NSTS Bancorp, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>NSTS Bancorp, Inc. will hold its 2024 Annual Meeting on May 22, 2024, with electronic distribution of proxy materials and key votes on director elections and auditor ratification.</b>

AI Summary

NSTS Bancorp, Inc. (NSTS) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. The 2024 Annual Meeting of Stockholders for NSTS Bancorp, Inc. will be held on May 22, 2024, at 10:00 a.m. Central Time. Proxy materials, including the proxy statement and 2023 Annual Report, are being furnished electronically to stockholders. Stockholders can access materials online or request paper copies. The meeting agenda includes the election of directors and ratification of Plante & Moran, PLLC as the independent auditor for 2024. The Board of Directors unanimously recommends a vote 'FOR' all matters presented.

Why It Matters

For investors and stakeholders tracking NSTS Bancorp, Inc., this filing contains several important signals. Electronic delivery of proxy materials aims to reduce printing and mailing costs for the company. The meeting provides an opportunity for stockholders to vote on director nominees and the company's auditor, influencing corporate governance.

Risk Assessment

Risk Level: low — NSTS Bancorp, Inc. shows low risk based on this filing. The filing is a routine proxy statement with no significant new financial or operational information, indicating low immediate risk.

Analyst Insight

Stockholders should review the proxy materials to make informed voting decisions on director elections and auditor ratification.

Key Numbers

• 2024 — Annual Meeting Year (Year of the upcoming Annual Meeting of Stockholders.)
• May 22, 2024 — Meeting Date (Date of the 2024 Annual Meeting of Stockholders.)
• 10:00 a.m. — Meeting Time (Time of the 2024 Annual Meeting of Stockholders.)
• 2023 — Annual Report Year (Fiscal year covered by the accompanying Annual Report.)
• 2024 — Fiscal Year (Fiscal year for which Plante & Moran, PLLC is proposed as auditor.)

Key Players & Entities

• NSTS Bancorp, Inc. (company) — Registrant and filer of the proxy statement.
• Plante & Moran, PLLC (company) — Proposed independent registered public accounting firm.
• May 22, 2024 (date) — Date of the 2024 Annual Meeting of Stockholders.
• April 5, 2024 (date) — Filing date of the proxy statement.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
• Annual Meeting Logistics [low — operational]: Ensuring the smooth execution of the annual meeting, including electronic distribution and stockholder participation, is crucial.

Industry Context

NSTS Bancorp, Inc. operates as a savings institution, federally chartered, within the financial services sector.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, governing proxy solicitations.

What Investors Should Do

1. Review the proxy statement for details on director nominees and their qualifications.
2. Understand the proposal for ratifying Plante & Moran, PLLC as the independent auditor.
3. Follow instructions to cast your vote by the meeting date.

Key Dates

• 2024-05-22: 2024 Annual Meeting of Stockholders — Key date for stockholder voting on corporate matters.
• 2024-04-05: Filing Date of DEF 14A — Indicates when the proxy materials were officially submitted to the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement, and does not represent a change from previous filings in terms of its nature.

Key Financial Figures

• $0.01 — d shares of our common stock, par value $0.01 per share (the "Common Stock"), as of t

Filing Documents

• nsts20240119_def14a.htm (DEF 14A) — 317KB
• esop01.jpg (GRAPHIC) — 158KB
• esop02.jpg (GRAPHIC) — 76KB
• pxy01.jpg (GRAPHIC) — 194KB
• pxy02.jpg (GRAPHIC) — 76KB
• 0001437749-24-011220.txt (&nbsp;) — 1014KB

From the Filing

DEF 14A 1 nsts20240119_def14a.htm FORM DEF 14A nsts20240119_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 NSTS Bancorp, 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 NSTS Bancorp, Inc. 700 S. Lewis Ave. Waukegan, Illinois 60085 (847) 336-4430 April 5, 2024 Dear Fellow Stockholder: The 2024 Annual Meeting of Stockholders of NSTS Bancorp, Inc. will be held at the office of North Shore Trust and Savings at 700 S. Lewis Ave., Waukegan, Illinois on Wednesday, May 22, 2024, at 10:00 a.m., Central Time. We are furnishing our proxy statement, 2023 Annual Report and proxy card to stockholders over the internet. Our stockholders will receive a notice in the mail which contains instructions on how to access the proxy materials via the internet. By delivering proxy materials electronically to our stockholders, we can reduce the costs of printing and mailing our proxy materials. If you would like to request paper copies of the proxy materials, please follow the instructions on the notice or as provided in the proxy statement. The Notice of Annual Meeting and Proxy Statement describe the formal business to be transacted at the annual meeting. Our Annual Report on Form 10-K for the year ended December 31, 2023, which contains information concerning our business and 2023 financial performance is available to review at our website at https://ir.northshoretrust.com/sec-filings/all-sec-filings , and is also available online with the Annual Meeting proxy statement materials at https://annualgeneralmeetings.com/nsts2024/ . Our directors and officers, as well as a representative of our independent registered public accounting firm, are expected to be present at the annual meeting to respond to any questions that stockholders may have. The business to be conducted at the annual meeting consists of the election of directors and the ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for the year ending December 31, 2024. The Board of Directors has determined that the matters to be considered at the annual meeting are in the best interest of NSTS Bancorp, Inc. and its stockholders, and the Board of Directors unanimously recommends a vote " FOR " each matter to be considered. On behalf of the Board of Directors, we urge you to sign, date and return the proxy card, or vote your shares online, as soon as possible to ensure that your shares are represented and voted at the meeting. This will not prevent you from attending the meeting and voting in person, but will assure that your vote is counted if you are unable to attend the annual meeting. Sincerely, /s/ Stephen G. Lear Stephen G. Lear Chief Executive Officer 2 NSTS Bancorp, Inc. 700 S. Lewis Ave. Waukegan, Illinois 60085 (847) 336-4430 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 NSTS Bancorp, Inc. (the "Company") will be held at the office of North Shore Trust and Savings located at 700 S. Lewis Ave., Waukegan, Illinois on Wednesday, May 22, 2024 at 10:00 a.m., Central Time. The annual meeting is for the purpose of considering and acting upon: 1. the election of two directors identified in the Proxy Statement for a term expiring at the 2027 Annual Meeting; and 2. the ratification of the appointment of Plante & Moran, PLLC as the Company's independent registered public accounting firm for the year ending December 31, 2024. Stockholders also will transact any other business that may properly come before the annual meeting, or any adjournments thereof, as determined by the Board of Directors. The Board of Directors currently is not aware of any other business to come before the annual meeting. Any action may be taken on the foregoing proposals at the annual meeting on the date specified above, or on the date or dates to which the annual meeting may be adjourned or postponed. Stockholders of record at the close of business on March 25, 2024 are the stockholders entitled to vote at the annual meeting, and any adjournments or postponements thereof. Important Notice Regarding the Availability of Proxy Materials fo

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View this DEF 14A filing on SEC EDGAR