Magyar Bancorp, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2021 Annual Meeting of Stockholders held on February 18, 2021. Magyar Bancorp, Inc. is a Delaware corporation with principal executive offices in New Brunswick, New Jersey, and its common stock trades on The NASDAQ Stock Market under the symbol MGYR.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance matters and does not contain financial performance data.
Material Changes
No material financial changes were reported in this filing. The document details the outcomes of shareholder votes regarding board composition and auditor ratification.
Guidance, Outlook, and Management Commentary
The filing contains no guidance, outlook, or management commentary regarding future financial performance. It confirms the ratification of RSM US LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2021.
Key Facts for Investor Verification
- Director Elections: Andrew G. Hodulik, Martin A. Lukacs, and Jon R. Ansari were elected to serve three-year terms.
- Voting Results:
- Andrew G. Hodulik: 4,253,171 votes for; 711,932 withheld.
- Martin A. Lukacs: 4,328,781 votes for; 636,322 withheld.
- Jon R. Ansari: 4,347,831 votes for; 617,272 withheld.
- Auditor Ratification: RSM US LLP was ratified with 5,349,558 votes for, 6,354 against, and 9,988 abstentions.
- Broker Non-Votes: 400,797 broker non-votes were recorded for each director nominee.