Citizens Community Bancorp Reports Stockholder Board Nomination Request

What Happened Citizens Community Bancorp, Inc. (CZWI) reported that at an investor meeting on July 27, 2026, Andrew Schornack and others identified in a Schedule 13D/A filed July 29, 2026 (the “Reporting Persons”) requested a seat on the Company’s Board of Directors. The Company noted it had just held its Annual Meeting on June 16, 2026 (when stockholders elected three Class II directors with terms ending in 2029), and that there are currently no Board vacancies. The Board’s Governance and Nomination Committee will consider the request and—if it recommends creating a vacancy—will evaluate any nominee under the Company’s Corporate Governance Guidelines. The filing states there is no assurance the Committee or the Board will approve an appointment.

Key Details

• Meeting with Reporting Persons took place July 27, 2026; Schedule 13D/A was filed July 29, 2026.
• Annual Meeting of Stockholders occurred June 16, 2026; three Class II directors were elected with terms through 2029.
• The Board currently has no vacancies; the Governance and Nomination Committee will review any nominee per governance guidelines.
• The Company emphasized it will act in the best interests of all stockholders and made no assurance of a nominee appointment.

Why It Matters This 8-K documents shareholder engagement requesting Board representation and the Company’s formal process for handling that request. For investors, the key takeaways are that the request is official and under committee review, and further disclosures (e.g., Committee recommendations, Board actions, or additional Schedule 13D/A/14 filings) may follow. Monitor subsequent SEC filings and proxy materials for updates that could affect governance or corporate strategy.