SEC Filing Summary: Northeast Community Bancorp, Inc. (NECB)
Business Context and Reporting Period
This Form 8-K Current Report, dated May 22, 2025, covers the results of the Company's annual meeting of stockholders held on that date. Northeast Community Bancorp, Inc. is an emerging growth company incorporated in Maryland, with its principal executive offices in White Plains, New York. Its common stock trades on The Nasdaq Stock Market LLC under the symbol NECB.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance voting results and does not contain financial performance data.
Material Changes
No material changes to financial operations or business strategy are reported in this filing. The document solely reports the ratification of the independent auditor and the election of directors.
Guidance, Outlook, and Voting Results
The filing details the final voting results for two matters submitted to stockholders:
- Election of Directors: Three individuals were elected to three-year terms.
- Charles M. Cirillo: 6,550,609 votes FOR; 995,983 votes WITHHELD.
- Eugene M. Magier: 5,732,855 votes FOR; 1,813,737 votes WITHHELD.
- Kenneth A. Martinek: 7,009,242 votes FOR; 537,350 votes WITHHELD.
- Total broker non-votes on this proposal: 2,277,629.
- Ratification of Independent Auditor: The appointment of S.R. Snodgrass, P.C. for the fiscal year ending December 31, 2025, was ratified.
- 9,441,616 votes FOR.
- 98,442 votes AGAINST.
- 284,163 votes ABSTAIN.
- No broker non-votes were recorded for this proposal.
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the standard disclosure of the voting outcomes.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to calculate the percentage of votes cast for each director and the auditor ratification.
- Confirm the tenure and background of the newly elected directors (Cirillo, Magier, Martinek) as they serve three-year terms.
- Review the Company's subsequent 10-K or 10-Q filings for the actual financial performance data, as this 8-K contains none.
- Note the significant number of broker non-votes (2,277,629) on the director election, which may indicate shares held in street name where voting instructions were not received.