Business Context and Reporting Period
Company: Marathon Bancorp, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 31, 2025
Event: Special Meeting of Stockholders and completion of a Plan of Conversion and Reorganization.
Key Financial Metrics
This filing is a current report regarding corporate governance and structural changes. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metric.
Material Changes
The primary material change reported is the successful conversion of the company from a mutual holding company structure to a stock holding company structure. This was achieved through the merger of Marathon MHC with and into Marathon Bancorp, Inc., and an amendment to the Company's articles of incorporation.
Guidance, Outlook, and Management Commentary
Stockholder Approval: On March 31, 2025, stockholders approved the Plan of Conversion and Reorganization. The vote results were as follows:
- Plan of Conversion: 1,861,535 votes For, 1,055 Against, 300 Abstain (including Marathon MHC votes).
- Adjournment Proposal: 1,861,735 votes For, 1,055 Against, 100 Abstain.
Member Approval: Members of Marathon MHC also approved the Plan of Conversion and Reorganization on the same date.
Completion: The Company announced the completion of the community offering and the receipt of necessary approvals via a press release filed as an exhibit.
Investor Verification Checklist
- Verify the final terms of the community offering referenced in the press release (Exhibit 99.1).
- Confirm the updated capital structure following the merger of Marathon MHC into the Company.
- Review the amended articles of incorporation to understand changes in governance or share class rights.
- Check subsequent filings (e.g., 10-Q or 10-K) for the first financial reporting period under the new stock holding company structure.