Magyar Bancorp, Inc. 8-K

What Happened

• Magyar Bancorp, Inc. held its Annual Meeting on February 11, 2026 and filed an 8-K (Item 5.07) reporting the stockholder votes. Susan Eisenhauer and Maureen Ruane were elected as directors for three-year terms (each to serve until their successors are elected and qualified).
• The advisory (non‑binding) vote to approve named executive officer compensation (say‑on‑pay) was approved by stockholders. RSM US LLP was ratified as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2026.

Key Details

• Director elections (three‑year terms): Susan Eisenhauer — For: 2,978,702; Withheld: 723,267; Broker non‑votes: 1,052,123. Maureen Ruane — For: 2,938,424; Withheld: 772,545; Broker non‑votes: 1,052,123.
• Say‑on‑pay (advisory): For: 3,434,822; Against: 171,510; Abstentions: 104,637; Broker non‑votes: 1,052,124.
• Auditor ratification: RSM US LLP ratified — For: 4,628,684; Against: 71,206; Abstentions: 63,202; Broker non‑votes: none reported.

Why It Matters

• The election of two directors and the auditor ratification provide continuity in Magyar Bancorp’s governance and external oversight, which can be reassuring to investors evaluating board stability and financial reporting continuity.
• The strong advisory vote in favor of executive compensation signals shareholder support for the company’s pay practices (though the vote is non‑binding). The presence of significant broker non‑votes on director and compensation items indicates some shares were held by brokers without voting instructions, which affects the total votes cast on those matters.