false000134131800013413182025-02-042025-02-04

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 04, 2025

 

 

Lake Shore Bancorp, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

United States

000-51821

20-4729288

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

31 East Fourth Street

 

Dunkirk, New York

 

14048

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 716 366-4070

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common stock, par value $0.01 per share

 

LSBK

 

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On February 4, 2025, the stockholders of Lake Shore Bancorp, Inc. (the “Company”) approved the Company’s 2025 Equity Incentive Plan (the “Plan”), which provides for the grant of stock-based awards to officers, employees and directors of the Company and Lake Shore Savings Bank. A description of the material terms of the Plan is contained in the Company’s definitive proxy statement for the Special Meeting of Stockholders filed with the Securities and Exchange Commission on December 20, 2024. A copy of the Plan is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 5.07 Submission of Matters to a Vote of Security Holders.

A Special Meeting of Stockholders of the Company was held on February 4, 2025. The matter listed below was submitted to a vote of the stockholders through the solicitation of proxies, and the proposal is described in detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on December 20, 2024. The proposal was approved by the Company’s stockholders. The final results of the stockholder vote were as follows:

1. The approval of the Lake Shore Bancorp, Inc. 2025 Equity Incentive Plan.

With Lake Shore, MHC shares voted

For

Against

Abstain

Broker Non-Votes

4,606,020

124,133

3,025

—

 

 

 

 

Without Lake Shore, MHC shares voted

For

Against

Abstain

Broker Non-Votes

969,145

124,133

3,025

—

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

10.1

Lake Shore Bancorp, Inc. 2025 Equity Incentive Plan (incorporated by reference to Appendix A to the proxy statement for the Special Meeting of Stockholders filed with the Securities and Exchange Commission on December 20, 2024 (file no. 000-51821)

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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.

 

 

 

Lake Shore Bancorp, Inc.

 

 

 

 

Date:

February 5, 2025

By:

/s/ Taylor M. Gilden

 

 

 

Taylor M. Gilden, Chief Financial Officer and Treasurer

 

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Document And Entity Information
Feb. 04, 2025
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Feb. 04, 2025
Entity Registrant Name Lake Shore Bancorp, Inc.
Entity Central Index Key 0001341318
Entity Emerging Growth Company false
Entity File Number 000-51821
Entity Incorporation, State or Country Code X1
Entity Tax Identification Number 20-4729288
Entity Address, Address Line One 31 East Fourth Street
Entity Address, City or Town Dunkirk
Entity Address, State or Province NY
Entity Address, Postal Zip Code 14048
City Area Code 716
Local Phone Number 366-4070
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common stock, par value $0.01 per share
Trading Symbol LSBK
Security Exchange Name NASDAQ
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