Filing Analysis
Lake Shore Bancorp, Inc. announced a cash dividend declaration of $0.09 per share for its common stock.
📋 Key Facts
- Dividend amount: $0.09 per share.
- Record date: August 3, 2026.
- Payment date: August 12, 2026.
Lake Shore Bancorp, Inc. filed an 8-K to disclose its quarterly results of operations and financial condition for the period ending June 30, 2026.
📋 Key Facts
- The filing was made on July 22, 2026.
- Discloses results of operations and financial condition for the quarter ended June 30, 2026.
- Includes a press release as Exhibit 99.1.
Lake Shore Bancorp, Inc. reported the voting results from its Annual Meeting of Shareholders held on May 20, 2026. Shareholders elected three Class Three directors, approved executive compensation on an advisory basis, selected a one-year frequency for future executive compensation votes, and ratified the appointment of Yount, Hyde & Barbour, P.C. as the independent auditor for 2026.
📋 Key Facts
- The Annual Meeting of Shareholders was held on May 20, 2026.
- Three Class Three directors (Michelle M. DeBergalis, Jack L. Mehltretter, and Dennis S. Pollack) were elected to terms expiring in 2029.
- The advisory vote on executive compensation was approved with 3,988,849 votes 'For' and 486,649 votes 'Against'.
- Shareholders selected a 1-year frequency for future advisory votes on executive compensation with 4,464,166 votes.
- The appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified with 5,895,190 votes 'For'.
Lake Shore Bancorp, Inc. filed an 8-K disclosing its annual shareholders' meeting held on May 20, 2026. The company furnished its management presentation for the meeting as Exhibit 99.1.
📋 Key Facts
- The annual shareholders' meeting was held on May 20, 2026, at 8:30 a.m. Eastern Time in Dunkirk, New York.
- Management's presentation for the meeting is attached as Exhibit 99.1.
- The filing was signed by Taylor M. Gilden, Chief Financial Officer and Treasurer.
Lake Shore Bancorp, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on its outstanding common stock. The dividend is payable on May 13, 2026, to shareholders of record as of May 4, 2026.
📋 Key Facts
- Board of Directors declared a cash dividend of $0.09 per share on April 22, 2026.
- The dividend payment date is scheduled for May 13, 2026.
- The record date for the dividend is May 4, 2026.
- The announcement was made via a press release filed as Exhibit 99.1.
Lake Shore Bancorp, Inc. announced its financial results for the first quarter ended March 31, 2026. The disclosure was made via a press release attached as an exhibit to the filing.
📋 Key Facts
- The filing reports results for the fiscal quarter ended March 31, 2026.
- The report was filed on April 22, 2026, under Item 2.02 Results of Operations and Financial Condition.
- The full financial details are contained in Exhibit 99.1, the company's press release.
Lake Shore Bancorp entered into a comprehensive standstill agreement with activist investor Stilwell Group to avoid a proxy contest, resulting in the appointment of Dennis Pollack to the Board. The agreement includes a multi-year standstill through 2029 and required a specific amendment to the company's bylaws to waive director qualification requirements for the new appointee.
🚩 Red Flags
- The Board had to amend and restate the Company's Bylaws (Item 5.03) specifically to waive director qualification provisions to seat the activist's nominee.
- Presence of multiple 8-K items (1.01, 5.02, 5.03) indicates a complex settlement under pressure.
- The Stilwell Group is a known activist investor in the banking sector, suggesting prior friction with management.
📋 Key Facts
- Entered into a Standstill Agreement on March 17, 2026, with the Stilwell Group and Dennis Pollack.
- Dennis Pollack was appointed to the Boards of Directors of both the Company and Lake Shore Bank effective immediately.
- The Stilwell Group withdrew its notice of intent to nominate a director and present a business proposal at the 2026 Annual Meeting.
- The standstill period remains in effect until the completion of the Company’s 2029 Annual Meeting of Stockholders.
- The Board amended the Company's Bylaws to allow for a two-thirds vote to waive director qualification requirements, which was utilized for Mr. Pollack's appointment.
- The Stilwell Group is restricted from acquiring additional shares or soliciting proxies during the term of the agreement.
Lake Shore Bancorp, Inc. announced a cash dividend declaration of $0.09 per share for its outstanding common stock.
📋 Key Facts
- Dividend amount: $0.09 per share.
- Record date: February 2, 2026.
- Payment date: February 11, 2026.
- Declaration date: January 21, 2026.
Lake Shore Bancorp, Inc. filed an 8-K to disclose its financial results for the fourth quarter and full year ended December 31, 2025.
📋 Key Facts
- The filing is a routine disclosure of quarterly and annual results (Item 2.02).
- Reporting period covered: Fourth quarter and fiscal year ended December 31, 2025.
- Filing date: January 21, 2026.
Lake Shore Bancorp, Inc. announced a cash dividend declaration of $0.09 per share. The dividend is scheduled to be paid on November 12, 2025, to shareholders of record as of November 3, 2025.
📋 Key Facts
- Dividend amount: $0.09 per share
- Record date: November 3, 2025
- Payment date: November 12, 2025
- Declaration date: October 22, 2025
Lake Shore Bancorp, Inc. announced that its Board of Directors has adopted a share repurchase plan for up to 5% of the company's outstanding common stock. The program is scheduled to commence on or after July 20, 2026.
