Lake Shore Bancorp, Inc. /MD/ 8-K

What Happened

• Lake Shore Bancorp, Inc. (LSBK) held its Annual Meeting of Shareholders on May 20, 2026 and filed an 8-K reporting the results. Shareholders elected three Class Three directors for three-year terms expiring in 2029: Michelle M. DeBergalis, Jack L. Mehltretter and Dennis S. Pollack. Vote totals were: DeBergalis — For 4,345,346; Withheld 468,365 (broker non-votes 1,119,394); Mehltretter — For 4,390,548; Withheld 423,163 (broker non-votes 1,119,394); Pollack — For 4,690,640; Withheld 123,071 (broker non-votes 1,119,394).
• Shareholders approved the advisory (non-binding) vote on executive compensation, selected a one-year frequency for future advisory votes on executive compensation, and ratified Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. Key vote totals: say-on-pay — For 3,988,849; Against 486,649; Abstained 338,213 (broker non-votes 1,119,394). Frequency — 1 year received 4,464,166 votes. Auditor ratification — For 5,895,190; Against 26,814; Abstained 11,101.
• Consistent with the shareholder frequency vote and the Board’s recommendation, the Company will include an annual advisory vote on named executive officer compensation in its proxy materials until the next required frequency vote.

Key Details

• Annual Meeting date and filing: May 20, 2026 (Form 8-K filed the same day).
• Directors elected to three-year terms ending 2029: DeBergalis, Mehltretter, Pollack (individual vote counts listed above).
• Advisory say-on-pay: approved (For = 3,988,849); annual frequency chosen (1 year = 4,464,166).
• Auditor ratified: Yount, Hyde & Barbour, P.C. (For = 5,895,190).

Why It Matters

• Board continuity: Election of the three directors maintains leadership and oversight through 2029, which can affect strategy and governance.
• Executive compensation oversight: Shareholder approval of the non-binding say-on-pay and the selection of annual votes signals investor support and means LSBK will report and seek approval of named executive officer pay yearly.
• Audit oversight: Ratification of the independent auditor confirms continuity in financial reporting oversight for the 2026 fiscal year.

(Report signed by Taylor M. Gilden, CFO and Treasurer, May 20, 2026.)