Ballston Spa Bancorp Reports 2026 Annual Meeting Vote Results

What Happened
Ballston Spa Bancorp, Inc. filed a Form 8-K reporting the results of its Annual Meeting of Shareholders held August 27, 2026. Shareholders elected directors for staggered terms and ratified the appointment of Crowe LLP as the company’s independent registered public accounting firm for fiscal year 2026. The filing was submitted under Section 15(d) of the Exchange Act (the company has no class of securities registered under Section 12).

Key Details

• Directors elected for three-year terms:
  • Paul N. DiCaprio — For: 699,213; Withhold: 37,162; Broker non-votes: 161,781
  • Michael S. Dunn — For: 700,657; Withhold: 35,718; Broker non-votes: 161,781
  • Beth A. Grasso — For: 698,930; Withhold: 37,445; Broker non-votes: 161,781
  • Aaron P. Flach — For: 693,791; Withhold: 42,584; Broker non-votes: 161,781
• Directors elected for two-year terms:
  • Joseph H. Warren — For: 687,371; Withhold: 49,004; Broker non-votes: 161,781
  • Carl A. Florio — For: 675,563; Withhold: 60,812; Broker non-votes: 161,781
• Director elected for one-year term:
  • Donald G. Persico — For: 700,428; Withhold: 35,947; Broker non-votes: 161,781
• Ratification of auditors (Crowe LLP) for 2026:
  • For: 892,051; Against: 4,648; Abstain: 1,457

Why It Matters
Board election results and auditor ratification are governance actions investors use to assess continuity and oversight. The elected slate and strong auditor ratification vote indicate shareholder support for current board leadership and the appointment of Crowe LLP. The filing under Section 15(d) (rather than Section 12/14 proxy rules) reflects the company’s reporting status and explains the form and disclosures used for reporting these meeting results.