📋 Key Facts
- Board approved repurchase of up to 5% of outstanding shares of common stock.
- Repurchases are expected to begin following the one-year anniversary of the recent second step conversion offering (estimated commencement: July 20, 2026).
- Purchases may be executed via open market, private transactions, or Rule 10b5-1 trading plans.
- The program has no expiration date but can be modified, suspended, or terminated at any time.
Lake Shore Bancorp, Inc. filed an 8-K to announce the release of its quarterly results for the period ending September 30, 2025. The filing serves as a formal notification that financial results have been disclosed via press release.
📋 Key Facts
- The company issued a press release on October 22, 2025, regarding its quarterly results.
- Reporting period: Quarter ended September 30, 2025.
- The filing includes Exhibit 99.1 containing the full press release.
Lake Shore Bancorp, Inc. announced a cash dividend of $0.09 per share for its outstanding common stock.
📋 Key Facts
- Dividend amount: $0.09 per share.
- Record date: August 4, 2025.
- Payment date: August 13, 2025.
Lake Shore Bancorp, Inc. filed an 8-K to announce the release of its quarterly results for the period ending June 30, 2025. The filing serves as a formal notification that financial results were disclosed via press release on July 23, 2025.
📋 Key Facts
- The company issued a press release disclosing results of operations and financial condition for the quarter ended June 30, 2025.
- Filing date: July 23, 2025.
- The report was signed by Taylor M. Gilden, Chief Financial Officer and Treasurer.
Lake Shore Bancorp, Inc. announced the successful completion of a major corporate restructuring involving the conversion of its mutual parent (Lake Shore, MHC) to stock form and the charter conversion of Lake Shore Savings Bank from a federal savings bank to a New York chartered commercial bank.
📋 Key Facts
- Closing of the conversion of Lake Shore, MHC from mutual to stock form completed on July 18, 2025.
- Execution of a related stock offering by the Company.
- Conversion of Lake Shore Savings Bank from a federal savings bank to a New York chartered commercial bank.
Lake Shore Bancorp, Inc. announced that the conversion of Lake Shore, MHC from a mutual to a stock form is expected to close on July 18, 2025. This event includes a related stock offering by the successor holding company.
📋 Key Facts
- Conversion of Lake Shore, MHC from mutual to stock form is expected to close on July 18, 2025.
- The conversion involves a related stock offering by Lake Shore Bancorp, Inc.
- Lake Shore Bancorp, Inc. serves as the holding company for Lake Shore Savings Bank.
Lake Shore Bancorp, Inc. announced that stockholders approved a major corporate reorganization on July 1, 2025. The plan involves converting from a mutual holding company structure to a stock holding company structure and transitioning the Bank from a federal savings bank to a New York chartered commercial bank.
📋 Key Facts
- Special Meeting of Stockholders held on July 1, 2025.
- Approval of Lake Shore, MHC’s Amended and Restated Plan of Conversion and Reorganization.
- Conversion from mutual holding company structure to stock holding company structure.
- Bank will convert from a federal savings bank to a New York chartered commercial bank.
Lake Shore Bancorp, Inc. is announcing the 'second-step' conversion of its bank from a mutual holding company structure to a stock holding company structure. This process involves issuing and selling common stock to depositors and potentially other members of the public.
📋 Key Facts
- The conversion moves Lake Shore Bank from a mutual holding company to a stock holding company structure.
- Upon completion, Registrant will own all issued and outstanding shares of the Bank's common stock.
- Shares will be issued/sold in an offering to certain depositors and potentially other members of the public.
- The SEC declared the Form S-1 registration statement effective on May 14, 2025.
- The Registrant has no significant assets, revenues, or expenses as it has only engaged in organizational activities to date.
Lake Shore Bancorp, Inc. announced the commencement of a stock offering triggered by its conversion from a mutual holding company structure to a stock holding company. This process involves the transition of Lake Shore, MHC into a newly chartered Maryland corporation.
🚩 Red Flags
- Potential dilution for existing mutual interest holders as the structure shifts to a public/stock-based model
📋 Key Facts
- Date of event: May 23, 2025
- Nature of event: Commencement of a stock offering related to mutual-to-stock conversion
- Entity change: Conversion of Lake Shore, MHC from a mutual holding company to a stock holding company
- New entity: Lake Shore Bancorp, Inc. (a newly chartered Maryland corporation)
Lake Shore Bancorp, Inc. entered into an Agency Agreement with Raymond James & Associates, Inc. to assist in marketing common stock during a conversion from a mutual holding company to a stock holding company. The agreement includes success fees for subscription and community offerings.
📋 Key Facts
- Agreement date: May 14, 2025
- Parties: Lake Shore Bancorp, Inc., Lake Shore Savings Bank, Lake Shore, MHC, and Raymond James & Associates, Inc.
- Purpose: Marketing common stock for the conversion from a mutual holding company to a stock holding company.
- Success fee (Subscription/Community): 1.35% of aggregate dollar amount of shares sold.
- Syndicated community offering fee: 6.00% of aggregate dollar amount of common stock sold.
- Records agent fee: $30,000 plus reimbursements for out-of-pocket and legal expenses.
- Registration Statement on Form S-1 declared effective by the SEC on May 14, 2025.