Security Federal Corp Reports on Shareholder Vote
Ticker: SFDL · Form: 8-K · Filed: May 14, 2024 · CIK: 818677
| Field | Detail |
|---|---|
| Company | Security Federal Corp (SFDL) |
| Form Type | 8-K |
| Filed Date | May 14, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-meeting
TL;DR
SEC FILING: Security Federal Corp held a shareholder vote on May 9th. Details filed May 14th.
AI Summary
Security Federal Corporation filed an 8-K on May 14, 2024, reporting on matters submitted to a vote of its security holders on May 9, 2024. The filing details the company's principal executive offices located at 238 Richland Avenue Northwest, Aiken, South Carolina, 29801, and its primary business as State Commercial Banks.
Why It Matters
This filing informs investors about important corporate actions and decisions made by Security Federal Corporation's shareholders.
Risk Assessment
Risk Level: low — This is a routine filing reporting on a shareholder vote, with no immediate financial or operational risks indicated.
Key Players & Entities
- SECURITY FEDERAL CORP (company) — Registrant
- May 9, 2024 (date) — Date of earliest event reported
- May 14, 2024 (date) — Date of Report
- 238 Richland Avenue Northwest, Aiken, South Carolina, 29801 (location) — Principal executive offices
- State Commercial Banks (industry) — Standard Industrial Classification
FAQ
What was the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing was to report on matters submitted to a vote of Security Federal Corporation's security holders on May 9, 2024.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on May 9, 2024.
What is the principal executive office address for Security Federal Corporation?
The principal executive office address for Security Federal Corporation is 238 Richland Avenue Northwest, Aiken, South Carolina, 29801.
What is the Standard Industrial Classification code for Security Federal Corporation?
The Standard Industrial Classification code for Security Federal Corporation is 6022, which corresponds to State Commercial Banks.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934.
Filing Stats: 585 words · 2 min read · ~2 pages · Grade level 9.7 · Accepted 2024-05-14 10:11:29
Filing Documents
- 8k5924.htm (8-K) — 39KB
- 0000939057-24-000126.txt ( ) — 166KB
- sfdl-20240509.xsd (EX-101.SCH) — 4KB
- sfdl-20240509_lab.xml (EX-101.LAB) — 22KB
- sfdl-20240509_pre.xml (EX-101.PRE) — 16KB
- 8k5924_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders (a) The Annual Meeting of Security Federal Corporation ("Company") was held on May 9, 2024 in a virtual format. (b) There were a total of 3,229,325 shares of the Company's common stock outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 2,352,294 shares of common stock were represented in person or by proxy, therefore a quorum was present. The following proposals were submitted by the Board of Directors to a vote of shareholders: Proposal 1 . Election of Directors. The following individuals were elected as directors: FOR WITHHELD BROKER NON-VOTES No. of votes No. of votes No. of votes Timothy W. Simmons 2,145,978 206,316 301,217 Harry O. Weeks, Jr. 2,207,275 145,019 301,217 Roy G. Lindburg 2,207,575 144,719 301,217 Based on the votes set forth above, Messrs. Simmons, Weeks and Lindburg were duly elected to each serve as directors of the Company for a three year term expiring at the annual meeting of shareholders in 2027, each to serve until their respective successors have been duly elected and qualified. The terms of Directors Thomas L. Moore, J. Chris Verenes, Richard T. Harmon, Frampton W. Toole, III, Robert E. Alexander, William Clyburn, Frank M. Thomas, Jr. and Jessica T. Cummins, continued. Proposal 2 . Advisory approval of the compensation of the Company's named executive officers. This proposal received the following votes: For Percentage of shares present Against Percentage of shares present Abstain Percentage of shares present Broker Non-Votes 2,181,201 93% 145,028 6% 26,065 1% 301,217 Based on the votes set forth above, the compensation of the Company's named executive officers was approved by shareholders.
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. SECURITY FEDERAL CORPORATION Date: May 10, 2024 By: /s/ J. Chris Verenes J. Chris Verenes Chief Executive Officer