UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Charter)
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| of Incorporation) | Identification No.) | |
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Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||
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The |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.07 | Submission of Matters to a Vote of Security Holders |
The 2022 Annual Meeting of Stockholders of Magyar Bancorp, Inc. (the “Company”) was held on February 16, 2022 (the “Annual Meeting”). The matters considered and voted on by the Company’s stockholders at the Annual Meeting and the vote of the stockholders were as follows:
Matter 1. The election John S. Fitzgerald, Thomas Lankey and Joseph A. Yelencsics, as directors of the Company, each to serve a three-year term and until his successor is elected and qualified.
| Nominee | Shares Voted For | Shares Withheld | Broker Non-Votes |
| John S. Fitzgerald | 3,679,415 | 124,013 | 1,127,216 |
| Thomas Lankey | 3,625,410 | 178,018 | 1,127,216 |
| Joseph A. Yelencsics | 3,640,351 | 163,077 | 1,127,216 |
Matter 2. The advisory, non-binding resolution to approve the compensation paid to the Company’s named executive officers.
| Shares Voted For | Shares
Voted Against |
Abstentions |
Broker non-votes | |||
| 3,467,850 | 237,417 | 98,161 | 1,127,216 |
Matter 3. The ratification of the appointment of RSM US LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2022.
| Shares Voted For | Shares
Voted Against |
Abstentions |
Broker non-votes | |||
| 4,844,776 | 50,514 | 35,354 | — |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On February 16, 2022, director Martin A. Lukacs retired from the Board of Directors pursuant to a provision of the Company’s bylaws that requires retirement from the Board at the Annual Meeting immediately following the year in which the Director attains age seventy-five (75).
| Item 9.01 | Financial Statements and Exhibits |
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c) | Not applicable |
| (d) | Not Applicable |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| MAGYAR BANCORP, INC. | ||
| DATE: February 18, 2022 | By: | /s/ John S. Fitzgerald |
| John S. Fitzgerald | ||
| President and Chief Executive Officer | ||