder sentiment, particularly the number of withheld votes for Frederick R. Lafleur.
- Verify the appointment of Castaing, Hussey & Lolan, LLC as the auditor for the fiscal year ending December 31, 2023.
- Note that this filing contains no financial performance data; refer to the most recent 10-Q or 10-K for financial metrics.