NorthEast Community Bancorp, Inc./MD/ 8-K

What Happened

• NorthEast Community Bancorp, Inc. (NECB) filed an 8-K on May 26, 2026 reporting results of its annual meeting held May 21, 2026. Stockholders re-elected four directors, approved the NorthEast Community Bancorp, Inc. 2026 Equity Incentive Plan, and ratified S.R. Snodgrass, P.C. as the Company’s independent registered public accounting firm for fiscal 2026. The Plan’s material terms were summarized in the Company’s definitive proxy statement (filed April 10, 2026; pages 12–21) and the full Plan appears as Appendix A to that proxy.

Key Details

• Director election results (three-year terms): Lynette Bennett — FOR 8,529,022; WITHHELD 341,140. Jose M. Collazo — FOR 8,269,155; WITHHELD 601,007. John F. McKenzie — FOR 6,866,825; WITHHELD 2,003,337. Joel L. Morgenthau — FOR 8,237,951; WITHHELD 632,211. (There were 2,328,210 broker non‑votes on these matters.)
• 2026 Equity Incentive Plan vote: FOR 8,177,774; AGAINST 553,081; ABSTAIN 139,307. (2,328,210 broker non‑votes.)
• Auditor ratification: S.R. Snodgrass, P.C. was ratified as independent auditor: FOR 10,833,710; AGAINST 138,801; ABSTAIN 225,861. (No broker non‑votes on this item.)

Why It Matters

• Board continuity and the approved equity plan affect governance and executive/employee compensation structure; investor ownership dilution and incentive costs stem from the Plan’s terms (detailed in the proxy). Ratification of the auditor confirms the firm that will audit NECB’s fiscal 2026 financial statements. These are governance actions that can influence investor confidence and future disclosures, including equity‑based expense and potential share issuance.