Catalyst Bancorp, Inc. 8-K

What Happened Catalyst Bancorp, Inc. (CLST) filed an 8-K reporting the results of its Annual Meeting held May 19, 2026 (filed May 21, 2026). Shareholders elected Frederick R. Lafleur and Matthew L. Scruggins to three-year terms on the board and ratified BDO USA, P.C. as the company’s independent registered public accounting firm for 2026.

Key Details

• 4,058,297 shares were eligible to vote; 2,932,637 shares were represented in person or by proxy (quorum).
• Director election votes:
  • Frederick R. Lafleur — For: 1,473,154; Withheld: 790,019; Broker non-votes: 669,464.
  • Matthew L. Scruggins — For: 1,578,557; Withheld: 684,616; Broker non-votes: 669,464.
• Auditor ratification (BDO USA, P.C.) — For: 2,926,395; Against: 515; Abstain: 5,727.

Why It Matters The elections confirm the company’s board composition for the next three years and provide continuity in governance. Ratifying BDO USA, P.C. keeps the company’s independent audit relationship in place for 2026, which matters for ongoing financial reporting and oversight. The presence of 669,464 broker non-votes on director ballots indicates a portion of shares were not entitled or instructed to vote on those items, which can affect the practical voting majority on director elections.