Business Context and Reporting Period
This Form 8-K Current Report from Northeast Community Bancorp, Inc. (NECB) covers events occurring on May 21, 2026. The filing reports on the outcomes of the Company's annual meeting of stockholders, including the election of directors, the approval of a new equity incentive plan, and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and shareholder voting results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders at the annual meeting held on May 21, 2026:
- Election of Directors: Four individuals were elected to three-year terms.
- Lynette Bennett: 8,529,022 FOR; 341,140 WITHHELD.
- Jose M. Collazo: 8,269,155 FOR; 601,007 WITHHELD.
- John F. McKenzie: 6,866,825 FOR; 2,003,337 WITHHELD.
- Joel L. Morgenthau: 8,237,951 FOR; 632,211 WITHHELD.
There were 2,328,210 broker non-votes on this proposal.
- 2026 Equity Incentive Plan: The plan was approved by stockholders.
- FOR: 8,177,774
- AGAINST: 553,081
- ABSTAIN: 139,307
There were 2,328,210 broker non-votes on this proposal.
- Ratification of Independent Auditor: S.R. Snodgrass, P.C. was ratified for the fiscal year ending December 31, 2026.
- FOR: 10,833,710
- AGAINST: 138,801
- ABSTAIN: 225,861
There were no broker non-votes on this proposal.
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, outlook, or specific risk factors. It references the definitive proxy statement on Schedule 14A (filed April 10, 2026) for the full text and material terms of the 2026 Equity Incentive Plan.
Investor Verification Checklist
- Verify the full terms of the 2026 Equity Incentive Plan in the Schedule 14A Proxy Statement filed on April 10, 2026.
- Review the broker non-vote count (2,328,210) to understand the impact on voting power for director elections and the equity plan.
- Confirm the tenure of the newly elected directors, each serving a three-year term.
- Check subsequent filings for the Company's audited financial statements for the fiscal year ending December 31, 2026, as this 8-K does not contain financial data.