IF Bancorp Files 8-K on Officer Changes and Shareholder Votes

Ticker: IROQ · Form: 8-K · Filed: Nov 26, 2024 · CIK: 1514743

Sentiment: neutral

Topics: corporate-governance, officer-changes, shareholder-vote

TL;DR

IF Bancorp 8-K: Director/officer changes, shareholder votes, and financial updates filed Nov 26.

AI Summary

IF Bancorp, Inc. filed an 8-K on November 26, 2024, reporting on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. The filing also covers the submission of matters to a vote of security holders and other events, along with financial statements and exhibits.

Why It Matters

This filing provides crucial updates on the corporate governance and executive leadership of IF Bancorp, Inc., which can impact investor confidence and strategic direction.

Risk Assessment

Risk Level: low — This is a routine corporate filing detailing governance and operational updates, not indicating immediate financial distress or significant negative events.

Key Numbers

Key Players & Entities

FAQ

What specific officer positions were affected by the changes reported in this 8-K?

The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers', but the specific names and positions are not detailed in the provided excerpt.

Were there any significant shareholder votes or proposals mentioned in the filing?

Yes, the filing explicitly states 'Submission of Matters to a Vote of Security Holders' as an item covered.

What is the primary business of IF Bancorp, Inc.?

IF Bancorp, Inc. is classified under 'SAVINGS INSTITUTION, FEDERALLY CHARTERED' with SIC code 6035.

When was the earliest event reported in this Form 8-K?

The earliest event reported was on November 25, 2024.

What is the fiscal year end for IF Bancorp, Inc.?

The fiscal year end for IF Bancorp, Inc. is June 30.

Filing Stats: 1,270 words · 5 min read · ~4 pages · Grade level 11.3 · Accepted 2024-11-26 17:02:26

Key Financial Figures

Filing Documents

07 Submission of Matters to a Vote of Securities Holders

Item 5.07 Submission of Matters to a Vote of Securities Holders The Annual Meeting of Stockholders of the Company was held on November 25, 2024. The matters listed below were submitted to a vote of the stockholders through the solicitation of proxies, and the proposals are described in detail in the proxy statement filed with the Securities and Exchange Commission on October 16, 2024 (the "Proxy Statement"). Of the 3,353,026 shares outstanding and entitled to vote, 2,842,511 were present at the meeting in person or by proxy. The votes cast were as follows: 1. The election of two directors of the Company to serve for three-year terms and until their successors are elected and qualified. For Withhold Broker Non-Votes Joseph A. Cowan 1,513,050 939,268 390,193 For Withhold Broker Non-Votes Dennis C. Wittenborn 1,492,187 960,131 390,193 2. The ratification of the appointment of FORVIS MAZARS, LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2025. Shares Voted For Shares Voted Against Abstentions 2,639,777 173,518 29,216 3. The approval of an advisory (non-binding) resolution to approve the Company's executive compensation as described in the Proxy Statement . Shares Voted For Shares Voted Against Broker Non-Votes Abstentions 1,023,660 1,400,471 390,193 28,187 4. The approval of a non-binding stockholder proposal recommending the sale of the Company. Shares Voted For Shares Voted Against Broker Non-Votes Abstentions 1,428,457 969,387 390,193 54,474

01 Other Events

Item 8.01 Other Events. On November 26, 2024, the Company issued a press release announcing that the Boards has unanimously elected Walter H. Hasselbring, III as Chair of the Boards. Mr. Hasselbring succeeds, Gary Martin, who, as previously disclosed in the Proxy Statement, has reached the age limit established by the Board of Directors in the Company's bylaws and retired from the Boards on November 25, 2024, immediately prior to the Company's Annual Meeting of Stockholders. In accordance with the Company's Corporate Governance Guidelines and to provide effective oversight and independence of the Boards, the Boards appointed Joseph A. Cowan as Lead Independent Director. Mr. Cowan has served as an independent director of the Company and the Association since 2000. The Boards have determined that combining the Chair and Chief Executive Officer positions, along with appointing a Lead Independent Director and a new President, is the appropriate structure for the Company and the Association at this time and helps provide strong and consistent leadership for management and the Boards. A copy of the press release is included as Exhibit 99.1 to this report.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No . Description 99.1 Press release dated November 26, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. IF BANCORP, INC. DATE: November 26, 2024 By: /s/ Pamela J. Verkler Pamela J. Verkler Senior Executive Vice President and Chief Financial Officer

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