Bogota Financial Corp. Announces 2024 Annual Stockholder Meeting

TL;DR

<b>Bogota Financial Corp. invites stockholders to its 2024 Annual Meeting on May 16, 2024, to elect a director and ratify auditors.</b>

AI Summary

Bogota Financial Corp. (BSBK) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. Bogota Financial Corp. will hold its 2024 Annual Meeting of Stockholders on May 16, 2024, at 11:00 a.m. local time. The meeting will take place at the Teaneck Marriott at Glenpointe in Teaneck, New Jersey. Key items of business include the election of one director, ratification of S.R. Snodgrass, P.C. as independent auditors for fiscal year 2024, and other business. Stockholders of record as of March 22, 2024, are eligible to vote. Shareholders are encouraged to vote by proxy via Internet, telephone, or mail, or in person at the meeting.

Why It Matters

For investors and stakeholders tracking Bogota Financial Corp., this filing contains several important signals. This filing is a proxy statement (DEF 14A) detailing the agenda and voting procedures for the annual meeting, crucial for shareholder participation in corporate governance. The meeting's agenda includes electing a director and ratifying the appointment of S.R. Snodgrass, P.C. as the independent auditor for fiscal year 2024, impacting oversight and financial reporting.

Risk Assessment

Risk Level: low — Bogota Financial Corp. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain significant new financial or operational information that would alter the risk profile.

Analyst Insight

Stockholders should review the proxy materials to understand the director nominee and auditor ratification, and ensure their vote is cast by the record date of March 22, 2024.

Key Numbers

• 2024-05-16 — Annual Meeting Date (Date of the 2024 Annual Meeting of Stockholders.)
• 11:00 a.m. — Meeting Time (Time of the 2024 Annual Meeting of Stockholders.)
• 2024-03-22 — Record Date (Date as of which stockholders must be registered to vote.)
• 2024 — Fiscal Year (Fiscal year for which S.R. Snodgrass, P.C. is proposed to serve as auditor.)

Key Players & Entities

• Bogota Financial Corp. (company) — Registrant and holding company for Bogota Savings Bank.
• Bogota Savings Bank (company) — Subsidiary of Bogota Financial Corp.
• Kevin Pace (person) — President and Chief Executive Officer of Bogota Financial Corp.
• S.R. Snodgrass, P.C. (company) — Proposed independent registered public accounting firm.
• Teaneck Marriott at Glenpointe (company) — Location of the annual meeting.

FAQ

Risk Factors

• Regulatory Compliance [low — regulatory]: The company must comply with SEC regulations regarding proxy solicitations and annual meetings.
• Meeting Logistics [low — operational]: Ensuring smooth execution of the annual meeting and proper tabulation of votes is critical.

Industry Context

Bogota Financial Corp. operates as a savings institution, a sector subject to specific financial regulations and market dynamics.

Regulatory Implications

As a financial institution, Bogota Financial Corp. is subject to oversight by banking regulators in addition to SEC rules governing public company disclosures.

What Investors Should Do

1. Review the proxy statement for details on the director nominee and the proposed independent auditor.
2. Ensure your shares are voted by the record date of March 22, 2024, using the provided proxy card or electronic voting options.
3. Consider attending the annual meeting on May 16, 2024, to vote in person.

Key Dates

• 2024-03-22: Record Date — Establishes eligibility for stockholders to vote at the annual meeting.
• 2024-05-16: Annual Meeting of Stockholders — Formal date for the company's annual shareholder meeting.

Year-Over-Year Comparison

This is a DEF 14A filing for the 2024 annual meeting, following the typical structure for such corporate events.

