Catalyst Bancorp (NASDAQ: CLST) investors approve board slate and auditor

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Catalyst Bancorp, Inc. reported results of its Annual Meeting of shareholders. Investors elected directors Frederick R. Lafleur and Matthew L. Scruggins. Lafleur received 1,473,154 votes for, 790,019 withheld, and 669,464 broker non-votes, while Scruggins received 1,578,557 for, 684,616 withheld, and 669,464 broker non-votes. Shareholders also approved the ratification of the company’s independent registered public accounting firm with 2,926,395 votes for, 515 against, and 5,727 abstentions.

8-K Event Classification

2 items: 5.07, 9.01

2 items

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

Results of a shareholder vote on proposals at an annual or special meeting.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Votes for Lafleur: 1,473,154 votes Votes withheld Lafleur: 790,019 votes Votes for Scruggins: 1,578,557 votes +5 more

8 metrics

Votes for Lafleur 1,473,154 votes Director election of Frederick R. Lafleur

Votes withheld Lafleur 790,019 votes Director election of Frederick R. Lafleur

Votes for Scruggins 1,578,557 votes Director election of Matthew L. Scruggins

Votes withheld Scruggins 684,616 votes Director election of Matthew L. Scruggins

Broker non-votes (directors) 669,464 votes Broker non-votes for each director proposal

Votes for auditor ratification 2,926,395 votes Ratification of independent registered public accounting firm

Votes against auditor ratification 515 votes Ratification of independent registered public accounting firm

Abstentions on auditor ratification 5,727 votes Ratification of independent registered public accounting firm

Key Terms

broker non-votes, independent registered public accounting firm, Emerging growth company

3 terms

broker non-votes financial

"Broker Non-votes Frederick R. Lafleur | 1,473,154 | 790,019 | 669,464"

Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.

independent registered public accounting firm financial

"adopted the proposal to ratify the appointment of the Company’s independent registered public accounting firm."

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Understanding 8-K Material Events →

05/21/2026 - 11:01 AM

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)	May 19, 2026

Catalyst Bancorp, Inc.

(Exact name of registrant as specified in its charter)


Louisiana	001-40893	86-2411762
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


235 N. Court Street, Opelousas, Louisiana	70570
(Address of principal executive offices)	(Zip Code)


Registrant’s telephone number, including area code	(337) 948-3033

Not Applicable

(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 (see General Instruction A.2 below):


☐	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	CLST	Nasdaq Capital Market

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 5.07 Submission of Matters to a Vote of Security Holders

(a)	An Annual Meeting of Shareholders (the “Annual Meeting”) of Catalyst Bancorp, Inc. (the “Company”) was held on May 19, 2026.

(b)	There were 4,058,297 shares of common stock of the Company eligible to be voted at the Annual Meeting and 2,932,637 shares represented in person or by proxy at the Annual Meeting, which constituted a quorum to conduct business at the meeting.

The items voted upon at the Annual Meeting and the votes for each proposal were as follows:

Election of directors for a three-year term:


	For	Withheld	Broker Non-votes
Frederick R. Lafleur	1,473,154	790,019	669,464
Matthew L. Scruggins	1,578,557	684,616	669,464

To ratify the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2026:


For	Against	Abstain
2,926,395	515	5,727

At the Annual Meeting, the shareholders of the Company elected each of the nominees as director and adopted the proposal to ratify the appointment of the Company’s independent registered public accounting firm.

ITEM 9.01 Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

(d) Exhibits

The following exhibits are included herein:


Exhibit Number		Description
104		Cover Page Interactive Data File. Embedded within the Inline XBRL document.

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.


		CATALYST BANCORP, INC.

Date:	May 21, 2026	By:	/s/ Joseph B. Zanco
			Joseph B. Zanco
			President and Chief Executive Officer

Source: View Original Filing on SEC EDGAR

FAQ

What did Catalyst Bancorp (CLST) shareholders approve at the latest annual meeting?

Shareholders approved all matters presented, including electing two directors and ratifying the independent registered public accounting firm, with strong support in favor and only minimal opposition or abstentions recorded across the proposals.

Which directors were elected at Catalyst Bancorp’s 2026 annual shareholder meeting?

Shareholders elected Frederick R. Lafleur and Matthew L. Scruggins as directors. Both nominees received more votes cast in favor than withheld, with additional broker non-votes reported but not counted as votes against their election.

How strong was the shareholder support for Catalyst Bancorp’s auditor ratification?

Support was very high, with 2,926,395 votes for ratifying the independent registered public accounting firm, versus only 515 votes against and 5,727 abstentions, indicating broad shareholder backing for the company’s audit choice.

Were there broker non-votes in Catalyst Bancorp’s director elections?

Yes. Each director election included 669,464 broker non-votes. These represent shares held by brokers that were not voted on the director proposals and therefore did not count as either for or against the nominees.

Does the Catalyst Bancorp (CLST) 8-K include any new financial results?

No new financial results are described. The report focuses on shareholder voting outcomes for director elections and ratification of the independent registered public accounting firm from the company’s most recent Annual Meeting.

Filing Exhibits & Attachments

3 documents