Filing Overview
Northeast Community Bancorp, Inc. filed a Form 8-K dated May 25, 2023, reporting the results of its annual stockholders’ meeting held on that date. The company’s common stock trades on Nasdaq under the symbol NECB.
Annual Meeting Results
Election of Directors
Stockholders elected the following directors to three-year terms:
| Director | For | Withheld |
|---|---|---|
| Jose M. Collazo | 8,158,388 | 513,563 |
| John F. McKenzie | 7,124,640 | 1,547,311 |
| Kevin P. O’Malley | 7,310,579 | 1,361,372 |
| Linda M. Swan | 8,171,294 | 500,657 |
There were 3,129,465 broker non-votes on the director election proposal.
Independent Auditor Ratification
Stockholders ratified the appointment of S.R. Snodgrass, P.C. as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.
| Vote | Shares |
|---|---|
| For | 11,486,867 |
| Against | 188,689 |
| Abstain | 125,860 |
There were no broker non-votes on the auditor ratification proposal.
Financial Metrics and Material Changes
The filing reports no revenue, profit, cash flow, margin, debt, liquidity, balance-sheet, or other operating metrics. It does not provide a comparison with a prior period or disclose material financial changes.
Guidance, Outlook, Risks, and Unusual Items
The filing contains no management guidance, business outlook, new risk disclosures, contingencies, or unusual financial items. Its substantive purpose is to report stockholder voting results.
Key Facts to Verify
- Confirm the elected directors’ three-year terms and subsequent board composition.
- Verify the vote totals, including the number of broker non-votes for the director election.
- Confirm S.R. Snodgrass, P.C.’s appointment for the fiscal year ending December 31, 2023.
- Review subsequent filings for financial results, changes in liquidity or capital, and any additional governance developments.