Rhinebeck Bancorp, Inc. Announces Annual Meeting of Stockholders

TL;DR

<b>Rhinebeck Bancorp, Inc. invites stockholders to its virtual annual meeting on May 21, 2024, urging prompt voting.</b>

AI Summary

Rhinebeck Bancorp, Inc. (RBKB) filed a Proxy Statement (DEF 14A) with the SEC on April 15, 2024. Rhinebeck Bancorp, Inc. will hold its annual meeting of stockholders virtually on May 21, 2024, at 11:00 a.m. Eastern time. Stockholders can attend, vote electronically, and submit questions online at www.cstproxy.com/rhinebeckbancorp/2024. A 12-digit control number from the proxy card is required to participate in the virtual meeting. The company urges stockholders to vote promptly by mail or internet, even if they plan to attend the virtual meeting. Michael J. Quinn, President and CEO, signed the proxy statement dated April 15, 2024.

Why It Matters

For investors and stakeholders tracking Rhinebeck Bancorp, Inc., this filing contains several important signals. The shift to a virtual-only format for the annual meeting aims to ensure stockholders have the same participation rights as an in-person event, facilitating broader access and engagement. The proxy statement provides details on the formal business to be transacted and emphasizes the importance of stockholder representation through voting, regardless of attendance.

Risk Assessment

Risk Level: low — Rhinebeck Bancorp, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Stockholders should review the proxy materials to understand the agenda for the annual meeting and ensure their voting rights are exercised.

Key Numbers

• 2024-05-21 — Annual Meeting Date (Date of the virtual annual meeting of stockholders.)
• 11:00 — Meeting Start Time (Start time of the virtual annual meeting in Eastern time.)
• 12-digit — Control Number (Required for participation in the virtual meeting.)

Key Players & Entities

• Rhinebeck Bancorp, Inc. (company) — Registrant and holding company for Rhinebeck Bank.
• Rhinebeck Bank (company) — Subsidiary of Rhinebeck Bancorp, Inc.
• Michael J. Quinn (person) — President and Chief Executive Officer of Rhinebeck Bancorp, Inc.
• May 21, 2024 (date) — Date of the annual meeting of stockholders.
• April 15, 2024 (date) — Filing date of the proxy statement.
• 11:00 a.m. Eastern time (time) — Start time of the annual meeting.

FAQ

Industry Context

Rhinebeck Bancorp, Inc. is a savings institution, operating as a bank holding company.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.

What Investors Should Do

1. Review the proxy statement for details on agenda items and voting procedures.
2. Ensure you have your 12-digit control number for virtual meeting access.
3. Vote your shares promptly via mail or internet, or during the virtual meeting.

Key Dates

• 2024-05-21: Annual Meeting of Stockholders — Formal business to be transacted and voting opportunities.
• 2024-04-15: Filing Date — Date the proxy statement was filed with the SEC.

Year-Over-Year Comparison

This is a preliminary proxy statement filing for the upcoming annual meeting.

Filing Documents

• rbkb-20240521xdef14a.htm (DEF 14A) — 447KB
• rbkb-20240521xdef14a_a001.jpg (GRAPHIC) — 6KB
• rbkb-20240521xdef14a_bg001.jpg (GRAPHIC) — 162KB
• rbkb-20240521xdef14a_bg002.jpg (GRAPHIC) — 155KB
• rbkb-20240521xdef14a_cg001.jpg (GRAPHIC) — 142KB
• rbkb-20240521xdef14a_cg002.jpg (GRAPHIC) — 179KB
• rbkb-20240521xdef14a_dg001.jpg (GRAPHIC) — 145KB
• rbkb-20240521xdef14a_dg002.jpg (GRAPHIC) — 184KB
• 0001751783-24-000014.txt (&nbsp;) — 1788KB

From the Filing

DEF 14A 1 rbkb-20240521xdef14a.htm 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 Rhinebeck Bancorp, Inc. (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 15, 2024 Dear Fellow Stockholder: You are cordially invited to attend the annual meeting of stockholders of Rhinebeck Bancorp, Inc., the holding company for Rhinebeck Bank. The annual meeting will be a virtual meeting conducted exclusively via live webcast at www.cstproxy.com/rhinebeckbancorp/2024 on Tuesday, May 21, 2024 at 11:00 a.m., Eastern time. The annual meeting only will be held in a virtual format. You will not be able to attend the annual meeting physically. However, we are committed to ensuring that stockholders will be afforded the same rights and opportunities to participate as they would at an in-person meeting. Therefore, you will be able to attend the meeting online, vote your shares electronically and submit questions during the meeting by visiting www.cstproxy.com/rhinebeckbancorp/2024 . To participate in the virtual meeting, you will need the 12-digit control number included on your proxy card. The meeting will begin promptly at 11:00 a.m., Eastern time. We encourage you to access the meeting prior to the start time. The notice of 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 online 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. Voting instructions appear on the enclosed proxy card. If you attend the meeting online, you may vote at that time even if you have previously mailed a proxy card or voted via the Internet. We look forward to speaking with you at the meeting. Sincerely, /s/ Michael J. Quinn Michael J. Quinn President and Chief Executive Officer Rhinebeck Bancorp, Inc. 2 Jefferson Plaza Poughkeepsie, New York 12601 (845) 454-8555 NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS TIME AND DATE 11:00 a.m., Eastern time, Tuesday, May 21, 2024 PLACE www.cstproxy.com/rhinebeckbancorp/2024 ITEMS OF BUSINESS (1) The election of three directors to serve for a term of three years; (2) The ratification of the appointment of Wolf & Company, 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 28, 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 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 following proxy statement. BY ORDER OF THE BOARD OF DIRECTORS /s/ Karen E. Morgan-D'Amelio Karen E. Morgan-D'Amelio Corporate Secretary Poughkeepsie, New York April 15, 2024 RHINEBECK BANCORP, INC. PROXY STATEMENT GENERAL INFORMATION Rhinebeck Bancorp, Inc. 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 for any adjournment or postponement of the annual meeting. In this proxy statement, we may also refer to Rhinebeck Bancorp, Inc. as "Rhinebeck Bancorp," "we," "our" or "us." Rhinebeck Bank is the wholly-owned subsidiary of Rhinebeck Bancorp. Rhinebeck Bancorp is the majority-owned subsidiary of Rhinebeck Bancorp, MHC, a mutual holding company. We will hold the annual meeting in a virtual format only at www.cstproxy.com/rhinebeckbancorp/2024 on Tuesday, May 21, 2024 at 11:00 a.m., Eastern time. You will not be able to attend the annual meeting physically. We intend to mail this

View Full Filing

View this DEF 14A filing on SEC EDGAR