SFDL 8-K
Security Federal Corp (SFDL)
8-K
2025-05-13
For: 2025-05-09
View Original
Added on
April 11, 2026
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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM
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CURRENT REPORT
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Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported):
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number (including area code): (
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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.
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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. [ ]
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Item 5.07 Submission of Matters to a Vote of Security Holders
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(a)
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The Annual Meeting of Security Federal Corporation (“Company”) was held on May 8, 2025 in a virtual format.
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(b)
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There was a total of 3,186,093 shares of the Company’s common stock outstanding and entitled to vote at the Annual Meeting.
At the Annual Meeting, 2,437,383 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:
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Proposal 1. Election of Directors. The
following individuals were elected as directors:
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FOR
No. of votes
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WITHHELD
No. of votes
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BROKER
NON-VOTES
No. of votes
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Thomas L. Moore
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2,252,317
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185,066
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497,829
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J. Chris Verenes
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2,275,257
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162,126
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497,829
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Richard T. Harmon
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2,280,257
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157,126
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497,829
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Frampton W. Toole, III
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2,281,457
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155,926
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497,829
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Based on the votes set forth above, Messrs. Moore, Verenes, Harmon and Toole were duly elected to each serve as directors of the
Company for a three-year term expiring at the annual meeting of shareholders in 2028, each to serve until their respective successors have been duly elected and qualified.
The terms of Directors Robert E. Alexander, William Clyburn, Frank M. Thomas, Jr., Jessica T. Cummins, Timothy W. Simmons, Harry O.
Weeks, Jr. and Roy G. Lindburg continued.
Proposal 2. Advisory approval of the
compensation of the Company’s named executive officers. This proposal received the following votes:
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For
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Percentage
of
shares
present
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Against
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Percentage
of
shares
present
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Abstain
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Percentage
of
shares
present
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Broker Non-Votes
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2,250,074
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92%
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160,399
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7%
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26,910
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1%
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497,829
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Based on the votes set forth above, the compensation of the Company’s named executive officers was approved by shareholders.
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.
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SECURITY FEDERAL CORPORATION
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Date: May 12, 2025
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By:
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/s/ J. Chris Verenes
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J. Chris Verenes
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Chief Executive Officer
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