Affinity Bancshares, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Affinity Bancshares, Inc. will hold its 2024 Annual Meeting of Stockholders exclusively via live webcast on May 22, 2024.</b>

AI Summary

Affinity Bancshares, Inc. (AFBI) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. Annual Meeting to be held exclusively via live webcast on May 22, 2024, at 10:00 a.m. ET. Stockholders can participate by visiting https://www.cstproxy.com/affinitybancshares/2024 with their control number. Telephone access for listening only is available at 1-800-450-7155 with passcode 7413801#. Business includes election of directors, ratification of Wipfli LLP as independent auditor for FY2024, and advisory vote on executive compensation. Annual Report for the year ended December 31, 2023, is enclosed for review.

Why It Matters

For investors and stakeholders tracking Affinity Bancshares, Inc., this filing contains several important signals. The shift to a virtual-only meeting format may impact stockholder participation and engagement compared to in-person meetings. Key decisions regarding director elections, auditor ratification, and executive compensation will be made, influencing corporate governance and financial oversight.

Risk Assessment

Risk Level: low — Affinity Bancshares, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial performance data or significant strategic changes.

Analyst Insight

Stockholders should review the proxy materials to understand the proposals and cast their votes accordingly, particularly concerning director elections and executive compensation.

Key Numbers

• 2024 — Annual Meeting Year (2024 Annual Meeting of Stockholders.)
• May 22 — Meeting Date (Annual Meeting will be held on May 22, 2024.)
• 10:00 a.m. ET — Meeting Time (Annual Meeting starts at 10:00 a.m. Eastern time.)
• 2024 — Auditor Appointment Year (Ratification of Wipfli LLP as independent registered public accounting firm for the year ending December 31, 2024.)
• 2023 — Annual Report Year (Annual Report for the year ended December 31, 2023.)

Key Players & Entities

• Affinity Bancshares, Inc. (company) — Registrant and filer of the proxy statement.
• Wipfli LLP (company) — Proposed independent registered public accounting firm for the year ending December 31, 2024.
• May 22, 2024 (date) — Date of the 2024 Annual Meeting of Stockholders.
• 10:00 a.m., Eastern time (time) — Time of the 2024 Annual Meeting of Stockholders.
• May 17, 2024 (date) — Earliest date stockholders can register for the meeting.
• 1-800-450-7155 (phone_number) — Toll-free number for telephone access to the meeting.
• 7413801# (passcode) — Passcode for listening to the meeting by telephone.
• December 31, 2023 (date) — Fiscal year end for the Annual Report.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC regulations regarding proxy solicitations and annual meetings.
• Virtual Meeting Technology [low — operational]: Reliance on webcast technology for the annual meeting may present operational challenges if technical issues arise.
• Auditor Independence [low — financial]: The company must ensure its chosen auditor, Wipfli LLP, remains independent and meets all regulatory requirements.

Key Financial Figures

• $6,500 — aurel Hill Advisory Group, LLC a fee of $6,500 plus out-of-pocket expenses and charges
• $0.01 — 019;s shares of common stock, par value $0.01 per share, as of the close of business

Filing Documents

• afbi_proxy_2024_no_tag.htm (DEF 14A) — 585KB
• img97102231_0.jpg (GRAPHIC) — 8KB
• img97102231_1.gif (GRAPHIC) — 3KB
• img97102231_2.gif (GRAPHIC) — 15KB
• img97102231_3.gif (GRAPHIC) — 15KB
• img97102231_4.jpg (GRAPHIC) — 970KB
• img97102231_5.jpg (GRAPHIC) — 335KB
• 0000950170-24-044079.txt (&nbsp;) — 2438KB

From the Filing

DEF 14A 1 afbi_proxy_2024_no_tag.htm DEF 14A DEF 14A SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Affinity Bancshares, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. April 12, 2024 Dear Fellow Stockholder: We cordially invite you to attend the 2024 Annual Meeting of Stockholders of Affinity Bancshares, Inc. The Annual Meeting will be held exclusively via live webcast on May 22, 2024, at 10:00 a.m., Eastern time. Please note that we are holding the annual meeting online. Stockholders will not be able to attend the annual meeting in person. To participate in the meeting, visit https://www.cstproxy.com/affinitybancshares/2024 , and enter the 12 digit control number included on your proxy card. You may register for the meeting as early as 10:00 a.m., Eastern time, on May 17, 2024. If you hold your shares through a bank, broker or other nominee, you will need to take additional steps to participate in the meeting, as described in the Proxy Statement. If you do not wish to participate in the meeting, but you merely wish to listen to the proceedings, we have set up telephone access for those purposes. In that case, please call, toll-free (within the United States and Canada), 1-800-450-7155. The passcode for listening by telephone is 7413801#. The enclosed Notice of Annual Meeting and Proxy Statement describe the formal business to be transacted. During the annual meeting, we will also report on the operations of Affinity Bancshares, Inc. Also enclosed for your review is our Annual Report for the year ended December 31, 2023, which contains information concerning our activities and operating performance. Our directors and officers, as well as a representative of our independent registered public accounting firm, will be available to respond to any questions that stockholders may have. The business to be conducted at the annual meeting consists of the election of directors, the ratification of the appointment of Wipfli LLP as the independent registered public accounting firm for the year ending December 31, 2024, and the consideration of an advisory, non-binding resolution with respect to the executive compensation described in the Proxy Statement. The Board of Directors has determined that the matters to be considered at the annual meeting are in the best interest of Affinity Bancshares, Inc. and its stockholders, and the Board of Directors unanimously recommends a vote &#x201c;FOR&#x201d; the election of directors, and &#x201c;FOR&#x201d; the ratification of the appointment of our independent registered public accounting firm, &#x201c;FOR&#x201d; the advisory, non-binding proposal on executive compensation. On behalf of the Board of Directors, we urge you to sign, date, and return the enclosed proxy card as soon as possible, even if you currently plan to attend the annual meeting. This will not prevent you from voting during the meeting, but will assure that your vote is counted if you are unable to vote during the meeting. Your vote is important, regardless of the number of shares that you own. Our Proxy Statement and the 2023 Annual Report are available at: https://www.cstproxy.com/affinitybancshares/2024 . Sincerely, Edward J. Cooney Chief Executive Officer Affinity Bancshares, Inc. 3175 Highway 278 Covington, Georgia 30014 (770) 786-7088 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To Be Held On May 22, 2024 Notice is hereby given that the 2024 Annual Meeting of Stockholders of Affinity Bancshares, Inc. will be held via live webcast on May 22, 2024, at 10:00 a.m., Eastern time. To participate in the meeting, visit https://www.cstproxy.com/affinitybancshares/2024 , and enter the 12 digit control number included on your proxy card. You may register for the meeting as early as 10:00 a.m., Eastern time, on May 17, 2024. If you hold your shares through a bank, broker or other nominee, you will need to take additional steps to participate in the meeting, as described in the Proxy Statement. A Proxy Card and Proxy Statement for the annual meeting are enclosed. The annual meeting is for the purpose of considering and acting upon: 1. the election of three directors; 2. the ratification of the appointment of Wipfli LLP as the independent registered public accounting firm fo

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View this DEF 14A filing on SEC EDGAR