Central Plains Bancshares, Inc. filings document the company's public-company governance and bank holding company structure. Proxy materials and related 8-K reports cover annual meeting matters, director elections, independent auditor ratification, and stockholder voting results.
Other filed disclosures address executive and officer compensation arrangements at Home Federal Savings and Loan Association of Grand Island, the wholly owned banking subsidiary. The record also identifies the issuer's Maryland incorporation and Exchange Act reporting context.
Central Plains Bancshares, Inc. reported that the board of its wholly owned subsidiary, Home Federal Savings and Loan Association of Grand Island, extended the terms of three officers’ agreements. The Employment Agreement with Dannel R. Garness, President and Chief Executive Officer, and the Change in Control Agreements with Bradley M. Kool, Executive Vice President and Chief Financial Officer, and Kurt A. Haecker, Executive Vice President and Chief Lending Officer, now expire on October 24, 2029. No other changes were made to the agreements.
Central Plains Bancshares, Inc. (CPBI) announced that its Board of Directors has approved a new stock repurchase program. Under this authorization, the company may repurchase up to 417,481 shares of its common stock, which the company states is approximately 10% of its current outstanding shares. This new authorization replaces the prior repurchase program and provides flexibility for the holding company of Home Federal Bank to return capital through open-market or other repurchases as determined by management and the Board.
Central Plains Bancshares, Inc. (CPBI) reported results of its August 25, 2026 Annual Meeting of Stockholders. Stockholders elected three directors — Steven D. Kunzman, Daniel D. Naranjo, and Francis E. Younes — each to serve a three-year term, with each nominee receiving more than 2.8 million votes in favor.
Stockholders also ratified the appointment of Plante & Moran, PLLC as the independent registered public accounting firm for the year ending March 31, 2027, with 3,534,245 votes for, 36,028 against, and 93,306 abstentions. In addition, stockholders approved a stockholder proposal regarding repurchases of shares of the company’s common stock, which received 2,320,832 votes for, 444,383 against, and 351,392 abstentions.
Central Plains Bancshares, Inc. reported higher profitability for the quarter ended June 30, 2026. Net income was $1,492 thousand compared with $988 thousand a year earlier, and basic and diluted EPS were $0.39 versus $0.26. Net interest income rose to $5,231 thousand, driven mainly by higher interest and fee income on loans.
Total assets were $562,416 thousand, with loans of $447,520 thousand and deposits of $465,844 thousand. The allowance for credit losses on loans was $5,890 thousand, with a modest provision of $51 thousand, indicating stable credit quality. Cash and cash equivalents increased to $34,442 thousand, supported by deposit growth and limited investing activity, while stockholders’ equity rose to $90,285 thousand on retained earnings growth despite unrealized losses on available-for-sale securities.
Central Plains Bancshares, Inc. reported that its Board of Directors approved the submission of a new stock repurchase program for regulatory non-objection. Under this proposed program, the company would be able to repurchase up to 417,481 shares of its common stock, representing approximately 10.0% of currently outstanding shares.
Upon adoption, the new repurchase program would replace the company’s existing repurchase program. The company explains that implementation depends on receiving regulatory non-objection and notes various forward-looking risks, including regulatory approvals, economic and real estate conditions in its Nebraska markets, interest-rate changes, and operational risks such as cybersecurity and natural disasters.
Central Plains Bancshares, Inc. is the subject of an activist proxy solicitation by Stilwell, which beneficially owns 406,874 shares of common stock, or 9.74% of the 4,178,646 shares outstanding as of July 10, 2026. Stilwell is asking stockholders, via a GREEN proxy card, to support a non‑binding Share Repurchase Proposal at the August 25, 2026 annual meeting.
The proposal requests that the Board take all necessary and permissible actions to repurchase no less than 10% of outstanding shares in every year the stock trades below book value per share, with appropriate trading plans for blackout periods. Using its own proxy card that includes all agenda items, Stilwell indicates default votes "FOR" the Company’s director nominees, "FOR" auditor ratification, and "FOR" the Share Repurchase Proposal. Company governing documents also limit voting rights for common stock beneficially owned above 10%.
Stilwell Activist Investments, L.P. and affiliated entities are soliciting proxies from stockholders of Central Plains Bancshares, Inc. for the 2026 annual meeting. They have filed a definitive proxy statement and are asking investors to use their GREEN proxy card to support a business proposal.
Stilwell’s letter to stockholders states that the Company has not carried out what they view as meaningful share repurchases despite prior intentions, and characterizes the bank as overcapitalized with undervalued stock. They seek a stockholder vote to direct management and the board to sustain share repurchases, and provide telephone, online and mail instructions for voting.
Stilwell Activist Investments and affiliated entities, holding or deemed to beneficially own 406,874 shares of Central Plains Bancshares, are soliciting proxies with a GREEN card for a business proposal at the 2026 annual meeting. They focus on the company’s capital allocation and share repurchase activity.
Stilwell highlights that only 43,183 shares were repurchased during the past fiscal year, compared with 1,111,920 shares trading on the exchange, and characterizes this as missing 96.1% of trading volume despite the stock trading below book value. They cite book value per share rising to $21.21 as of March 31, 2026 and present an illustrative 10% buyback of 419,636 shares that they calculate would have increased book value per share to about $21.79, an accretion of roughly 10.1% for remaining stockholders.
Central Plains Bancshares, Inc., through its subsidiary Home Federal Savings and Loan Association of Grand Island, entered into a change in control agreement with Executive Vice President and Chief Financial Officer Bradley M. Kool on July 8, 2026. The agreement has an initial three-year term, with disinterested directors required annually, at least 30 days before each October 24, to evaluate his performance and decide whether to extend the term by one year. If a change in control occurs during the term, the agreement automatically renews for two years from the change in control date. Upon involuntary termination without cause or resignation for defined "good reason" during the term, Mr. Kool is entitled to a lump-sum severance equal to three times the sum of his base salary and his highest annual cash bonus from specified years, plus reimbursement of COBRA premiums for up to 18 months if he elects coverage.
Central Plains Bancshares, Inc. is soliciting votes for its 2026 annual meeting on August 25, 2026 in Grand Island, Nebraska. Stockholders will vote on electing three directors (Steven D. Kunzman, Daniel D. Naranjo and Francis E. Younes) to terms expiring at the 2029 annual meeting, ratifying Plante & Moran, PLLC as independent auditor for the year ending March 31, 2027, and an advisory stockholder proposal on share repurchases. The board recommends voting FOR the director slate and auditor ratification and is abstaining from a recommendation on the repurchase proposal while noting an existing program for up to 5% of outstanding shares and an intended new program for up to 10%. The company details director independence, board committees, executive compensation and equity incentives, including a 2024 equity plan and an employee stock ownership plan.