Filing Documents

• d711482ddef14a.htm (DEF 14A) — 254KB
• g711482dsp7.jpg (GRAPHIC) — 1KB
• g711482dsp7a.jpg (GRAPHIC) — 1KB
• g711482dsp7b.jpg (GRAPHIC) — 1KB
• g711482g0403045955549.jpg (GRAPHIC) — 8KB
• g711482g0403045955753.jpg (GRAPHIC) — 2KB
• g711482g0403045955863.jpg (GRAPHIC) — 2KB
• 0001193125-24-093386.txt (&nbsp;) — 276KB

From the Filing

DEF 14A 1 d711482ddef14a.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 under 240.14a-12 Bogota Financial Corp. (Name of Registrant as Specified In Its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): 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 11, 2024 Dear Fellow Stockholder: You are cordially invited to attend the annual meeting of stockholders of Bogota Financial Corp., the holding company for Bogota Savings Bank. We will hold the meeting at the Teaneck Marriott at Glenpointe, 100 Frank W. Burr Boulevard, Teaneck, New Jersey on Thursday, May 16, 2024, at 11:00 a.m., local time. The notice of the annual meeting and the proxy statement appearing on the following pages describe the formal business to be transacted at the meeting. It is important that your shares are represented at this meeting, whether or not you attend the meeting in person and regardless of the number of shares you own. To ensure your shares are represented, we urge you to vote promptly by completing and mailing the enclosed proxy card or by voting via the Internet or by telephone. Voting instructions appear on the enclosed proxy card. If you attend the meeting, you may vote in person even if you have previously mailed a proxy card or voted via the Internet or by telephone. We look forward to seeing you at the meeting. Sincerely, Kevin Pace President and Chief Executive Officer Bogota Financial Corp. 819 Teaneck Road Teaneck, New Jersey 07666 (201) 862-0660 NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS TIME AND DATE 11:00 a.m., local time, Thursday, May 16, 2024 PLACE The Teaneck Marriott at Glenpointe 100 Frank W. Burr Boulevard Teaneck, New Jersey 07666 ITEMS OF BUSINESS (1)The election of one director to serve for a term of three years; (2)The ratification of the appointment of S.R. Snodgrass, P.C. to serve as the independent registered public accounting firm for the fiscal year ending December 31, 2024; and (3)The transaction of any other business that may properly come before the meeting and any adjournment or postponement of the meeting. ( Note : The Board of Directors is not aware of any other business to come before the meeting.) RECORD DATE To vote, you must have been a stockholder as of the close of business on March 22, 2024. PROXY VOTING It is important that your shares be represented and voted at the meeting. You can vote your shares via the Internet or by telephone or by mail by completing and returning the enclosed proxy card in the accompanying self-addressed envelope. Voting instructions are printed on the proxy card. You may revoke a proxy at any time before its exercise at the meeting by following the instructions in the accompanying proxy statement. BY ORDER OF THE BOARD OF DIRECTORS Susanne C. Hartmann-Silva Corporate Secretary Teaneck, New Jersey April 11, 2024 BOGOTA FINANCIAL CORP. PROXY STATEMENT GENERAL INFORMATION Bogota Financial Corp. is providing this proxy statement to you in connection with the solicitation of proxies by its Board of Directors only for use at the 2024 annual meeting of stockholders and at any adjournment or postponement of the annual meeting. In this proxy statement, we may also refer to Bogota Financial Corp. as Bogota Financial, we, our or us. Bogota Savings Bank is the wholly-owned subsidiary of Bogota Financial. Bogota Financial is the majority-owned subsidiary of Bogota Financial, MHC, a mutual holding company. We will hold the annual meeting at the Teaneck Marriott at Glenpointe, 100 Frank W. Burr Boulevard, Teaneck, New Jersey on Thursday, May 16, 2024, at 11:00 a.m., local time. We intend to mail this proxy statement and a proxy card to stockholders of record beginning on or about April 11, 2024. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON MAY 16, 2024 This proxy statement and our Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, are available on the Internet at www.cstproxy.com/bogotafinancialcorp/2024 . The Annual Report includes our audited consolidated financial statements for the fiscal year ended December 31, 2023. INFORMATION ABOUT VOTING Who May Vote at the Meeting? You are entitled to vote your shares of Bogota Financial common stock that you owned as of the close of bus

View Full Filing

View this DEF 14A filing on SEC EDGAR