Rhinebeck Bancorp, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K covers events occurring on June 29, 2026. Rhinebeck Bancorp, Inc. (NASDAQ: RBKB), a Maryland corporation, held a Special Meeting of Stockholders and received concurrent approval from depositors of Rhinebeck Bank regarding a structural reorganization.
Key Financial Metrics
This filing reports on corporate governance and structural changes rather than financial performance. The document does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The primary material event is the successful approval of the Amended and Restated Plan of Conversion and Reorganization. This plan facilitates the conversion of Rhinebeck Bancorp, MHC from a mutual holding company to a stock holding company structure, including the merger of Rhinebeck Bancorp, MHC with and into the Company.
Voting Results and Management Commentary
Management announced the receipt of both stockholder and depositor approvals via a press release filed as Exhibit 99.1. The voting results for the Plan of Conversion were as follows:
- Stockholder Vote (Including Rhinebeck Bancorp, MHC): 10,108,446 For; 7,369 Against; 441 Abstain.
- Stockholder Vote (Excluding Rhinebeck Bancorp, MHC): 3,762,471 For; 7,369 Against; 441 Abstain.
- Adjournment Proposal: 10,091,712 For; 24,113 Against; 431 Abstain.
Depositors of Rhinebeck Bank also approved the plan on the same date. No specific risks, contingencies, or unusual items were detailed in the text of this report beyond the standard execution of the reorganization.
Investor Verification Checklist
- Verify the final regulatory approval status of the conversion from mutual to stock holding company structure.
- Review the press release (Exhibit 99.1) for details on the post-conversion capital structure and share issuance.
- Confirm the effective date of the merger between Rhinebeck Bancorp, MHC and the Company.
- Monitor subsequent filings for the updated Articles of Incorporation and any changes to the company's financial reporting structure.