SR Bancorp, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by SR Bancorp, Inc. (SRBK) on November 21, 2024, regarding events occurring on November 20, 2024. The filing documents the results of the Company's Annual Meeting of Stockholders held on that date.
Key Financial Metrics
This filing is a corporate governance report and does not contain financial performance data. The text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes and Corporate Actions
The following matters were submitted to a vote of security holders and approved:
- Election of Directors: Mary E. Davey, Thomas Lupo, and John W. Mooney were elected to three-year terms.
- Equity Incentive Plan: Stockholders approved the SR Bancorp, Inc. 2024 Equity Incentive Plan.
- Independent Auditor: The appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2025, was ratified.
Voting Results
| Matter | For | Against/Withhold | Abstentions |
|---|---|---|---|
| Election of Mary E. Davey | 4,649,572 | 379,206 (Withhold) | N/A |
| Election of Thomas Lupo | 4,653,796 | 374,982 (Withhold) | N/A |
| Election of John W. Mooney | 4,611,525 | 444,163 (Withhold) | N/A |
| 2024 Equity Incentive Plan | 4,581,684 | 317,811 | 156,193 |
| Ratification of Auditor (Baker Tilly) | 7,140,225 | 177,082 | 22,443 |
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It strictly reports the administrative outcomes of the annual meeting.
Investor Verification Checklist
- Verify the specific terms and share limits of the newly approved 2024 Equity Incentive Plan (Exhibit 10.1).
- Confirm the engagement letter and scope of work with the newly ratified auditor, Baker Tilly US, LLP.
- Review the definitive proxy statement filed on October 17, 2024, for detailed biographical information on the newly elected directors.